PRETORIA – The Compliance Notice issued by the CIPC against the board of directors of the Public Investment Corporation to recoup the R4.3 billion investment it made into AYO Technology Solutions back in 2017 has been declared unlawful by Judge Cornelius van der Westhuizen, at the North Gauteng High Court.Delivering judgment at the North Gauteng High court on Tuesday,
Granting an order, van der Westhuizen said: “The Compliance Notice issued by the respondents on February 21, 2019 to the applicants is declared unlawful and of no force or effect. The Compliance Notice is set aside.” He also dismissed the counter application launched by the CIPC with costs in favour of both the PIC and AYO Technology Solutions.
Ayo I thought it's some girl called Ayanda also known as Ayo. 😬😬😒
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PIC given more time to recoup R4.3bn Ayo investmentEvidence leader advocate Jannie Lubbe told the Mpati commission that the CIPC has agreed on an extension of the time limit for the PIC to recoup the irregular R4.3-billion paid to Ayo Investment Technology from 15 days to 60 days.
Source: mailandguardian - 🏆 2. / 92 Read more »
AYO, PIC and CIPC in courtroom showdown | IOL Business ReportIn two separate cases held at a joint sitting in front of Judge Cornelius van der Westhuizen, the CIPC faced off with the PIC, judgement on Monday.
Source: IOL - 🏆 46. / 51 Read more »
Surge in fuel prices hikes February's consumer inflation to 4.1% | IOL Business ReportSouth Africa’s consumer inflation inched up to 4.1 percent in February from 4 percent in the previous month on the back of a surge in fuel prices.
Source: IOL - 🏆 46. / 51 Read more »
JUST IN: PIC board suspends acting CEO Matshepo More | IOL Business ReportMore has been in the media recently after being implicated in corruption by a whistle-blower, who goes by the pseudonym James Nogu/Noko. Watch them blame it on apartheid, my fok Marelize Spring cleaning About bloody time.😐😐😐
Source: IOL - 🏆 46. / 51 Read more »
Google fined $1.7bn for search ad blocks in third EU sanction | IOL Business ReportGoogle was fined €1.49 billion (R24bn) on Wednesday for blocking rival online search advertisers.
Source: IOL - 🏆 46. / 51 Read more »
‘Construction mafia hijacks projects worth billions of rands’ | IOL Business ReportYunus Bayat warned that the hijacking of billions of rands worth of projects in the sector would undermine confidence and destabilise the industry. busrep This is an indictment on this useless ANC gov.... 1. They cannot keep law & order.. 2. They allowed patronage & favoritism in awarding tenders over the years... 3.They can’t control their own corrupt politicians... 4. They have no clue on how to protect developmental projects..
Source: IOL - 🏆 46. / 51 Read more »