Iqbal Surve

R7.3 billion

value of cases implicated in

Subject of legal proceedings related to Ayo and other Sekunjalo entities. Multiple Sekunjalo companies in business rescue. Independent Media editorial integrity destroyed under his ownership.

The Record The Evidence How This Person Hurts You Career Timeline Network The Case Files

The Record

Chairman of Sekunjalo Holdings and Independent Media. Primary beneficiary of the PIC scandal — his entities received R7.3B+ from pension funds at inflated valuations. Used PIC-funded Independent Media as a propaganda platform for ANC factions while attacking journalists investigating the corruption. Deployed "white monopoly capital" conspiracy defence. Multiple Sekunjalo entities in business rescue by 2024.

The Evidence

Cases documented

Career Timeline

Party: ANC · Status: Private Sector

How This Person Hurts You

Pain points driven by the 2 case(s) Iqbal Surve is implicated in.

Weak RandWhy your money buys less Empty PromisesWhy no one goes to jail

Career Timeline

2013ChairmanIndependent Media (Pty) Ltd2013-08 – presentappointed

1997Executive ChairmanSekunjalo Holdings / Sekunjalo Group1997-01 – presentappointed

Network

01Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

02Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

03Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

04Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

05Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

06Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

07Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

08Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

09Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

10Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

11Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

12Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

13Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

14Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

15Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

16Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

17Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

18Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

19Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

20Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

21Daniel (Dan) Matjilabusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

22Daniel (Dan) Matjilabusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

Implicated In

Cases where Iqbal Surve is documented as perpetrator, enabler, beneficiary, orchestrator, political protector, accused, or convicted.

01PIC Corruption: R7.3 Billion in Irregular Pension Fund InvestmentsAlleged Beneficiary2017financial sectorR7.3 billion in irregular investments (R4.3B Ayo alone)NotedExecutive Chairman of Sekunjalo Holdings. Primary beneficiary of R7.3B+ in PIC investments through multiple entities. Used PIC-funded Independent Media as propaganda platform. Deployed "white monopoly capital" deflection.

02Independent Media and PIC Capture: R4.3 Billion Ayo Investment LostAlleged Beneficiary2017media captureR4.3 billion (Ayo investment)AdmittedExecutive Chairman of Sekunjalo Holdings. Used personal friendship with PIC CEO to channel R6-7 billion in state pension money to his entities. Used PIC-funded Independent Media as propaganda platform. Press Council found titles advanced Sekunjalo's corporate interests.

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Implicated In

PIC Corruption: R7.3 Billion in Irregular Pension Fund Investments

R7.3 billion in irregular investments (R4.3B Ayo alone)

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