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Everything media mogul Iqbal Survé touches is anathema to one of South Africa’s Big Four banks – the same bank that led the charge in cutting off the Gupta family from the banking system in 2016. amaBhungane has established that on 27 August 2020 Absa sent letters to every client directly or indirectly controlled by Survé’s Sekunjalo Investment Holdings, giving 60 days’ notice of termination of services. In subsequent court proceedings late last year, Absa general counsel Marthinus Janse van Rensburg insisted that “[Absa’s] continued association with customers in the Sekunjalo Group posed intolerable reputational, commercial and legal risks.” The companies cut off from their banking facilities include Survé’s main JSE-listed vehicle, African Equity Empowerment Investments (AEEI), its separately listed subsidiaries AYO Technology Solutions and Premier Fishing & Brands, and all subsidiaries of the three companies. Sekunjalo-controlled Independent Media appears una

South africaAbsa janse van rensburgDan matjilaRushaan isaacsWebber wentzelMarthinus janse van rensburgWallace mgoqiJanse van rensburgParliament standing committee onSekunjalo investment holdingsFund managersPublic investment corporationTechnology solutionsStock exchange news serviceCape high courtMpati commission