Browsing: Ayo Technology Solutions

Ayo valuation ‘stretched’ to meet Survé’s demands

“Stretched”, “thumb-suck” and “manipulation” were among the words used at the judicial commission of inquiry into the Public Investment Corp to describe the informal pre-listing valuation carried out by Ayo Technology Solutions executives.

PIC board quits as scandals mount

The Public Investment Corp’s board of directors offered to resign amid an inquiry into allegations of wrongdoing, throwing the South African manager of more than R2-trillion deeper into crisis.

The fuss over Ayo Technology

The Public Investment Corp and African Equity and Empowerment Investment Group, Sekunjalo’s listed vehicle, value Ayo Technology Solutions at a healthy R14.8bn. The market values it at R11.3bn, which, while substantially