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Loans against pension funds will rock system, deplete savings, warns Treasury

Loans against pension funds will rock system, deplete savings, warns Treasury
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

Ismail Momoniat , A Pension Fund Amendment , National Treasury , Standing Committee On Finance Sco , Pension Fund Amendment Bill , Standing Committee , Pension Funds Amendment , தேசிய கருவூலம் , நின்று குழு ஆன் நிதி ஸ்கோ , நின்று குழு ,

Busting the myth about a R2bn loan from the PIC


Busting the myth about a R2bn loan from the PIC
By Bongani Hans
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Sekunjalo Independent Media Consortium has busted the myth that the purchase of Independent Media, the biggest media group in the country, from the Irish for R2 billion was only through funding from the Public Investment Corporation (PIC).
The company appeared before the Standing Committee on Finance (SCoF) on Wednesday to detail the facts of how its umbrella body, Sekunjalo Group, actually sealed a deal with the Irish media company, which was the owner of Independent Media in South Africa at the time.
Independent Media’s delegation included Sekunjalo’s executive chairman, Dr Iqbal Survé, chief operating officer Takudzwa Hove, editor-in-chief Aneez Salie, editor of The Star, Sifiso Mahlangu, and Daily News editor Ayanda Mdluli. ....

South Africa , Aneez Salie , Sifiso Mahlangu , Ayanda Mdluli , Sa National Editors Forum , Times Media Group , Media Consortium , Public Investment Corporation , Sekunjalo Independent Media Consortium , Sekunjalo Group , Standing Committee On Finance Sco , Independent Media , Standing Committee , Takudzwa Hove , Daily News , Independent Media Consortium , Editors Forum , Nic Dawes , ச தேசிய தொகுப்பாளர்கள் மன்றம் , முறை மீடியா குழு , மீடியா கூட்டமைப்பு , பொது முதலீடு நிறுவனம் , நின்று குழு ஆன் நிதி ஸ்கோ , சுயாதீனமான மீடியா , நின்று குழு , தினசரி செய்தி ,