Latest News & Developments
The South African ICT investment holding group expects the annual results out on about February 28.
Explore how Naspers’ News24 perpetuates apartheid-era narratives against independent black business leaders in South Africa.
AYO Technology Solutions, a JSE-listed ICT investment holding company, has postponed the release of its 2024 annual financial results to February 2025, citing auditor changes and internal appointments as key factors.
AYO Technology Solutions, a leading South African ICT investment holding group, strongly opposes a winding-up application filed by a minority shareholder holding just 0. 13% of shares. The company denounces the action as opportunistic and considers legal countermeasures for defamation, while assuring stakeholders of continued normal operations.
The core question is whether Karyn Maughan’s unwavering slant towards the banks reflects her own ideological alignment or a wholesale inability to shake off deep-seated, possibly racial biases.
Discover how Dr. Iqbal Survé's visionary leadership is reshaping South Africa's economic future as we transition into 2025.
Explore the alarming financial assault on Sekunjalo, where banking closures threaten the livelihoods of hundreds, raising critical ethical questions about legal practices and corporate responsibility.
The decline in group revenue was due to lower revenue from the Managed services division, which is a major contributor.
At the time, shareholders were advised that the company would seek clarity from the JSE to obtain certainty regarding potential related party implications. The remaining 30% interest in Cyberantix is owned by NIL Data Africa
Sekunjalo’s legacy lies not just in the businesses it has built but also in the lives it has touched and the future it continues to shape for South Africa and the continent.
In the end, what matters most is transparency and truth. Despite the relentless media campaign, AYO has not been found guilty of any wrongdoing, says the writer.
ICT investment group Ayo Technology Solutions (AYO) shared its unaudited condensed consolidated interim financial results to 29 February 2024, late on Friday, with an improved performance that saw its share price increase as the market closed for the weekend.
In my article, I was discussing the buy-back of Premier Fishing & Brands and African Equity Empowerment Investments (AEEI) and at no point did I refer to AYO. Moodley, for some nefarious reason, misrepresented my article.
The strategic buy-back by Survé, who owns Independent Media, South Africa’s largest newspaper business, is set to send shockwaves through the nation’s economic landscape
These lawsuits brought by Sagarmatha and Sekunjalo against President Cyril Ramaphosa and his government are the last line of defence for Sekunjalo in the struggle for existence and justice, says the writer.
The manner in which News24 reports on the companies linked to Dr Iqbal Survé raises questions about bias, fairness and their underlying motivations, says the writer.
Overcoming significant challenges no corporate should face in South Africa, JSE-listed investment holding company Ayo Technology Solutions (AYO) reported lower profit in the year to end-August 2023, but generated a strong 28% increase in revenue, boding well for the future of the group’s technology stack.
AYO has been reconfigured into an investment holding company and trades through its portfolio of investments in various technology units.
The notion that the clients of the banks should go to the banks, cap in hand, and beg to do business with these institutions is best described as gobbledygook.
On Monday AEEI said its decision was prompted by the recent unbundling of the group's investment in AYO and the proposed sale of a 30% stake in British Telecom SA by Kilomix, an AEEI wholly owned subsidiary, for R290 million
The case of South Africa’s Sekunjalo Group, its affiliated companies including Independent Media, and their much-maligned Group chairman, Dr Iqbal Survé, is emblematic of this predicament
OPINION: Ms Crotty’s agent provocateur-like musings should be seen as the meanderings of a mind bent on destroying value in one of South Africa’s first successful black-owned business ventures, and should be treated with the disdain they deserve.
AYO Technology Solutions (AYO) and Mustek Limited yesterday alerted shareholders to “certain irregular expenditure” that occurred in the year to August 2023 in Sizwe Africa IT Group (Sizwe) - both AYO and Mustek are major shareholders in Sizwe.
Abdulla was claimed by the JSE to have breached AYO’s listing requirements regarding related party transactions and for his role in allegedly instructing adjustments to AYO’s 2018 interim financial statements.
Claims by Sactwu general secretary Andre Kriel that he was misled into signing a subordination agreement, may hold no water as Kriel repeatedly told the court that he did not read the documents in thorough detail