Sekunjalo Investments
| Company type | Private |
|---|---|
| Industry | Diversified investments |
| Genre | Private Equity |
| Founded | May 1996 |
| Founder | Iqbal Survé |
| Headquarters | South Africa, Cape Town , |
| Subsidiaries | African Equity Empowerment Investments |
| Website | sekunjalo.com |
| Company type | Public (until April 2024); Private (April 2024 - present) |
|---|---|
| JSE: AEEI (delisted) | |
| Industry | Diversified investments |
| Genre | Private Equity |
| Founded | April 2015 |
| Headquarters | South Africa, , |
| Parent | Sekunjalo Investments |
| Subsidiaries | Bioclones (Pty) Ltd, Genius Biotherapeutics, Ribotech, espAfrika, Cape Town International Jazz Festival |
| Website | www.aeei.co.za |
Sekunjalo Investment Holdings (parent company of African Equity Empowerment Investments) is a South Africa-based private equity firm specializing in acquisitions, PIPEs, and buyouts. It has principal operations in publishing, Internet, fishing, healthcare, pharmaceuticals, telecommunication, financial services, aquaculture, biotechnology, enterprise development, events management, travel. The company was founded by Iqbal Survé and three others in 1996 with the aim of investing and assisting black-owned businesses. Sekunjalo has been involved in the Qatargate corruption scandal in the European Parliament after the Sekunjalo Development Foundation donated €250,000 to the lobbying group Fight Impunity which is accused of bribery.
In April 2015 all of Sekunjalo's investments except its 55% ownership in Independent Media SA was spun-off into a new company, still owned by Sekunjalo Investments, known as African Equity Empowerment Investments (AEEI).
The company is currently facing allegations of corruption and misappropriation of funds from the state-controlled Public Investment Corporation which manages assets on behalf of the Government Employees Pension Fund, leading major banks to cut ties.
In January 2024, the Johannesburg Stock Exchange (JSE) announced that AEEI, as well as its sister company and former subsidiary AYO Technology Solutions, faced possible suspension from the JSE for failing to submit annual financial statements within the stipulated 4-month period.
In February 2024, AEEI shareholders voted to delist from the JSE. The termination of being listed on the JSE was effective on 16 April 2024.