The proposal to lower Sagarmatha’s pre-listing share price was not supported by the PIC’s investment team
Attempts to have the PIC invest in the company were allegedly a means to protect the controversial media owner’s feelings
When asked whether this was ethical, Lebogang Molebatsi said, unless the arrangement was disclosed to other shareholders, “it would not be correct”.
Investment team member testifies about Ayo and Sagarmatha transactions as having come from CEO Matjila
The PIC is struggling to retain skilled investment professionals due to non-competitive salaries and management meddling in investments
The company’s share price has settled at around R28, a drop of 38% from the R45 a share the PIC paid
Last Friday, several titles in the Independent stable published front-page reports, with a “Staff Writer” byline, that smeared journalists
Media professionals have come out defending themselves on allegations labelling them "Stratcom" agents
This is the second time in as many weeks that prominent journalists have been called “Stratcom agents” without any proof
Sagarmatha Technologies has punted itself as the next tech giant – in the same vein as Amazon and Google
Iqbal Survé says his unicorn was tripped up by the big bad wolf of procedure in its quest to become SA’s next tech giant
Up until now, it was understood that Sagarmatha had the green light to list on the JSE
Analysts doubt the listing of media assets will succeed. But will the PIC provide the funds?