How Surv News Today

Audited financial statements for Ayo Technology Solutions were released just before Christmas last year, announcing exciting new investments in cutting-edge technology ventures. A close reading, however, reveals new aspects of Iqbal Survé’s empire and how it is keeping afloat. The R4.3-billion in pension fund money that the Public Investment Corporation (PIC) controversially invested in Ayo three years ago is being steadily dispersed across his existing businesses and to shareholders – bef...