(1) In line with the Public Investment Corporation’s investment and due diligence processes, the Chief Executive Officer and other members of staff frequently meet with representatives of investee companies. Therefore, meetings were conducted between representatives of the PIC and Dr Iqbal Survé and other representatives of Independent News and Media South Africa (INMSA). The details of these meetings, however, are confidential.
(2) The PIC was approached to invest in Sagarmatha Technologies Limited but, following a thorough due diligence process, the PIC resolved not to invest in Sagarmatha Technologies Limited.