Former AYO exec Nodwele testifies before #PICInquiry | IOL Business Report

PRETORIA – The PIC Commission of Inquiry into impropriety at the Public Investment Corporation , continued in Pretoria on Monday with former AYO Technologies Solutions executive, Siphiwe Nodwele, giving testimony about his time at the technology group.

Nodwele is a former employee of EOH holdings, which has been implicated in a number of corruption scandals that saw its share price plummet to record lows over the last few years. He also claimed that the board was not independent and that there had been a complete breakdown in a relationship between AYO executives and AEEI executives.

In a statement, Mgoqi said Nodwele and Hardy were aggrieved that they had to report to AYO’s chief investment officer, Abdul Malick Salie. Information from the company suggests that when the AYO board was reconstituted, at the insistence of the PIC to reduce the influence of AEEI and Sekunjalo, the new chairperson of the board, Mgoqi, insisted that the two executives sign a conflict of interest policy statement and indicated that due to their forcibly trying to get AYO to acquire overvalued companies, they should subject themselves to a forensic inquiry, in particular for one company.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Former AYO exec Nodwele testifies before #PICInquiry | IOL Business ReportNodwele gave evidence in front of retired Judge Lex Mpati, about his version of events that led to his resignation at AYO.
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »

#PICInquiry: 'AYO a victim of a smear campaign' | IOL Business ReportDr Iqbal Survé told the Mpati Commission of Inquiry there was nothing wrong with AYO and its operations.
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »

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.
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »

Matjila will have to explain Ayo Technologies deal: Surve - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Chairperson of Independent Media and head of the Sekunjalo Group, Iqbal Surve says he was not aware that the Public Investment Corporation (PIC) did not follow due diligence when the Ayo Technologies deal was concluded.
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »

#PICInquiry: Asset manager indicated resistance to BT deal | IOL Business ReportDr Iqbal Survé, when making his submission to the commission said this was conveyed to the company by former AYO executive, Kevin Hardy.
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »