Ayo Technology plunges almost 30% to record low

Iqbal Survé-linked Ayo Technology Solutions' share price slumped 29.45% to a record low on Tuesday morning, the first move in its price for more than a week, as the company continues to face scrutiny over alleged financial manipulation.

The move probably reflected that Ayo Technology was not faring so well in an ongoing inquiry into the affairs of the Public Investment Corporation , he said. The JSE has requested external audit opinions from both Ayo and African Equity Empowerment Investments , due to evidence presented in the PIC inquiry. AEEI holds 49.36% of Ayo, according to its website

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