Axed Fedusa head says workers can still benefit from AYO shares

2019-05-20 08:36

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.

Survé barking up the wrong tree with questions about AYO, says govt pension fund boss

2019-04-25 18:16

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.

R70m went to Survé-linked firms the day after AYO listed, PIC inquiry hears

2019-04-17 11:56

The former Chief Finance Officer at AYO Technology Solutions, Naahied Gamieldien, was testifying before the judicial commission of inquiry into the Public Investment Corporation.

Survé issued instruction to tamper with AYO interim financials - former executive

2019-04-09 06:00

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.

Claims of billion rand deals for friends, death threats and whistleblowers - the PIC inquiry so far

2019-04-08 06:00

From death threats and allegations of wrongdoing in billion rand investments, to the search for an anonymous whistleblower and the suspension of top officials, this is what the commission of inquiry into the Public Investment Corporation has heard so far.

Iqbal Survé's PIC evidence marked by poor memory and race

2019-04-02 20:10

From fixation with race to poor recollection of events that involved his interactions with PIC officials, businessperson Iqbal Survé’s submission before the inquiry into the affairs of the state-owned asset manager was an emotionally charged affair.

Watchdog's order for PIC to recoup R4.3bn from AYO declared unlawful, set aside

2019-03-26 10:33

The Companies and Intellectual Properties Commission's order issued to the Public Investment Corporation to recoup R4.3bn from AYO Technology Solutions has been declared unlawful by the Pretoria High Court.

Judgment reserved on AYO interdict against Commission

2019-03-20 21:28

Judgment has been reserved on an interdict being sought by AYO Technology Solutions against the Companies and Intellectual Property Commission.

PIC audit processes nothing but a show, inquiry hears

2019-03-13 13:53

Internal investigations at the PIC came to nought amid significant breaches and officials from the Auditor General were treated with contempt, the PIC inquiry has heard.

PIC: We are not 'collaborating' with AYO against companies watchdog

2019-03-11 19:28

The PIC says it is not "collaborating" with AYO Technology Solutions in opposing a compliance notice issued by the Companies and Intellectual Property Commission.


Ayo Chief Investment Officer resigns

2019-05-07 18:21

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 says staff that testify at PIC inquiry won't face repercussions

2019-04-17 19:29

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 denies financial filings were amended, vows to cooperate with JSE

2019-04-11 06:30

AYO Technology Solutions has denied its unaudited financials were amended, saying it is 'extremely perturbed' by allegations made by two former executives.

AYO worth only 5% of PIC valuation - former exec

2019-04-08 15:56

The former director at AYO Technology Solutions has told the PIC inquiry that he valued the company at R700m not the R14.8bn determined by the state-funded asset manager.

Gungubele not planning to respond to Survé's claims he wants to 'crush' Independent Media

2019-04-05 10:48

The deputy minister of finance is not intending to respond to allegations made by Independent Newspapers chairperson Iqbal Survé, who says ANC insiders told him Gungunbele had vowed to 'crush' the newspaper group for not 'toeing the line'.

Survé compares Sagarmatha to Uber, says it would have been valued at $10 billion

2019-04-02 15:54

The chairperson of Independent Media, Iqbal Survé, on Tuesday claimed that bad press from rival media houses scuppered the listing of Sagarmatha Technologies on the JSE and the NYSE.

UPDATE: PIC commission continues, AYO court judgment postponed by a day

2019-03-25 08:07

The North Gauteng High Court heard an urgent interdict last week by AYO Technology Solutions against the Companies and Intellectual Property Commission.

Deadline to recoup PIC investment in AYO extended to 60 days

2019-03-19 19:53

The Companies and Intellectual Property Commission and the Public Investment Corporation have reached an agreement to extend the deadline for the asset manager to recoup the R4.3bn it invested in AYO.

PIC liquidated stocks in order to fund AYO

2019-03-12 13:42

The PIC had to liquidate other assets in order to free up funds for the R4.3bn investment in AYO Technology Solutions, the PIC commission of inquiry heard on Tuesday.

READ: These are all the companies under investigation by market regulator

2019-03-06 16:09

Market regulator the Financial Sector Conduct Authority, has announced it is investigating 13 cases of possible insider trading, 14 of market manipulation and seven of false or misleading reporting at JSE-listed companies.

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