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Mail & Gaurdian
AYO TECHNOLOGIES

Editorial: What’s up with the doc?

​Iqbal Survé has been able to construct a business empire in the name of transformation

  • Editorial
2 min read
On Tuesday former PIC chief executive, Dan Matjila continued to deny the alleged “reign of terror” at the company during his tenure at its helm. (David Harrison/M&G)
AYO TECHNOLOGIES

Matjila: Leaks from the PIC ‘an inside job’

The former state asset manager CEO says the spreading of misinformation at the corporation was from inside its ranks

  • Thando Maeko
3 min read
Survé, testifying before the commission for two days last week, had said that AYO had done nothing wrong and the PIC’s R4.3bn investment was sound.(Lerato Maduna/Gallo)
AYO TECHNOLOGIES

Ayo financial tampered with on Survé’s instruction, says ex-chief exec

​Former AYO Technology Solutions CEO, Kevin Hardy, has testified that businessperson Iqbal Survé interfered in the running of the technology company

  • Sibongile Khumalo
3 min read
The commission, chaired by Justice Lex Mpati, has heard of the close relationship between former PIC CEO Dan Matjila and businessman Iqbal Surve, who holds an indirect stake in Ayo. (David Harrison/M&G)
AYO TECHNOLOGIES

PIC commission to continue as key Ayo repayment court order expected

Key judgement affecting Surve-linked Ayo is set to be handed down on Monday, as PIC witness identities kept under wraps due to safety concerns

  • Tehillah Nieselow
2 min read
Former PIC chief executive Dan Matjila. (David Harrison/M&G)
AYO TECHNOLOGIES

How PIC officials managed ‘forced’ exposure to Survé deals

Investment team member testifies about Ayo and Sagarmatha transactions as having come from CEO Matjila

  • Tebogo Tshwane
4 min read
How did a relatively unknown businessman and soccer club owner from Limpopo gain an inside track with Africa’s largest pension fund administrator and its chief executive, Dan Matjila (pictured)?
AYO TECHNOLOGIES

PIC going after R4.3-billion paid to Ayo

The Public Investment Corporation (PIC) has distanced itself from any notion that it is working with Ayo Technology Solutions

  • Tebogo Tshwane
3 min read
The head of listed investments Fidelis Madavo and assistant portfolio manager Victor Seanie were suspended in January after an interim report found that they blatantly flouted the governance and approval processes of the PIC. (eNCA screenshot)
AYO TECHNOLOGIES

Senior executives implicated in irregular Ayo transaction still at PIC

At least eight people have been implicated in breaching processes in the irregular R4.3-billion Ayo deal but only two people have been suspended

  • Tebogo Tshwane
4 min read
Dr Iqbal Survé. (Lerato Maduna/Foto24)
AAISHA DADI PATEL
Audio

Listen: I’m an underdog person says Survé

In conversation with Mail & Guardian editor Khadija Patel last week, Iqbal Survé insisted that everyone who is critical of him has been unfair.

  • Aaisha Dadi Patel
2 min read
Former PIC chief executive Dan Matjila. (David Harrison/M&G)
AYO TECHNOLOGIES

Cracks appear in the PIC

The first week of PIC hearings was expected to be tame, but that was quickly overtaken by startling developments

  • Tebogo Tshwane
4 min read