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FF Plus stops PIC/ Sagarmatha investment

After the questions that the FF Plus posed to the Public Investment Corporation (PIC) regarding a possible investment of public officials’ pension money in Iqbal Survé’s company, Sagarmatha, was met with silence last week, it has now come to light that an enormous investment was indeed in the pipeline.

According to a Netwerk24 report on Sunday there are documents that indicate that the PIC considered investing in the company and the PIC may very well be the investor that was willing to invest R3 billion in Sagarmatha so that the company could be listed on the JSE last Friday.

"The FF Plus strongly opposed this and came head to head with the PIC early last week. We addressed questions in writing to the PIC and insisted on answers regarding a possible investment,"says adv Anton Alberts, FF Plus Chairperson.

The party also made it very clear that it will take steps should the PIC intend to make such an investment.

According to the report, the PIC decided against the investment last week and the FF Plus welcomes this decision.

"The party will, however, not let the matter go and will keep asking the PIC to provide answers regarding the allegations made in the media report. The FF Plus will continue to act as guard dog of the PIC in order to protect public service officials’ interests and to expose and put a stop to dubious investments," says Alberts

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