The officials were Abdul Malick Salie, the former chief investment officer at African Equity Empowerment Investments and former CFO for AYO, as well as another AYO CFO, Naahied Gamieldien.
Salie was briefly AYO’s CFO in 2019. The JSE fined him R250 000. AYO, on the other hand, was fined R6.5 million in 2020 for the publication of those results, which contained material errors. The JSE said on Tuesday that it had fined AYO’s other former CFO, Naahied Gamieldien, R250 000 for breaching listing requirements, specifically with regards to payments involving boutique asset management company, 3 Laws Capital, which was expected to manage funds for the tech firm. Sekunjalo was the majority shareholder of 3 Laws at the time.
_Business Has that crook Iqbal Survé not been arrested yet? South African judiciary is broken for people who steal for the African National Congress.
_Business Fines are not enough.
_Business So what is it that you're trying to say exactly? 🤔🤔🤔