JSE fines Iqbal Survé-linked IT group AYO Technology R1.5m for disclosure failures | Business

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Iqbal Survé-linked IT group AYO Technology Solutions has been fined R1.5 million by the JSE for a series of disclosure failures related to how it engaged with shareholders over related-party transactions. | News24_Business

two former board members from acting as directors of listed companies for five years.

The report concluded that the R4.3 billion investment by the Public Investment Corporation in AYO demonstrated the"malfeasance of the Sekunjalo Group [and] the impropriety of the process and practice of the PIC". Following the release of the report, a number of banks started to close their accounts with Sekunjalo, citing reputational risk. But Sekunjalo also

 

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_Business 1.6 billion fine should have get them in-check but 1.6 million that's like giving 300 Rand's bail to millionaire with passports to go anywhere

_Business Fantastic! A once proud credible source of news from the 'old Star' now a pathetic embattled daily tabloid.

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