Public Investment CorporationBusiness Day this week broke the news that the PIC had been instructed by the Companies and Intellectual Property Commission to recoup the money, which should not have been invested to begin with.
Another use of the PIC cash was paying transaction fees related to Ayo’s listing on the JSE of R78 million.All told and excluding the dividend, this left Ayo with the same R4.3 billion in the bank at the end of August last year. Ayo has denied this, and its prelisting statement produced in 2017 showed far higher revenue in 2015, 2016 and 2017 of nearly R500 million.
The shares were evidently bought from another company – Miramere Investments – with Altini as the sole director.The JSE data show that, up to January, the majority of trades in Ayo shares have been made by companies controlled by Survé himself.
In the old days we would have said lieg,brek en steel ,die is a water slams
Still want to know what the Koran says about s Muslim that deals like this man ,the love of man ,
Literally can't wait for Iqbal to get what's coming to him 👍
Amazing how we now talk of billions as it is small change. Thanks ANC😳
Then surve must sell all his companies...PAY BACK DA MONEY😡😡😡😡😡
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