PHOTO: Gallo Images/Jacques Stander
Staff at the Public Investment Corporation had no opportunity to study IT group AYO's pre-listing statement before R4.3 billion was invested in the company six years ago, an ex-manager has said. "I didn't have time to read it," former PIC assistant portfolio manager Victor Seanie told the Western Cape High Court on Wednesday.
Seanie was giving evidence for a second day in the PIC's court bid to compel AYO to return the funds – plus interest – it received from the PIC in late 2017. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
JanTamb _Business Propaganda machine. Stellenbosch puppet. Stratcom24
JanTamb _Business Political interference and corruption allowed this.
JanTamb _Business 🙄🙄🙄😭😭😭🙆♂️🙆♂️🙆♀️noooo my pension money is gone, thanks to Zuma, dondo and the former Pic directors...
JanTamb _Business There we go again, we are about to be donwgraded under Cyril it has nothing to do with state capture or Jacob Zuma, so you must go dig up something to distract is you bunch of rubbish
sszonke JanTamb _Business Wow!!!
JanTamb _Business No ways that PIC would invest so much money without the risk investment managers looking at the deal go sale this story to pre school kids
JanTamb _Business Thief
JanTamb _Business Ayo was making money and is a great return on investment. You just hate Dr Surve.
CoruscaKhaya JanTamb _Business How come you clowns didn't tell us what did the investment team at PIC, do before they gave that thug Markus Jooste billions at Steinhoff? Voetsek maan with your selective amnesia!
JanTamb _Business I'm doubt that's a good enough excuse for the PIC saying it's all AYO's fault, but do carry on 🙄
Sverige Senaste nytt, Sverige Rubriker
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