Pretoria - Businessman Dr Iqbal Survé, testifying before the Mpati Commission of Inquiry into allegations of impropriety at the Public Investment Corporation (PIC) in Pretoria on Wednesday, said the entity must do more to transform the economy.
Survé, who is Executive Chairman of the Sekunjalo Group and a shareholder in companies including AEEI (African Equity Empowerment Investments), AYO Technology Solutions and Independent Media, was responding to a question from Emmanuel Lediga, an assistant to the commissioner Justice Lex Mpati. Lediga wanted to know if the investment of trade unions in Survé's companies had led to political pressure on the PIC.
Survé said his philosophy was to empower as many people as possible, including the workers of the country, hence the participation of trade unions.
“I have met numerous times with trade unions to talk about an African digital economy where Africans take control of their data and the economy so we can create jobs. Trade unions are important in terms of creating jobs. Through all of our companies we build social contracts with trade unions.”
Survé said this could be attributed to his background and his belief in stakeholder and inclusive capitalism.