‘We are prepared with our capital base to support black business’ – Dr Iqbal Survé


JOHANNESBURG, March 2 – Chairman of Sekunjalo Investments Holdings and Executive Chairman of Independent News Media, Dr Iqbal Survé, on Friday said that Sekunjalo with its capital base is prepared to support black business.

“We, as Sekunjalo, practically, and I am saying this on a public platform today, so that black business comes together, there is a 4G and 5G spectrum coming out. We are prepared with our capital base to support black business coming together to take part ownership of these spectrums,” Survé told the Black Business Council Summit in Gallagher Estate in Johannesburg.

“Through AYO Technologies, we will set aside at least R1,5 billion towards a spectrum for black business to work together.”

Survé said that he would also use his e-commerce company, Loot, to put black businesses on its platform and this will be subsidised by Sekunjalo to the extent of 75 percent for three years

“Through Independent Media we want to work with the black business council to make sure that black business is able to get profiling and advertisements in all of our 20 titles. Independent Media is the biggest media house in the country and people forget that. I want to give black business a 75 percent discount to the advertising rate only for black business in South Africa,” Survé added.

He said all the things he promised to provide to the Black Business Council could be taken into the black business community by the council. (ANA)