Fedusa acts against Dennis George over his acquisition of Ayo shares

The general secretary of Fedusa is accused of acquiring the shares through his company, Difeme, which received pre-listing Ayo shares at R1.50 compared with the R43 a share paid by the PIC

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The PIC invested R4.3-billion in Ayo Technology Solutions, when AYO initially listed on the JSE in December 2017, despite an internal view that the company was overvalued.
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