Outgoing chair of SA chapter of BRICS Business Council hails achievements

Published 30 October 2019, by an ANA reporter

CAPE TOWN – The outgoing chair of the South African chapter of the BRICS Business Council, Dr Iqbal Survé, has hailed the achievements of the chapter which included the very successful hosting of the annual meeting which took place in KwaZulu-Natal earlier in the year.

In a statement on behalf of the outgoing BRICS Business Council, Survé, also chairman of the Sekunjalo Group, described it as an “honour and a privilege” to have served the country through the Council “and for me to have had the opportunity to lead it during the last year”.

“During this time, we have worked collaboratively to build the BRICS Business Council and have developed close ties with our colleagues in the BRICS countries, as a result.”

The BRICS nations comprise of Brazil, Russia, India, China and South Africa.

Survé thanked all outgoing members of the South African BRICS Business Council for their “unwavering commitment and dedication to serving their country through the Council”.

Please read the full article here:

Sagarmatha or virtual colonisation: It is time to set the record straight

Published 23 October 2018, by Dr Iqbal Survé

CAPE TOWN – In the week that President Ramaphosa is to host the SA Investment Conference, there are typically a number of media releases about investments in the manufacturing and mining sectors.

What South Africa needs right now is investment into the technology and services sectors. With its vast pool of unemployed young people, South Africa cannot afford to miss investing in these sectors.

This is our opportunity to skill up young people to participate in the technology revolution otherwise called the Fourth Industrial Revolution (4IR).

A few months ago, Sagarmatha Technologies was approved for listing on the JSE as the first African unicorn multi-sided platform (MSP) company.

Approval occurred after a rigorous eight-month process of engagement with the JSE. Sagarmatha was planning to raise R7.5 billion and was successful in commitments of R4bn from local and international investors.

Read the full article here:

,

The hypocrisy and lies of Business Day

Published 19 October 2018, by Dr Iqbal Survé

Tiso Blackstar’s Business Day could by all accounts be considered irrelevant due to its small daily circulation of approximately 20 000 nationally.

It is therefore easy to dismiss Business Day’s rantings and media manipulation as insignificant especially when compared to the reach of Business Report (BR) in the Independent Media stable, which has more than 1.5 million daily readers.

Why then would I write this opinion piece? Well, Tiso Blackstar and its Sunday publication, Sunday Times have recently been under the spotlight, especially after its editor, Bongani Siqoko, bravely apologised for their shameful violation of the press code and media manipulation on several matters including the so-called SARS “rogue unit”.

Subsequently three prominent journalists were named, including the editor of the Financial Mail, Rob Rose, who, it has been hinted, was either paid or manipulated, to write negative stories. This manipulation and fake news presented by Sunday Times, Financial Mail and Business Day can be regarded as part of a deep rotten culture.

Evidence of Tiso Blackstar’s hypocrisy is clear to see beyond the Sunday Times’s well reported accusations and manipulations. The Steinhoff debacle, for instance, is reported but covered with kid gloves by Tiso Blackstar and Business Day.

If anything, it is reported with a deferential attitude to the individuals involved. A second example is their reporting on the South African Post Office, which in its last financial year lost R978 million. Now if the Post Office was run by a black executive it would most certainly have been headlined with article after article screaming about the incompetence of the executive in charge.

A different standard is applied to white companies as opposed to black companies.

Reporting on white companies is always qualified with an excuse, while black companies are treated with contempt, disdain and suspicion. Let’s look at Tiso Blackstar. Formerly Johnnic and Times Media Group, it proved to be a task beyond even (now President) Cyril Ramaphosa and Tokyo Sexwale to transform this business.

In the case of Mvelaphanda, these businesses cost them billions and the current management and journalists have overseen the destruction of shareholder value, including a PIC loss of R7bn a few years ago. None of this is reported on by Business Day.

Perhaps it is because, according to well-placed sources at Tiso Blackstar, white management and journalists are paid more and given bonuses at the expense of black journalists. Business Day has a particular way of portraying black executives and black companies.

As an example, for many months, Business Day ran frontpage headlines about the PIC’s CEO, Dr Dan Matjila, who was allegedly in a romantic relationship with a woman called Pretty Louw despite Dr Matjila going on record in parliament denying any relationship.

Yet Business Day journalist, Carol Paton, rehashed this repeatedly in the Goebbels tradition of propaganda, revealing her bias towards a faction that wants Matjila removed for their own nefarious purposes. The recent Budlender report found unequivocally that Dr Matjila did not have a romantic or inappropriate relationship with Ms Louw.

Please read the full article here:

AYO set to join big players in line to bid for share of 4G spectrum

Published 18 October 2018, by Banele Ginindza, Business Report

JOHANNESBURG – AYO Technology Solutions (AYO), the largest black-empowered JSE-listed ICT group in the country, yesterday looked set to join the big wireless operators in bidding for a share of the licensing of spectrum in the 700MHz, 800MHz and 2.6GHz bands when they are put on auction by the end of March.

This follows Minister of Telecommunications and Postal Services Siyabonga Cwele last week confirming that 4G spectrum would be put on the auction block to existing telecoms wireless operators as well as black economic empowerment participants.

Cwele said the government was working on a March 31 deadline to put up the 4G spectrum on auction, while it worked towards a 5G spectrum availability by 2020.

