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A bid by BT Communications Services SA to force out a subsidiary of Iqbal Survé's Sekunjalo as its black economic empowerment partner will come before the International Court of Arbitration next month.
Independent media staff woke to the shocking news on Friday that they would only be paid 75% of their salary, with the other 25% being "advised" during the coming week.
African Equity Empowerment Investments, an investment holding company in the stable of Iqbal Survé's Sekunjalo group, is set to unbundle its shares in AYO Technology, a company which is heading to court in a bid by the PIC to get its money back.
Iqbal Survé’s business empire is coming under severe pressure, with Nedbank pulling the plug on AEEI's transactional banking facilities.
African Equity Empowerment Investments (AEEI), the diversified majority black-owned investment group, yesterday denied that a call option claimed by investee partner company BT Communications Services South Africa was capable of being exercised.