Home Business and Technology JSE wants answers from AYO Technology

JSE wants answers from AYO Technology

Johannesburg Stock Exchange

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.

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