The JSE says it had enough time to look at all the facts when it made its pre-listing assessment of the Iqbal Survé-linked companies Ayo Technology Solutions and Sagarmatha Technologies.
Browsing: Sagarmatha Technologies
Ayo Technology Solutions allegedly rushed the listing process due to fears that it would not be able to secure funds from the PIC after the ANC elected a new leader at its December conference.
After initially approving the controversial listing of Sagarmatha Technologies, a collection of small e-commerce companies huddled together with 55% of Independent Media, the JSE has rescinded its approval. According to the JSE
Sagarmatha Technologies will no longer list on the JSE after the Johannesburg bourse pulled the plug on the public debut. The company, whose assets include stakes in Independent Media and online retailer Loot