Ayo Technology expects its full year profit to triple🔒
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Ayo Technology expects its full year profit to tripleThe company controlled by Iqbal Survé will increase profits by over 200% for the year ending February 2019.
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PIC and Ayo Technology win case as attempts to recoup R4.3bn declared unlawfulThe CIPC's case against PIC and AYO Technology Solutions was dismissed with costs.
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AYO Technology compliance notice set asideRegulators wanted Ayo to repay nearly R4.3-billion, within a matter of weeks.
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Order for PIC to recoup R4.3bn is set aside, but it isn’t exactly an Ayo victoryA court ruling on Tuesday set aside a controversial compliance notice against the Public Investment Corporation to recover R4.3 billion from Ayo Technology Solutions, but without hearing the merits of Ayo’s application.
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PIC to continue plan to recover Ayo funds, says CIPC notice was irrationalThe PIC said it agreed that it had to recover its losses and would continue with its plan to recover the invested funds without delay.
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JUST IN: AYO wins R4.3bn repayment case | IOL Business ReportJudge van der Westhuizen ruled that the compliance notice issued on February 21 to the PIC should be set aside.
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Court declares PIC compliance notice to recover R4.3bn from Ayo unlawfulIn February, the Companies and Intellectual Property Commission issued the order to the PIC to retrieve all the money invested in Iqbal Survé’s Ayo Technologies.
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Court victory for Ayo in PIC R4.3bn repayment caseThe Companies and Intellectual Properties Commission (CIPC) order issued to the Public Investment Corporation (PIC) to recoup R4.3-billion from Ayo Technology Solutions has been declared unlawful by the Pretoria high court.
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PIC welcomes court ruling on AYO Technology’s R4.3bn debtThe PIC had asked the high court to set aside the notice, saying the CIPC did not give it adequate time to comply
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PIC commission to continue as key Ayo repayment court order expectedThe judicial commission of inquiry into state-run asset manager the Public Investment Corporation (PIC) is set to continue today, while a key court judgement affecting Ayo Technology Solutions will also be handed down.
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