Icasa (Independent Communications Authority of South Africa) spokesperson Palesa Maleka also confirmed that various options of disposing of the 4G/LTE technology were being looked at.

Wireless carriers such as Vodacom and MTN have frequently taken the government to task for lack of the sale of spectrum, which they claim hinders their growth.

 Please read the full article here:
,

Stimulus will only work if capital invests in Fourth Industrial Revolution platforms

Published 18 October 2018, by Dr Iqbal Survé

President Cyril Ramaphosa has called the South African Investment Conference for October 25-27, 2018. The investment conference will hopefully attract solid investments into the South African economy.

With the low GDP growth of our economy, we need investments to fulfil the social mandate of the ruling party and government, to the majority of South African citizens.

South Africa’s high unemployment rate makes it imperative that we attract investment that should also result in further initiatives to reduce unemployment and inequality.

In China, investment under Deng Xiaoping after 1987 led to economic growth and almost 600 million people out of poverty.

More importantly, China has emerged as an industrialised economy and moved from a low-income country to a middle-income country.

What has perhaps not been noticed is that China is now on a par with the US in terms of the 4IR and platform initiatives or companies.

Many experts on the 4IR argue that China is on the verge of surpassing the US in the areas of Artificial Intelligence and Robotics.

South Africa has a young population and the South African economy is increasingly digitalised. Disruption is occurring at every level in the South African economy, whether it is in the banking sector, retail, media or even in the large-scale mining and industrial economies.

Please read the full article here:

Challenges of Universal Health Coverage will be great, but not insurmountable

Published 10 October 2018, by, Dr Iqbal Survé

Johannesburg – The topic of Universal Health ­Coverage (UHC) is a weighty one, even more so in the African context, given the challenges and opportunities that arise in implementing it.

The high personal cost to citizens, who must pay excessive fees for quality health-care services, is well known, and the point of UHC is to prevent financial hardship. It is a worthy and noble goal, which we need to strive for.

There is a significant body of research into this subject, and there are many learned colleagues, including academics, health care workers and public servants, who are grappling with this matter in depth.

My remarks, which reflect on some key learnings in the global context, will hopefully contribute to taking the agenda forward on the implementation of UHC in Africa.

Please read the full article here:

Private sector, civil society vital for achieving Universal Health Coverage

Published 09 October 2018, by Rabbie Serumula, The Star

The third Africa Health Business Symposium was a key platform to discuss integration of Universal Health Coverage (UCH).

Dr Iqbal Survé, Chairperson of Sekunjalo Investment Holdings was a keynote speaker. The Symposium was held at Hyatt Regency in Rosebank.

Integration of UCH as a goal in the national health strategies of African countries is becoming increasingly critical as the continent continues to bear the highest disease burden, an increasing population and the lack of a health workforce to meet healthcare demands.

Please read the full article here:

AYO Technology to acquire controlling interest in Sizwe Africa IT for R165 million

Published 11 September, by a staff writer

AYO Technology, previously Sekunjalo Technology Solutions, has entered into a binding offer to acquire a controlling interest in Sizwe Africa IT.

AYO Technology has entered into an agreement with Loxisource and Alexisource, to acquire 55% of the share capital of Zaloserve from Loxisource and Rev Vukile Mahana. Zaloserve is an investment holding company that holds a 100% shareholding in Opiwize, which in turn holds a 100% shareholding in Sizwe.

The purchase price for the 55% interest in Zaloserve is R165 million, based on an equity value of R300 million for Zaloserve.

Please read the full article here:

Sekunjalo Delft Music Academy students to showcase musical prowess

Published 24 August 2018, by an entertainment reporter

Cape Town – The second annual Sekunjalo Delft Music Academy (SDMA) showcase will take place on Saturday at Rosendaal High School.

This will see students from the music academy taking the stage in front of their family, friends and other music lovers in the Delft community.  Many of the students will be performing for the first time.
As an essential part of the Sekunjalo Delft Big Band Non-Profit Company (NPC), the SDMA gives the youth of Delft and its surrounding areas the opportunity to learn how to read music and play a musical instrument.
The NPC is funded by Survé Philanthropies, which, among other things, provides the students with musical instruments.
Please read the full article here:

BRICS Business Council agreed to ensure greater economic ties – Survé

Published 27 July 2018, by an ANA Reporter

JOHANNESBURG – Representatives from Brazil, Russia, India, China and South Africa who held a BRICS Business Council meeting ahead of the group’s main summit agreed on the importance of ensuring greater economic, trade and investment ties, current council chairman Dr Iqbal Survé said.

Survé, the executive chairman of the Sekunjalo Group, told the BRICS Summit in Johannesburg on Thursday that three major focus areas identified were fostering entrepreneurship among the youth, skills development for the 4th Industrial Revolution as well as agriculture and food security.

The 4th Industrial Revolution refers to the fourth major industrial era since the initial one of the 18th century, marked by emerging technology breakthroughs in robotics, artificial intelligence, blockchain, nanotechnology, quantum computing, biotechnology, The Internet of Things, 3D printing and autonomous vehicles.

BRICS Business Council initiatives including the establishment of the BRICS Credit Rating Agency and a new international payment system were also discussed at length, Survé in a presentation to the summit, which was attended by the leaders of all five BRICS member states.

Please read the full article here: