Question NW1903 to the Minister of Finance
27 September 2021 - NW1903
Hill-Lewis, Mr GG to ask the Minister of Finance
What is the (a) current status of the Public Investment Corporation’s liquidation proceedings against Sekunjalo Independent Media and (b) cause of delay of the proceedings?
Reply:
a) The liquidation proceedings have been stayed and are pending before the Western Cape High Court, Cape Town.
b) In the course of the liquidation proceedings, certain factual allegations emerged that caused a factual dispute which could not be resolved on paper or affidavit in the application. This necessitated that the liquidation application be held in abeyance pending action proceedings, which were instituted for purposes of resolving the factual dispute.