Sagarmatha Technologies

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?