JSE fines Iqbal Survé-linked IT group AYO Technology R1.5m for disclosure failures | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

Iqbal Survé-linked IT group AYO Technology Solutions has been fined R1.5 million by the JSE for a series of disclosure failures related to how it engaged with shareholders over related-party transactions. | News24_Business

two former board members from acting as directors of listed companies for five years.

The report concluded that the R4.3 billion investment by the Public Investment Corporation in AYO demonstrated the"malfeasance of the Sekunjalo Group [and] the impropriety of the process and practice of the PIC". Following the release of the report, a number of banks started to close their accounts with Sekunjalo, citing reputational risk. But Sekunjalo also

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business 1.6 billion fine should have get them in-check but 1.6 million that's like giving 300 Rand's bail to millionaire with passports to go anywhere

_Business Fantastic! A once proud credible source of news from the 'old Star' now a pathetic embattled daily tabloid.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Rand holds on to gains while JSE gets a lift from precious metals stocksPlatinum miners buoyed by the stronger metals prices, while yen records its biggest one-day rise since 1998 and medium-term outlook for the rand remains bullish
Source: BDliveSA - 🏆 12. / 63 Read more »