AYO investment was set to change ICT sector landscape – Dan Matjila | IOL Business Report

CAPE TOWN – Erstwhile chief executive of the Public Investment Corporation , Dr Dan Matjila, on Monday described the asset manager’s investment into AYO Technology Solutions as a long-term investment that would change the landscape in the information and communication technology sector.

He said that even the decline in the listed company’s share price was not a reflection of its value. “That is why I am saying that money is there, it’s a matter of how you apply it going forward, it’s not lost. The share price that you see of R8 a share does not reflect the value that sits within the company. It reflects the noise, the hype and all the negative reports around AYO, as opposed to the intrinsic value that sits within the company,” said Matjila.

Matjila emphasised that what was key, was that money was not disappearing in this investment as the shareholders were still in control of how it should be spent.

And he was the CEO 😂😂😂😝😝😝😂😂😂. Can they please appoint people in future that have some inclining of business facepalm

Nxa bloody looting

Riiight

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Solidarity to take further action against former Eskom boss Molefe | IOL Business ReportSolidarity said it would take comprehensive steps to bring former Eskom chief executive Brian Molefe to account over his ... busrep Rub it in
Source: IOL - 🏆 46. / 51 Read more »

WATCH: Rand tests the R15.30 mark | IOL Business ReportGet the latest market update and top stories from our newsrooms across South Africa, Africa and the world.
Source: IOL - 🏆 46. / 51 Read more »