PIC v AYO: Parties come to settlement agreement:
iol.co.za/capeargus/news/pic-v-ayo-parties-come-to-settlement-agreement-7e638e77-d630-4d70-b4ea-d36c111ca741
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| Last Updated | Mar 24 23 |
| Total Articles | 1 |
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Bad business has not dented Iqbal Survé’s ‘billions’ — or so he says: Despite years of controversy about companies failing to meet their financial obligations ...
dailymaverick.co.za/article/2024-04-21-bad-business-has-not-dented-iqbal-surves-billions-or-so-he-says/
Canal+ offer for MultiChoice gains shareholder support: Early indications are that some shareholders view the deal as a blessing and an opportunity to bail out ...
dailymaverick.co.za/article/2024-04-16-canal-offer-for-multichoice-gains-shareholder-support/
UDM manifesto — end the coalition free-for-all and ban forced marriages: The UDM manifesto also singles out traditional leaders as deserving of special treatment ...
dailymaverick.co.za/article/2024-04-07-udm-manifesto-end-coalition-free-for-all-ban-forced-marriages/
Universal Basic Income urgently needed to kick-start SA economy — Social Policy Initiative
dailymaverick.co.za/article/2024-04-17-universal-basic-income-urgently-needed-to-kick-start-sa-economy-social-policy-initiative/
Whistle-blowers need support and solidarity; they should not be recognised only in death
dailymaverick.co.za/article/2024-03-10-whistleblowers-need-support-solidarity-not-to-be-recognised-only-in-death/
After the Bell: The depressing illogic of the EFF election manifesto: Why has the light of modern economic history shone so dimly on the EFF’s economic moronism? ...
dailymaverick.co.za/article/2024-02-15-after-the-bell-the-depressing-illogic-of-the-eff-election-manifesto/
Sekunjalo plans to sue government for R75-billion: Sekunjalo has been mired in controversy for years, and the house of cards appears to be falling gradually.
dailymaverick.co.za/article/2024-01-16-sekunjalo-plans-to-sue-government-for-r75-billion/
Transnet to receive R47bn from National Treasury: Finance minister Enoch Godongwana and National Treasury agreed to a R47bn credit guarantee facility to ports ...
timeslive.co.za/sunday-times/business/business/transnet-to-receive-r47bn-from-national-treasury/
Quick Glance: Transnet's Financial Relief: R47 Billion from Treasury
- Transnet faces a huge debt of R135 billion and is unable to borrow from the market.
- Finance minister Enoch Godongwana and National Treasury agreed to a R47 billion credit guarantee facility to alleviate Transnet's financial challenges.
- National Treasury confirmed that Transnet can immediately access R22.8 billion from the facility to address urgent issues, including paying off maturing debts.
- While direct bailout wasn't considered, government expressed confidence in the credit guarantee facility and the recovery plan to resolve Transnet's challenges.
In a blow to shareholder PIC, Iqbal Surve’s Independent Group retrenches a third of its staff
dailymaverick.co.za/article/2023-11-09-in-blow-to-pic-iqbal-surves-independent-retrenches-a-third-of-its-staff/
Exclusive: China's sovereign fund appoints new North America chief -sources: China Investment Corp (CIC) has hired a new North America head for its New York ...
reuters.com/business/finance/chinas-sovereign-fund-appoints-new-north-america-chief-sources-2023-11-10/
The Fiscal Cliff | Is South Africa nearing a debt crisis?: The real issue is that the February 2023 budget was the least credible assessment of the country’s ...
mg.co.za/thoughtleader/2023-10-29-is-south-africa-nearing-a-debt-crisis/
Centre may moderate FY25 disinvestment target amid limited asset sales: The FY24 Budget Estimate of Rs 51,000 cr expected to be halved
business-standard.com/economy/news/centre-may-moderate-fy25-disinvestment-target-amid-limited-asset-sales-123110101073_1.html
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After the Bell: The weird problem of SOEs that are too successful: After the success of the Temporary Employer-Employee Relief Scheme, clearly some people in the ...
