(c) Pavel Ignatov - 123RF.com
�� The PIC has confirmed it will not be investing in Iqbal Survé’s embattled tech start-up, Sagarmatha Technologies. https://t.co/7DgpKtFo00— Mail & Guardian (@mailandguardian) April 14, 2018
JSE pulls plug on Sagarmatha listing https://t.co/IyqYzXJwys— Business Day (@BDliveSA) April 12, 2018
Dr Survé did not borrow money from the PIC nor did the PIC lend any money to Dr Survé. The PIC also did not lend money to the Sekunjalo Group. To infer otherwise is highly defamatory. To reiterate, neither Dr Survé nor Sekunjalo Investments are in debt to the PIC. All of Independent Media’s debt is from shareholders, who collectively have a residual interest in the business.
This is a very different type of debt to that of a bank loan.
Independent Media, through Sekunjalo Independent Media (SIM), was included in the plans of Sagarmatha Technologies, to form part of the multi-sided platform (MSP) technology company's ecosystem which was to list on the JSE last week...
Independent Media 19 Apr 2018
RIP Sagarmatha— JSE School Bus (@JSE_School_Bus) April 11, 2018
Your non-listing on the JSE was a rare unifying event for all market participants
Now who has some AYO shares to lend out? pic.twitter.com/BkB8xKhCqq
Marc Hasenfuss article on aborted Sagarmatha listing in Business Times is what good financial journalism should be. Not previous hatchet like jobs of same issue I’ve read in previous days. Pity few good financial journalists around who are sober with facts— Sure Kamhunga (@sure_kamhunga) April 15, 2018
The more Iqbal Surve says about that joke Sagarmatha, the worse he makes it for himself. Here, he issues forth a spew of straight up lies and purposely misleading information: https://t.co/2wBViihxnn— Dirk de Vos (@DirkdeVos) April 17, 2018