Suspended PIC exec blames ex-CEO Dan Matjila for controversial Ayo transaction PICInquiry
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AYO welcomes PIC inquiry, blames media for 'defamatory reporting'AYO Technology Solutions Limited welcomes the commission of inquiry probing allegations of impropriety in the PIC.
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PIC ignored alarm Ayo raisedThe PIC board, chaired by Deputy Finance Minister Mondli Gungubele, largely ignored the alarm raised by its internal audit unit about the R4.3 billion worth of Ayo Technology Solutions shares it had acquired
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PIC auditing head Nemagovhani tasked to dig into Ayo transactionLufuno Nemagovhani has told the PIC commission of inquiry that he’s been tasked with investigating this R4.3 billion investment which resulted in two suspensions on Tuesday.
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PIC failed to act on AYO Technology report, inquiry hearsThe PIC failed to act on findings made by its internal audit team of due diligence failings on the Ayo Technology Solutions transaction, Lufuno Nemagovhani told the judicial commission of inquiry into allegations of impropriety at the PIC.
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Dan Matjila responsible for disastrous Ayo investmentThe PIC's head of internal audit says Dan Matjila is responsible for the investment into Ayo Technolgy Solutions.
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Daniel Matjila responsible for disastrous Ayo investmentThe PIC's head of internal audit says Dan Matjila is responsible for the investment into Ayo Technolgy Solutions.
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In City Press Business: Transnet and a R4.2 billion Durban port tender, Davos, PIC and Ayo as well as ZimbabweIn City Press Business: Transnet and a R4.2 billion Durban port tender screw-up, what went down in Davos, How the PIC ignored Ayo alarm bells as well as why Zimbabwe is looking towards SA to help ease their economic crisis
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'Strange' that top PIC exec was suspended on eve of testimony - Fedusa’s Dennis GeorgeThe PIC’s head of listed investments, Fidelis Madavo, was suspended following a probe into the corporation's controversial R4.3bn investment in AYO Technology Solutions.
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A’yo goin’ down Dr Survé?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.
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