dailymaverick.co.za/article/2023-10-19-after-the-bell-the-weird-problem-of-soes-that-are-too-successful/
After the Bell: A rare sighting of good news for SA’s state-owned enterprises: Two of the three SOEs (the IDC and PIC) generated profits and paid taxes on them ...
dailymaverick.co.za/article/2023-10-09-after-the-bell-a-rare-sighting-of-good-news-for-sas-state-owned-enterprises/
Testamentary trust can secure a child’s inheritance should both parents die simultaneously
dailymaverick.co.za/article/2023-10-09-testamentary-trust-can-secure-a-childs-inheritance-should-both-parents-die-simultaneously/
PIC chief to continue Labour Court battle to defend the firing of CFO Matshepo More
dailymaverick.co.za/article/2023-10-03-pic-chief-to-continue-labour-court-battle-to-defend-the-firing-of-cfo-matshepo-more/
Flight of disinvestment: Centre's PSU stake sale programme remains elusive: Air India flew and LIC moved, but a big-bang PSU stake sale programme has proved to ...
business-standard.com/specials/news/flight-of-disinvestment-centre-s-psu-stake-sale-programme-still-elusive-123092101352_1.html
Paid articlePaid Standard Bank to shut Independent Media accounts: SBSA has given notice to Independent Media that on August 21, 2023, its business bank accounts will be closed ...
iol.co.za/capeargus/news/standard-bank-to-shut-independent-media-accounts-2c98abe4-eb2c-42fe-a2a2-4775efb40c34
Standard Bank latest to shut the door on Sekunjalo-related accounts: The Sekunjalo group maintains that the decision by the banks is political and part of a ...
dailymaverick.co.za/article/2023-08-03-standard-bank-latest-to-shut-the-door-on-sekunjalo-related-accounts/
UIF committee raises questions around PIC’s investment strategy: The UIF, which is the second-largest client of the PIC, accounting for 5.14% of assets under ...
dailymaverick.co.za/article/2023-09-05-uif-committee-raises-questions-around-pics-investment-strategy/
Africa: Multilateral Development Banks and WHO Launch New Investment Platform to Strengthen Primary Health ...
allafrica.com/stories/202306230392.html
AngloGold to switch primary listing to US as has 'outgrown' S.Africa: Gold miner AngloGold Ashanti (ANGJ.J) will move its primary listing to New York from ...
reuters.com/markets/commodities/anglogold-ashanti-shifts-primary-listing-new-york-2023-05-12/
[ANALYSIS] Economists vs Maharlika: Some key points: There’s still room to craft a good IRR for Maharlika. But the bill itself contains too many fundamental ...
rappler.com/voices/thought-leaders/analysis-economists-maharlika-fund-some-key-points/
![[ANALYSIS] Economists vs Maharlika: Some key points](/web/db/posts/35737/35737880.jpg)
BILLIONS WASTED: PIC board confirms it did not sign off on AYO Technology settlement
dailymaverick.co.za/article/2023-04-20-pic-board-confirms-it-did-not-sign-off-on-ayo-technology-settlement/
BILLIONS WASTED: AYO Technology finally reveals full details of PIC settlement: Nine days after Daily Maverick revealed the shocking details of the settlement ...
dailymaverick.co.za/article/2023-04-03-ayo-technology-finally-reveals-full-details-of-pic-settlement/
Has Ann Crotty parked journalistic integrity to pursue a public personal vendetta against Iqbal Survé?
iol.co.za/news/opinion/has-ann-crotty-parked-journalistic-integrity-to-pursue-a-public-personal-vendetta-against-iqbal-surve-d1502523-4aa4-4c19-8015-a144483d19c2
PIC positive about AYO settlement, looks to create growth: The Public Investment Corporation (PIC) is in a highly positive mood about the settlement reached with ...
