Morning clouds. Mild.
Iqbal Survé’s businesses seem uncomfortably incestuous, given that the Financial Sector Conduct Authority is investigating possible share manipulation at all three of his listed companies. amaBhungane's Dewald van Rensburg unpacks the potential red flags.
Ayo Technology Solutions Chief Investment Officer Abdul Malick Salie has resigned as an executive director with immediate effect, the company announced on Tuesday evening.
The Sekunjalo Group reacts to what it calls a "highly defamatory article" published in the Sunday Times about the PIC's investment in AYO Technology Solutions.
The JSE is probing the movement of funds between companies linked to businessman Iqbal Survé to determine if the transactions were in breach of listing requirements.
The former CEO of AYO Technology Solutions has testified that Iqbal Survé, the head of investment holding company Sekunjalo, interfered in the running of the technology company and issued an order to tamper with a financial report.
The Sunday Times cites emails, board meeting resolutions and voice recordings, which point to attempts to transfer huge parts of the R4.3bn from Public Investment Corporation out of Ayo's account into other companies owned by Surve.
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