AYO Technology has been asked by the Johannesburg Stock Exchange (JSE) to look at its interim results.
It emerged at the PIC inquiry that AYO Technology inflated its profits
Two former executives testified how they were informed to go to an executive’s house and inflate AYO’s profits.
Siphiwe Nodwele and Kevin Hardy were instructed to move over R400-million into the account for 3 Laws Capital, owned by media mogul Iqbal Survé.
The JSE has been summoned to testify at the PIC inquiry.
The commission wants to know about the JSE’s last-minute decision not to list Sagarmatha Technologies.
Also you may like…2 die following a land invasion fight in Rust Ter Vaal, south of Joburg
Emfuleni Local Municipality in Gauteng has said that it regrets the loss of life following incidents of violence in Rust Ter Vaal earlier on Wednesday morning in which two people died in clashes, allegedly between security agency the Red Ants and land invaders in the area.
The R82, an arterial road linking Vereeniging to Johannesburg, remains closed due to the public unrest…Read more here