Iqbal Survé

Iqbal Survé is a South African physician, philanthropist and entrepreneur. He is the Chairman of the Sekunjalo Investments,[1] and Executive Chairman of Independent Media, one of South Africa's largest media companies.

Early life

Survé was born in Cape Town in 1963[2] and graduated in medicine from the University of Cape Town.[1]

Relationship with Nelson Mandela

Survé claims a close relationship with Nelson Mandela,[1] and in 2014, a Leadership Platform article in Business Report (a paper owned by Survé's Sekunjalo group) stated that Survé had been Mandela's doctor "on and off Robben Island".[3] These claims have been disputed.[4]

Sekunjalo Investments
Main article: Sekunjalo Investments

Survé left medicine in 1997 to found Sekunjalo Investments, with the aim of investing and assisting Black-owned businesses, and in 1999 listed it on the Johannesburg Stock Exchange.[1][2] In 2013, Sekunjalo purchased a 55% stake in Independent News & Media SA, South Africa's second biggest newspaper group, from its international parent company, Independent News & Media.[5] The purchase was largely funded by a loan from the government-owned Public Investment Corporation which manages the Government Employees Pension Fund.[6] By 2018 a large proportion of the Public Investment Corporation's investment in Sekunjalo was written off.[7]

References
  1. "Dr Iqbal Survé". Sekunjalo Holdings. Retrieved 11 February 2019.
  2. Hill, Linda A; Stecker, Emily (April 2007). "Dr. Iqbal Survé at Sekunjalo Investment Group (A): Harvard Business School Case 407-019" (Revised March 2008 ed.). Harvard Business School. Retrieved 12 February 2019.
  3. Groenewald, Adriaan; Mnyandu, Ellis (13 February 2014). "The man who wants to change the world". Business Report. Retrieved 12 February 2019.
  4. Bell, Terry (30 June 2016). "The invisible Dr Survé". Retrieved 12 February 2019.
  5. "Sekunjalo finalises INMSA purchase". iol.co.za Website. Retrieved 21 August 2013.
  6. Myburgh, James (11 January 2015). "How independent is Independent News & Media? Not very ..." Rand Daily Mail. Retrieved 3 February 2016.
  7. de Vos, Dirk. "GEPF's R1bn Independent write-off, part of a bigger, Survé-sized problem". Daily Maverick. Retrieved 2019-01-09.



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