#PICInquiry: 'AYO a victim of a smear campaign' | IOL Business Report

📆 2019/04/03 18:16:00
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PICInquiry: 'AYO a victim of a smear campaign' busrep

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.
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#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.
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#PICInquiry: Sagarmatha listing scuppered by various players acting in bad faith | IOL Business ReportSurvé believed that various entities such as, the CIPC for reasons he believes were deceitful, were part of the reason why the deal fell through. busrep Sounds like bullshit to me.
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#PICInquiry: Iqbal Survé slams SA’s BEE model as a farce | IOL Business ReportDr Iqbal Survé, the chairman of Sekunjalo Group, has slammed South Africa’s black economic empowerment model, saying it is fundamentally flawed busrep After BEE -ing 'Surve-d' nicely, now how convenient of Iqbal to label BEE a farce.
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