Ayo Technology Solutions

Will Independent sink with Survé?

About 1 500 media workers may lose their jobs if Iqbal Survé cannot service his companies’ debts

Dennis George ‘shocked’ in the wake of Fedusa sacking

The federation’s former general secretary has been implicated in a dodgy Ayo listing deal which he claims is a ‘deliberate misrepresentation’

Adjusted Ayo finacial statements being audited, PIC inquiry hears

The ICT company has denied wrongdoing, however, the JSE has ordered an audit of the financial statements

Boards can’t simply quit en masse

Any decision by directors to leave as a bloc has consequences that go beyond issues of liability

Ayo financial tampered with on Survé’s instruction, says ex-chief exec

​Former AYO Technology Solutions CEO, Kevin Hardy, has testified that businessperson Iqbal Survé interfered in the running of the technology company

Survé set to testify at PIC inquiry

Survé is expected to testify after Kuben Naidoo, the deputy governor of the South Africa Reserve Bank

PIC commission to continue as key Ayo repayment court order expected

Key judgement affecting Surve-linked Ayo is set to be handed down on Monday, as PIC witness identities kept under wraps due to safety concerns

PIC given more time to recoup R4.3-bn Ayo investment

The CIPC has agreed on an extension of the time limit of that notice from 15 days to 60 days

Sagarmatha offered PIC cut-price deal, inquiry hears

When asked whether this was ethical, Lebogang Molebatsi said, unless the arrangement was disclosed to other shareholders, “it would not be correct”.

How PIC officials managed ‘forced’ exposure to Survé deals

Investment team member testifies about Ayo and Sagarmatha transactions as having come from CEO Matjila

PIC liquidated stocks to finance R4.3bn Ayo investment

Former chief executive Dan Matjila is alleged to have instructed the liquidation of stocks to settle the subscription of Ayo shares

PIC going after R4.3-billion paid to Ayo

The Public Investment Corporation (PIC) has distanced itself from any notion that it is working with Ayo Technology Solutions

Latest

Democracy will flounder sans Stats SA

As the government bails out state-owned entities, it is leaving a hole in the budget of the agency tasked with telling us what South Africa looks like — one that is crucial to government decisions

The Facebook group taking on South Africa’s white right

Online battle over the ‘white genocide’ narrative on social media has dangerous real-world consequences

Trolley tender causes Acsa eruption

Stolen contract exposes rift in the senior ranks at the state airport’s management companies

Press Releases

Over R400-m given to businesses since launch of three-minute overdraft

The 3-minute overdraft radically reduces the time it takes for businesses to have their working capital needs met

Tourism can push Africa onto a new path – minister

The continent is fast becoming a dynamic sought-after tourist destination

South Africa’s education system is broken and unequal, and must be fixed without further delay

The Amnesty International report found that the South African government continues to miss its own education upgrading targets

Business travel industry generates billions

Meetings Africa is ready to take advantage of this lucrative opportunity

Conferences connect people to ideas

The World Expo and Meetings Africa are all about stimulating innovation – and income

SAB Zenzele Kabili B-BBEE share scheme

New scheme to be launched following the biggest B-BBEE FMCG payout in South Africa’s history

Digging deep

Automation is unstoppable, but if we're strategic about its implementation, it presents major opportunities

TFSAs are the gymnasts of the retirement savings world

The idea is to get South Africans to save, but it's best to do your research first to find out if a TFSA is really suited to your needs