PRETORIA – AYO Technologies is a victim of a politically- and racially-driven smear campaign aimed at collapsing it.
Survé said that contrary to media reports, AYO was profitable, its share price was performing and that the PIC money had been used for its intended purpose. “If BT could develop a structure with a true, black-empowered ICT partner, not fronting, it could benefit from an extended seven-year contract being awarded at Sasol.”
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Investment by PIC into AYO remains viable | IOL Business ReportPIC into AYO was a viable investment and remains a viable investment, the PIC Commission of Inquiry was told on Tuesday.
Source: IOL - 🏆 46. / 51 Read more »