Despite years of controversy about companies failing to meet their financial obligations and other evidence that they’re bleeding money, Iqbal Survé reckons his ‘empire’ is cash rich and thriving.
Retrenched staff lay a complaint at the CCMA, as they wait for the newspaper group to pay out their agreed retrenchment packages. The retrenchments are bound to be a blow for the government’s Public Investment Corporation, which has poured R800-million into the group and has a 25% stake.