Technology company AYO and the Public Investment Corporation (PIC) have settled their legal dispute through mediation in a deal in which the PIC will get paid around R600-million of its original R4.3-billion investment for 5% of the company’s shares, ...
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PIC and Ayo reach settlement in battle over 'positive misrepresentations' on R4.3bn investmentThe Public Investment Corporation (PIC) and AYO Technology Solutions have reached a settlement over 'positive misrepresentations' that led to a R4.3bn investment controversially being scored by AYO in December 2017.
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PIC and Ayo reach settlement in battle over 'positive misrepresentations' on R4.3bn investmentPIC and Ayo reach settlement in battle over 'positive misrepresentations' on R4.3bn investment: The Public Investment Corporation (PIC) and AYO Technology Solutions have reached a settlement over 'positive misrepresentations' that led to a R4.3bn…
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JUST IN | Iqbal Survé-linked IT group AYO reaches settlement with PIC | BusinessThe court battle between state-owned asset manager the Public Investment Corporation and IT group AYO has been settled after lawyers for the two sides clinched a confidential deal. | News24_Business
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Ayo forecasts were ‘unrealistic and fanciful’, claims expertAyo Technology Solutions’ plan to capture as much as 8% of South Africa’s ICT market was not without substance. But at least one expert claims its revenue forecasts were more than a little overblown. If true, this may strengthen the PIC’s R4.3bn claim against the company
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Power cuts have reduced potential size of SA economy by a fifth, PIC saysBlackouts have reduced the potential size of South Africa’s economy by almost a fifth since they started being imposed around 2008, according to an energy specialist at Africa’s biggest fund manager. Moneyweb PowerCuts
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Power cuts reduced potential size of SA economy by a fifth, says PICProblem should have been fixed in 2008, says Public Investment Corporation energy specialist
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