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PIC ignored alarm Ayo raisedThe PIC board, chaired by Deputy Finance Minister Mondli Gungubele, largely ignored the alarm raised by its internal audit unit about the R4.3 billion worth of Ayo Technology Solutions shares it had acquired The same Mondli who was so vocal during the Eskom inquiry 🤔 eish we are lead by hyena in sheep skin's I know the rapper 50 Cent has a song titled Ayo Technology. This is a sign corruption has gone overboard when they now look to itunes for company names
Source: City_Press - 🏆 7. / 72 Read more »
PIC auditing head Nemagovhani tasked to dig into Ayo transactionLufuno Nemagovhani has told the PIC commission of inquiry that he’s been tasked with investigating this R4.3 billion investment which resulted in two suspensions on Tuesday. can we trust the PIC to be investigating itself. Need an independent organisation to investigate
Source: ewnupdates - 🏆 30. / 53 Read more »
Dan Matjila responsible for disastrous Ayo investmentThe PIC's head of internal audit says Dan Matjila is responsible for the investment into Ayo Technolgy Solutions.
Source: BDliveSA - 🏆 12. / 63 Read more »
Daniel Matjila responsible for disastrous Ayo investmentThe PIC's head of internal audit says Dan Matjila is responsible for the investment into Ayo Technolgy Solutions. And Iqbal of course. We all knew why he ran into the sunset! He says the pre listing statement from Ayo was all the due diligence they needed hehehehehe
Source: BDliveSA - 🏆 12. / 63 Read more »
'Strange' that top PIC exec was suspended on eve of testimony - Fedusa’s Dennis GeorgeThe PIC’s head of listed investments, Fidelis Madavo, was suspended following a probe into the corporation's controversial R4.3bn investment in AYO Technology Solutions.
Source: News24 - 🏆 4. / 80 Read more »
A’yo goin’ down Dr Survé?The commission of inquiry into state asset manager the Public Investment Corporation has driven a spike through the heart of the PIC’s controversial R4.3bn investment in Ayo Technology Solutions. amaBhungane Slim vang sy baas bru !!
Source: News24 - 🏆 4. / 80 Read more »