WATCH: Survé back in PIC hot seat

Businessman Iqbal Survé is testifying at the Commission of Inquiry into the Public Investment Corporation.

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JOHANNESBURG - Businessman Iqbal Survé is testifying at the Commission of Inquiry into the Public Investment Corporation.  

Survé got a chance to tell his side of the story after a number of companies he is involved in were scrutinised at the inquiry.  

WATCH: Iqbal Survé testifies at PIC inquiry

He claims that his company Sagarmatha didn't end up listening on the JSE not because of capital issues, but because of bad media coverage.

Survé also testified that his relationship with Dan Matjila, former CEO of the PIC, had nothing to do with the PIC investing in Ayo Technology.

Previous testimony revealed how Ayo Technology only got R4.3-billion funding because of the pair's relationship.

READ: AYO Technology compliance notice set aside

But Survé says he doesn't have -- what he calls the "white networks" -- like others, and counted on Matjila in a professional manner.

Survé will take the stand again when the inquiry resumes on Wednesday.

Businessman Iqbal Surve is testifying at the Commission of Inquiry into the Public Investment Corporation.

Source
eNCA