Fears about Minister Dlodlo weren't unfounded. Six months into the job, she's been accused of issuing illegal interception orders, writes Adriaan Basson.
Dr Iqbal Survé is blaming Pravin Gordhan for the raid on his office.
The FSCA on Wednesday raided the Cape Town offices of Survé to collect evidence for a market abuse case.
Technology firm warns of its “imminent demise” if the PIC’s R4.3-billion claim succeeds – but finds it hard to answer some allegations.
The former head of the PIC says he was removed from his job so politically connected people could influence the fund's investment decisions.
According to its latest statement, AYO believes its August 2018 audited results will not have to be restated.
The Public Investment Corporation and the Government Employees Pension Fund have served AYO Technology Solutions summons, seeking a court to order that it pay back R4.3bn, including interest.
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.
Ayo Technology Solutions Chief Investment Officer Abdul Malick Salie has resigned as an executive director with immediate effect, the company announced on Tuesday evening.
AYO Technology Solutions says it is "utterly dismayed" by the implication that its employee Naahied Gamieldien may face internal company repercussions for testifying at the commission of inquiry into the Public Investment Corporation.
AYO Technology Solutions has denied its unaudited financials were amended, saying it is 'extremely perturbed' by allegations made by two former executives.
A Western Cape High Court judge has taken the unusual step of making a public statement to deny a claim made by businessman Iqbal Survé that he is a friend of the DA and Minister of Public Enterprises Pravin Gordhan.
Iqbal Survé has alleged a conflict of interest on the part of financial regulator the FSCA.
Dan Matjila has testified that he would have called an extraordinary general meeting to "remedy" problems at JSE-listed IT group AYO Technology Solutions if he were still head of the PIC.
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 Technologies says its interim financial statement for the year ended February 28 show that profit after tax decreased, after the company was ordered by the JSE to conduct a review of its earnings.
AYO chair Wallace Mgoqi said through the statement that the company was innocent of all allegations leveled against it during the commission.
Dennis George, the dismissed general secretary of Fedusa, has responded to his axing by saying that the trade union federation can still benefit by taking up shares in IT company AYO Technology Solutions.
The GEPF had no reason to update Sekunjalo executive chair Iqbal Survé about the way in which the PIC handled its investment in AYO, head of the fund Abel Sithole told Fin24.
The former Chief Finance Officer at AYO Technology Solutions, Naahied Gamieldien, was testifying before the judicial commission of inquiry into the Public Investment Corporation.
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.
Western CapeThe Building Company
Cape TownCA Financial AppointmentsR480 000.00 - R600 000.00 Per Year
Western CapeLiberty Financial Advisers
R 1 885 000
R 3 395 000
R 4 899 000
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