Latest News & Developments
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Why the Media Must Stop Misrepresenting Dr Iqbal Survé's Role in AYO
An analysis of Ann Crotty's article on AYO Technology Solutions reveals a troubling trend in South African financial media: the misrepresentation of Dr Iqbal Survé, highlighting the need for accurate and responsible journalism.
AYO Technology Solutions confirms delay in annual financial report
The South African ICT investment holding group expects the annual results out on about February 28.
Naspers' News24: The Place Where Apartheid Never Ended
Explore how Naspers’ News24 perpetuates apartheid-era narratives against independent black business leaders in South Africa.
AYO Technology Solutions delays annual results following auditor changes
AYO Technology Solutions, a JSE-listed ICT investment holding company, has postponed the release of its 2024 annual financial results to February 2025, citing auditor changes and internal appointments as key factors.
AYO Technology threatens legal action against minority shareholder's winding-up application
AYO Technology Solutions, a leading South African ICT investment holding group, strongly opposes a winding-up application filed by a minority shareholder holding just 0. 13% of shares. The company denounces the action as opportunistic and considers legal countermeasures for defamation, while assuring stakeholders of continued normal operations.
Karyn Maughan Continues Her Nazi-Propaganda-Style Reporting against Sekunjalo
The core question is whether Karyn Maughan’s unwavering slant towards the banks reflects her own ideological alignment or a wholesale inability to shake off deep-seated, possibly racial biases.
Dr. Iqbal Survé: Lessons from South Africa’s Billionaire Entrepreneur Who Built an Empire Against the Odds
Discover how Dr. Iqbal Survé's visionary leadership is reshaping South Africa's economic future as we transition into 2025.
The Egregious Financial Assault on Sekunjalo: A Call for Justice
Explore the alarming financial assault on Sekunjalo, where banking closures threaten the livelihoods of hundreds, raising critical ethical questions about legal practices and corporate responsibility.
AYO makes significant strides in cutting its losses
The decline in group revenue was due to lower revenue from the Managed services division, which is a major contributor.
Sizwe Africa IT sale of stake in Cyberantix free of related party interests in the transaction
At the time, shareholders were advised that the company would seek clarity from the JSE to obtain certainty regarding potential related party implications. The remaining 30% interest in Cyberantix is owned by NIL Data Africa
Sekunjalo: transforming South Africa's economy through black empowerment
Sekunjalo’s legacy lies not just in the businesses it has built but also in the lives it has touched and the future it continues to shape for South Africa and the continent.
Exposing Tim Cohen’s lies About AYO
In the end, what matters most is transparency and truth. Despite the relentless media campaign, AYO has not been found guilty of any wrongdoing, says the writer.
AYO shows promise: Interim results confirm the ICT group is back on track
ICT investment group Ayo Technology Solutions (AYO) shared its unaudited condensed consolidated interim financial results to 29 February 2024, late on Friday, with an improved performance that saw its share price increase as the market closed for the weekend.
Daily Maverick’s Moodley peddling lies to undermine Survé’s share buy-back
In my article, I was discussing the buy-back of Premier Fishing & Brands and African Equity Empowerment Investments (AEEI) and at no point did I refer to AYO. Moodley, for some nefarious reason, misrepresented my article.
South African billionaire Dr Iqbal Survé spends R700m of own funds on strategic buy-back
The strategic buy-back by Survé, who owns Independent Media, South Africa’s largest newspaper business, is set to send shockwaves through the nation’s economic landscape
Sekunjalo and its Subsidiaries Have the Right to Fight Against Economic Sabotage
These lawsuits brought by Sagarmatha and Sekunjalo against President Cyril Ramaphosa and his government are the last line of defence for Sekunjalo in the struggle for existence and justice, says the writer.
Jan Cronje and News24 Expose their Vindictive Propaganda when Reporting on Sekunjalo
The manner in which News24 reports on the companies linked to Dr Iqbal Survé raises questions about bias, fairness and their underlying motivations, says the writer.
AYO Technology Solutions ready to tackle the future
Overcoming significant challenges no corporate should face in South Africa, JSE-listed investment holding company Ayo Technology Solutions (AYO) reported lower profit in the year to end-August 2023, but generated a strong 28% increase in revenue, boding well for the future of the group’s technology stack.
AYO’s full year revenue climbs 28% to R2. 3bn after restructuring
AYO has been reconfigured into an investment holding company and trades through its portfolio of investments in various technology units.
SA’s big banks ignoring clients’ rights
The notion that the clients of the banks should go to the banks, cap in hand, and beg to do business with these institutions is best described as gobbledygook.
AEEI proposed de-listing: A dark day for BBBEE empowerment
On Monday AEEI said its decision was prompted by the recent unbundling of the group's investment in AYO and the proposed sale of a 30% stake in British Telecom SA by Kilomix, an AEEI wholly owned subsidiary, for R290 million
Justice should be blind in Sekunjalo’s case against banks
The case of South Africa’s Sekunjalo Group, its affiliated companies including Independent Media, and their much-maligned Group chairman, Dr Iqbal Survé, is emblematic of this predicament
Setting the record straight
OPINION: Ms Crotty’s agent provocateur-like musings should be seen as the meanderings of a mind bent on destroying value in one of South Africa’s first successful black-owned business ventures, and should be treated with the disdain they deserve.
AYO and Mustek alert market to irregularities at Sizwe Africa IT
AYO Technology Solutions (AYO) and Mustek Limited yesterday alerted shareholders to “certain irregular expenditure” that occurred in the year to August 2023 in Sizwe Africa IT Group (Sizwe) - both AYO and Mustek are major shareholders in Sizwe.
JSE censures AYO Technology Solutions director
Abdulla was claimed by the JSE to have breached AYO’s listing requirements regarding related party transactions and for his role in allegedly instructing adjustments to AYO’s 2018 interim financial statements.