Ayo technologies
PIC extends CFO Matshepo More's suspension
Matshepo More, who assumed the role of acting CEO while Dan Matjila was placed on suspension, was also suspended for interfering with the work of the commission...
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Ramaphosa set to act on PIC Inquiry revelations?
The testimonies of the PIC's suspended CEO Matshepo More and her predecessor, Dan Matjila, were pivotal to the work of the commission.
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PIC fires investment manager linked to R4.3bn Ayo deal
The asset manager said that Victor Seanie was found guilty of the disciplinary charges against him, which included breaching the PIC’s internal policies in investment decisions.
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Hands off Iqbal Survé, says ANC in WC
The party’s interim provincial convenor Ronalda Nolumango called for an end to what she said was a disinformation campaign against the Sekunjalo chairperson, saying that Survé was considered a friend of the party.
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FSCA confirms raid on Sekunjalo Holdings' CT offices
A report published by Independent Media, which is owned by Sekunjalo chairperson Iqbal Surve, stated the FSCA were there to probe allegations of irregular share trading against another of Survé's companies, Ayo Technology Solutions.
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Matjila set to continue testimony after PIC Inquiry given another extension
When he first instituted the commission, President Ramaphosa had given it until 15 April to submit a report but that was extended to the end of July. The commission has now been granted another extension to submit the final report at the end of October.
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GEPF satisfied with PIC's management of its assets, inquiry told
The Government Employee Pension Fund (GEPF)’s principal officer said the PIC had performed according to its mandate and delivered returns on investment.
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Government Employee Pension Fund was ‘not involved’ in Ayo deal
The PIC, which manages more than a trillion-rand of the GEPF funds, invested R4.3 billion in Ayo Technologies in December 2017.
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WATCH LIVE: Former CEO Dan Matjila faces PIC inquiry
Matjila is a controversial but pivotal character in investigations into the Public Investment Corporation (PIC) as he occupied the CEO position for almost four years.
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Former CEO Dan Matjila set to take stand at PIC inquiry
The inquiry into alleged impropriety has entered its seventh month, with shocking revelations about deals and procedures at the corporation.
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Sacked Fedusa boss Dennis George appealing ‘unfair’ dismissal
Former Fedusa general secretary Dennis George claims the presiding officer in his disciplinary process was biased.
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Dennis George dismissed from Fedusa following corruption probe
George was suspended from Fedusa in February as the PIC’s R4.3 billion investment in Ayo Technology came under scrutiny at the PIC Inquiry.
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Ayo exec should not be punished for telling truth – Judge Mpati
Senior executive Abdul Malick Salie gave evidence against the company's Iqbal Survé, claiming he instructed them to inflate the value of Ayo to attract investment from the PIC.
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Ayo valuation deliberately inflated before listing on JSE, PIC inquiry told
Salie said it was Sekunjalo chairperson Iqbal Survé who gave the instruction to inflate the value of the firm.
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Survé: All Ayo Technology's deals with PIC above board
A number of companies linked to Iqbal Survé that received billions in funding from the Public Investment Corporation (PIC) came under scrutiny on Wednesday at the PIC inquiry.
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Iqbal Survé: My life is in danger because I champion transformation in business
Survé made the comments at the inquiry looking into issues of governance at the Public Investment Corporation (PIC).
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Survé: Recordings of meetings with Ayo execs unlawful
The recordings provided to the Public Investment Corporation (PIC) inquiry allegedly reveal how Iqbal Survé and Ayo executives colluded to withhold crucial information from the PIC about the deal.
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PIC to continue plan to recover Ayo funds, says CIPC notice was irrational
The 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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PIC welcomes ruling setting aside CIPC order
The High Court in Pretoria ruled that the order, issued by the CIPC, compelling the PIC to recoup the money it invested in Ayo was unlawful.
