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Court declares PIC compliance notice to recover R4.3bn from Ayo unlawful
In 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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Martinus de Jonge says Matjila moved him from his job without reason
Several witnesses have testified about Dan Matjila’s conduct and the pressure he exerted when it came to securing certain investments, especially, the AYO deal.
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PIC had to sell off shares to invest in Ayo, inquiry told
The Public Investment Corporation (PIC) commission of inquiry has heard about the urgency with which two investments were signed off, both owned by media mogul Iqbal Survé.
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Suspended PIC employee 'being used as scapegoat' for PIC, Ayo deal
Victor Seanie was suspended last week along with the head of listed investments Fidelis Madavo for their involvement in the R4,3 billion investment.
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Dan Matjila and Iqbal Survé were good friends, PIC inquiry hears
The investment into Media mogul Iqbal Survé’s Ayo Technology company has once again come under the spotlight at the PIC commission of inquiry.
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PIC failed to act when Ayo issues first raised, inquiry hears
On Wednesday, Lufuno Nemagovhani has told the PIC commission of inquiry that he raised a query in May about the manner in which the R4.3 billion deal was approved.
