A lengthier recession awaits if we don't take drastic measures to save the economy in a Covid-19 world, writes Mbhazima Shilowa.
AYO Technology Solutions managed to grow its headline earnings per share 11% amid a legal tussle with the Public Investment Corporation.
The Sekunjalo group responded by saying it had resolved to rotate auditors in any case to give work to black firms.
Dennis George’s dismissal comes after a suspension over his involvement in the imbroglio dogging AYO Technologies, which is also a prominent matter at the commission of inquiry into the Public Investment Corporation.
The future of Dennis George, the suspended general secretary of the Federation of Unions of SA will be decided on May 16, following a two-day disciplinary hearing at the union federation’s Roodepoort headquarters that concluded on Friday.
Iqbal Survé, founder and chair of the Sekunjalo Group, says he was shocked to hear how the media treated the general secretary of Fedusa who has been placed on special leave.
The commission of inquiry into state asset manager the Public Investment Corporation has driven a spike through the heart of the PIC’s controversial R4.3bn investment in Ayo Technology Solutions.
Dan Matjila bent over backwards to forgive all the debts owed by Iqbal Survé’s media group – and then some.
In a statement on Friday, Sekunjalo said the application for the raid was "entirely without merit and the judge that granted the request was "misled by the FSCA".
Accounting adjustments were made to reflect higher profits in AYO Technology Solutions' interim financial statements, the PIC commission of inquiry heard.
Trade union federation Fedusa announced on Thursday morning that it had placed its General Secretary, Dennis George, on precautionary suspension.
Trade union Fedusa has placed its general secretary on special leave pending a probe into the purchase of shares in AYO Technology Solutions.
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