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PIC battles Ayo in court over 'positive misrepresentations' that led to its R4.3bn investment

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Sekunjalo Group's Ayo says if investment is set aside by the court it will mean “the inevitable and imminent demise of Ayo”.

It was because of fraudulent “positive misrepresentations” by Ayo Technology Solutions the PIC had invested R4.3bn in the company in 2017, the PIC said in court papers...

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Bye bye. You won’t be missed

No one will miss Ayo….

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