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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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WATCH LIVE: Former Ayo board member gives insight into PIC investment
Former Ayo board member Abdul Malik Salie gives evidence at the PIC inquiry on the inner workings of the firm and the investment deal with the Public Investment Corporation.
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WATCH LIVE: Sakhumnotho's Sipho Mseleku responds to BEE claims at PIC Inquiry
Sakhumnotho chairperson Sipho Mseleku is giving evidence at the PIC Inquiry.
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Western Cape ANC to return Iqbal Survé's R1m election donation
According to the ANC, the money was to be used for transporting voters to the polls.
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Understaffing putting PIC at risk, says legal exec
Head of legal services at PIC Lindiwe Dlamini detailed how the corporation lost billions of rand after it failed to protect its investment when it bought shares at scandal-hit Steinhoff.
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PIC lost billions buying into Steinhoff without following procedure - Dlamini
The PIC spent R9.3 billion in the venture five months before the collapse of the international retailer.
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Reinstated PIC secretary considers legal action over suspension
Bongani Mathebula was suspended last year for misconduct after she allegedly leaked confidential information to a whistle-blower.
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Dan Matjila overstepped his authority by suspending me - PIC secretary
PIC company secretary Bongani Mathebula was accused of leaking confidential PIC information to an alleged whistle-blower but has since been reinstated.
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Lebashe Investment’s Mahloele to take Holomisa to court over PIC claims
UDM leader Bantu Holomisa has accused Lebashe and Harith General Partners of unduly benefiting from the Public Investment Corporation (PIC).
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Lebashe, Harith deny allegations of receiving PIC money unlawfully
Tshepo Mahloele on Tuesday responded to claims made by UDM leader Bantu Holomisa who testified at the PIC inquiry.
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Holomisa refuses to back down on Lebashe-PIC corruption allegations
The UDM leader on Monday was cross-examined at the PIC inquiry by Lebashe’s lawyer who has accused him of defaming his clients of corruption and wrongdoing without evidence.
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WATCH LIVE: Holomisa back in PIC inquiry hot seat
UDM leader Bantu Holomisa returns to the PIC inquiry where he continues giving testimony on the claims of impropriety at the Public Investment Corporation.
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JSE wants Ayo to open books to external auditors after tampering claims
The move comes after allegations emerged at the Public Investment Corporation (PIC) commission of inquiry that Ayo Technology Solutions tampered with its financials to inflate profits.
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Holomisa accused of using PIC inquiry for own political agenda
UDM leader Bantu Holomisa was cross-examined on Wednesday on claims that Lebashe Investment Group unlawfully received money from the Public Investment Corporation.
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Holomisa wants PIC inquiry to probe Lebashe, Harith proximity to Matjila
The UDM leader was cross-examined at the inquiry on Wednesday following his open letter to the president in which he accused the investment companies of being 'in bed' with the former PIC CEO Dan Matjila.
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Gill Marcus concerned about extent of PIC damage caused by Steinhoff collapse
The PIC bought shares worth R9.3 billion off Steinhoff through a loan with black empowerment company Lancaster 101 in 2016.
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R9.3bn loan to Lancaster 101 for Steinhoff shares above board - PIC official
The loan was approved by former CEO Dan Matjila long before revelations of the fraud scandal that led to the collapse of Steinhoff.
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PIC inquiry to hear both sides when JSE testifies on Survé listing claims
Businessman Iqbal Survé claims media group Tiso Blackstar and news channel eNCA lobbied to force the JSE to cancel the listing of his company Sagarmatha Technologies.
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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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Sekunjalo’s Survé blames 'smear campaign' for failed Sagarmatha listing
In 2018, Sagarmatha Technologies failed to list on the Johannesburg Stock Exchange after it was unable to secure R3 billion from the Public Investment Corporation.
