JSE wants answers from AYO eNCA
has been asked by the Johannesburg Stock Exchange to look at its interim results.Two former executives testifiedSiphiwe Nodwele and Kevin Hardy were instructed to move over R400-million into the account for 3 Laws Capital, owned by media mogul Iqbal Survé.
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Ayo financial tampered with on Survé's instruction, says ex-chief execFormer Ayo CEO Kevin Hardy has testified that Iqbal Survé interfered in the running of the technology company and issued an order to tamper with a financial report.
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Former AYO exec Nodwele testifies before #PICInquiry | IOL Business ReportNodwele gave evidence in front of retired Judge Lex Mpati, about his version of events that led to his resignation at AYO.
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PIC inquiry hears how Ayo executives were instructed to move R400mTwo former executives at Ayo Technology Solutions explained how Iqbal Survé was the ultimate decision-maker despite only being a shareholder.
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WATCH: Can the PIC inquiry unravel the Ayo riddle?Business Day journalist Warren Thompson talks to Business Day TV about Ayo Technology, its executives and its relationship with the PIC
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Survé issued instruction to tamper with AYO interim financials - former executiveThe 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.
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How Survé’s Ayo rushed listing over ‘fears’ Ramaphosa would win at NasrecWitnesses before the commission say Survè was afraid that he would not have influence over the PIC and its funds after the Nasrec conference.
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Business Maverick: Ayo Ex-CIO Says South African Company Is Partly IllegitimateAyo Technology Solutions Ltd. is at least partly an illegitimate business and has fabricated financial statements even while securing a R4.3-billion investment by the Public Investment Corporation, according to Ayo’s former chief investment officer.
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Ayo shares at historic low as former head of investment testifiesSiphiwe Nodwele told the inquiry into the affairs of the PIC that the technology company had been grossly overvalued
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Iqbal Survé & Co reap more Ayo ‘profits’Ayo Technology Solutions, the company tied to mogul Iqbal Survé, that controversially received R4.3 billion from the Public Investment Corporation (PIC), will dramatically hike its dividends even though profits are still mostly derived from interest on the PIC’s cash.
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Former AYO exec Nodwele testifies before #PICInquiry | IOL Business ReportPICInquiry: In another message to IqbalSurve, former AYO executive Simphiwe Nodwele says: “Hi Doc, hope you are enjoying the long weekend. How are you keeping up with all this bullshit? I would have a few body bags by now.”
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