Investment by PIC into AYO remains viable | IOL Business Report

PRETORIA – The investment by the Public Investment Corporation into AYO Technology Solutions Limited was a viable investment and remains a viable investment, the PIC Commission of Inquiry was told Tuesday.

The commission heard that the relationship between AYO and BT was premised on the fact that AYO planned to subscribe for 99 percent of the issued shares of Kilomax Investments, which holds 30 percent of the issued shares of BT, post the listing. The JSE also received five submissions from AYO, the first of which was submitted to the JSE on November 10, 2017.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

GEPF was ‘uncomfortable’ with PIC’s Indy Media investment | Business | M&GAccording to an actuarial valuation prepared by Alexander Forbes Financial Services in November last year, the GEPF faces a record long-term funding shortfall of R583-billion, partly due to bad investment decisions.
La source: mailandguardian - 🏆 2. / 92 Lire la suite »

PIC inquiry hears how Matjila 'pushed' for merger of two companiesA businessman who had approached the PIC for funding was told his proposal needed to be split with an unknown entity.
La source: eNCA - 🏆 49. / 51 Lire la suite »