South Africa: Alien vs Predator 2.0 - Guptas Fire R1 Billion Salvo At Iqbal Survé and Former PIC Boss Dan Matjila

analysis

The Gupta-owned Oakbay Investments has resuscitated a civil claim against businessman Iqbal Survé, as well as his companies, and now also targets former PIC boss Daniel Matjila, whom it alleges colluded with Survé to block it from clinching a stake in Independent Media.

While SA Inc hounds remnants of the Gupta empire for State Capture loot, the family has fired an audacious R1-billion lawsuit at its one-time business partner Dr Iqbal Survé and former Public Investment Corporation boss Dr Daniel Matjila.

Oakbay Investments - the only Gupta entity not currently in business rescue - claims that Survé and his companies Sekunjalo Investment Holdings and Sekunjalo Independent Media had colluded with Matjila to unlawfully deprive them of taking up a 50% stake in the company that owns titles including The Argus, The Star and the Cape Times.

The case draws Survé and Matjila into a common battle against the Guptas, who are now living in self-imposed exile in Dubai.

It comes as the family's once cash-hungry empire takes centre stage in corruption investigations by the State Capture Commission, the Hawks and the National Prosecuting Authority. Survé's own PIC-funded deals, including the acquisition of the newspaper company, are under the microscope at...

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