iol.co.za/news/pic-positive-about-ayo-settlement-looks-to-create-growth-eb99261d-5369-45e3-aa34-65ce7cae77e8
‘BRAWL IN THE BUSHVELD’: Northam withdraws takeover offer for RBPlat, paving the way for Implats to acquire company
dailymaverick.co.za/article/2023-04-05-northam-withdraws-takeover-offer-for-rbplat-paving-the-way-for-implats-to-acquire-company/
BILLIONS WASTED: Terms of the PIC/AYO deal revealed – it is a bloodbath for State Pensioners
dailymaverick.co.za/article/2023-03-25-terms-of-the-pic-ayo-deal-revealed-it-is-a-bloodbath-for-state-pensioners/
Analysis of a Company Murder: The curious case of AYO who won’t go quietly
iol.co.za/sundayindependent/analysis/analysis-of-a-company-murder-d76ed65b-3172-4e89-a03d-ff2377c70c53
Justice prevailed in AYO vs PIC case, says Dr Iqbal Survé: Chairman of the Sekunjalo Group Dr Iqbal Survé has welcomed the outcome of the Public Investment ...
iol.co.za/capeargus/news/justice-prevailed-in-ayo-vs-pic-case-says-dr-iqbal-surve-47d7a625-5433-4096-8aca-d02e5e54ed9b
Independent Media staff slapped with last-minute, 25% salary cut: Independent media staff woke to the shocking news on Friday that they would only be paid 75% of ...
timeslive.co.za/news/south-africa/2023-03-24-independent-media-staff-slapped-with-last-minute-25-salary-cut/
Paid articlePaid PIC v AYO: What we know after the first week in the epic court battle: The Public Investment Corporation (PIC) has gone to court to recover a R4 ...
iol.co.za/news/south-africa/pic-v-ayo-what-we-know-after-the-first-week-in-the-epic-court-battle-57bcb75d-ce1f-4622-bd09-c95c8bd8f106
STOPPING THE PRESS: Inside existential woes at Iqbal Survé’s Independent Media empire
dailymaverick.co.za/article/2023-03-30-inside-existential-woes-at-iqbal-surves-independent-news-empire/
BUSINESS MAVERICK: Ayo warns shareholders that PIC case could materially affect share price
dailymaverick.co.za/article/2023-03-08-ayo-warns-shareholders-pic-case-could-affect-share-price/
PIC v AYO: Parties come to settlement agreement: The PIC, which was looking to recoup a R4.3bn investment into AYO Technology Solutions has come to a ...
iol.co.za/capeargus/news/pic-v-ayo-parties-come-to-settlement-agreement-7e638e77-d630-4d70-b4ea-d36c111ca741
AFTER THE BELL: The PIC v AYO — can it ever be illegal to make a stupid investment decision?
dailymaverick.co.za/article/2023-03-09-after-the-bell-the-pic-v-ayo-can-it-ever-be-illegal-to-make-a-stupid-investment-decision/
Will the PIC act on Jayendra Naidoo’s Lancaster for almost R10 billion loss?: Are we headed for Mpati Commission V2 where AYO, once again, becomes the fall guy ...
iol.co.za/business-report/companies/will-the-pic-act-on-jayendra-naidoos-lancaster-for-almost-r10-billion-loss-e42af5ec-b741-40e2-9279-b04324b20fde
PIC deal team had enough comfort to make R4.3bn investment: Under questioning by Nazeer Cassim, legal representative of AYO, Molebatsi said he only became aware ...
iol.co.za/business-report/companies/pic-deal-team-had-enough-comfort-to-make-r43bn-investment-7e033fa8-ec77-4b62-b36f-3fb20aca66f1
PIC head admits AYO was a good investment: The questions to Molebatsi from both the PIC senior counsel Vincent Maleka and Cassim were based mainly on his ...
