Both companies were supposed to submit audited financials to the JSE by the end of 2019
Ayo Technology Solutions and its parent company African Equity Empowerment Investments , both controlled by business person Iqbal Survhave been censured by the JSE for not publishing audited financial statements within four months of their financial year-end.
In December AEEI and Ayo submitted reviewed results, which were overseen by the companies’ auditors, but not audited. A number of serious allegations were made concerning the manipulation of Ayo’s interim financial results for the six months to end-February 2018.
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