Justice prevailed in AYO vs PIC case, says Dr Iqbal Survé

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Iqbal Survé, chairman of the Sekunjalo Group, welcomed the outcome of the court case between the Public Investment Corporation (PIC) and AYO Technology Solutions Limited, in which both parties reached a settlement. PICvAYO

Since the report was published in 2020, several major banks had closed the accounts of entities in the Sekunjalo stable, citing fear of reputational damage based on the unfavourable media reports.

He added: “It puts an end to the propaganda and disinformation campaign. And we welcome the opportunity that the court gave to present the facts, as opposed to all the slander and defamation from the detractors, who deliberately misled the public.“ On Friday, the PIC released a statement saying the resolution was in the best interests of their stakeholders and would give AYO a chance to create growth in the ICT sector.

The source said the PIC had voted against some of the resolutions at AYO’s annual general meetings over the last few years, thus allowing the PIC to continue to exercise negative control of AYO.

 

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IqbalSurve tell us the details! Why is it a secret? Its other peoples money, grannies!!! But you can make a secret deal and nothing happens! PayBackTheMoney ! Julius_S_Malema why are you so quiet about this? CyrilRamaphosa ? This is wrong.

Public sector unions, this failing will be on your heads. It's your members' money! You don't need the law to change to do your oversight work. Use the PAIA if you have to. SadtuNational NEHAWU SAFTU_media wearesapu

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