iol.co.za/capeargus/news/pic-head-admits-ayo-was-a-good-investment-aa83c90c-fb02-4358-9203-ad311abbffe3
PIC’s discriminatory approach to a decent investment: There is a glaring discrepancy between the treatment received by AYO compared to other companies who have ...
iol.co.za/sundayindependent/news/pics-discriminatory-approach-to-a-decent-investment-a0ba76ad-b8fd-493d-9918-be7673e4572b
LEGAL SETBACK: PIC must go back to the drawing board on some subpoenas in AYO court case
dailymaverick.co.za/article/2023-03-09-pic-must-go-back-to-the-drawing-board-on-some-subpoenas-in-ayo-court-case/
PIC's witness Seanie calls PIC board and lawyers ENS corrupt: The curtain-raiser to the much-anticipated Public Investment Corporation (PIC) vs JSE-listed AYO ...
iol.co.za/capetimes/news/pics-witness-seanie-calls-pic-board-and-lawyers-ens-corrupt-831f4a81-80a7-4e21-ae2c-f20065879a4d
Possible perjury by PIC witness, Victor Seanie?: Cross examination of Victor Seanie, former junior portfolio manager at the Public Investment Corporation (PIC) ...
iol.co.za/news/crime-and-courts/possible-perjury-by-pic-witness-victor-seanie-73199fb5-2a43-4b64-9e87-d6637e6c430d
Judge rules for AYO against PIC in communications subpoena matter: In a brief order delivered before the resumption of the main case featuring the PIC and AYO ...
iol.co.za/capeargus/news/judge-rules-for-ayo-against-pic-in-communications-subpoena-matter-76461802-b5ba-477a-8315-2cc562968aef
AYO puts up strong defence against PIC in Cape High Court: The PIC, which is the guardian of 82% of the Government Employees Pension Fund’s portfolio ...
iol.co.za/saturday-star/news/ayo-puts-up-strong-defence-against-pic-in-cape-high-court-a76d74fd-3ac1-4ddf-b3d3-444d95ed5609
TEXT: President Ramaphosa’s 2023 State of the Nation Address: President Cyril Ramaphosa delivered his seventh State of the Nation Address on Thursday ...
dailymaverick.co.za/article/2023-02-09-sona-2023-full-speech/
Another PIC witness grilled over AYO deal in court: The public entity is pursuing the legal action despite benefiting from its investment through dividends of ...
iol.co.za/capetimes/news/another-pic-witness-grilled-over-ayo-deal-in-court-92a94b45-6802-40c9-b82d-4e5933b6a507
READ IT IN FULL: Ramaphosa's state of the nation address: The president announced a state of disaster regarding the energy crisis
mg.co.za/news/2023-02-09-read-it-in-full-ramaphosas-state-of-the-nation-address-4/
Judge rules for Sekunjalo against PIC: Western Cape High Court judge Ashley Binns-Ward has set aside the Public Investment Corporation’s request to subpoena all ...
iol.co.za/capeargus/news/judge-rules-for-sekunjalo-against-pic-0009ba49-ee74-4077-a1ef-157092f95079
LEST WE FORGET: Eskom’s rolling blackouts — 26 years of ANC meddling, manipulation and vested interests
dailymaverick.co.za/article/2023-01-26-eskoms-rolling-blackouts-26-years-of-anc-meddling-manipulation-and-vested-interests/
Daybreak Farms CEO suspended over procurement irregularities: Controversy-hit Daybreak Farms, which is wholly owned by government workers through the Public ...
timeslive.co.za/sunday-times/news/2023-01-08-daybreak-farms-ceo-suspended-over-procurement-irregularities/
Paid articlePaid Centre to fully exit IDBI Bank once it gets upside value: Dipam secy: Time period for IDBI Bank to meet public to be notified soon
business-standard.com/article/finance/govt-to-notify-time-period-for-idbi-bank-to-meet-public-float-dipam-secy-123010901194_1.html
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