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AYO to use third-party payment solutions after FNB account closures

Businessman Dr Iqbal Surve. (Photo by Gallo Images/Phill Magakoe) AYO Technology Solution says it will make use of alternative third-party payment solutions, once FNB closes its transactional bank accounts. AYO had lodged a legal challenge against FNB, but a court had struck it off the roll due to a lack of urgency. AYO s board met and will implement a seven-point plan to ensure the sustainability of the business in the coming months. AYO Technology Solutions says it will make use of alternative third-party payment solutions following the closure of its transactional bank accounts with FNB. AYO, which is linked to businessman Dr Iqbal Survé, who founded African Equity Empowerment Investments (AEEI) - one of its shareholders - previously said FNB did not provide reasons for the account closures.

South africaJohannesburg high courtAyo technology solutionsAfrican equity empowerment investmentsஜோகன்னஸ்பர்க் உயர் நீதிமன்றம்அயோ தொழில்நுட்பம் தீர்வுகள்

Ayo files an application to interdict FNB

Ayo files an application to interdict FNB PREMIUM By SISEKO NJOBENI - 16 April 2021 Ayo Technology Solutions, the company indirectly controlled by Iqbal Survé, has filed an urgent high court application to stop FNB from terminating its transaction banking facilities, Ayo said on Thursday evening. This article is reserved for DispatchLIVE subscribers. Get access to ALL DispatchLIVE content from only R45.00 per month. Already subscribed? Simply sign in below. Already registered on HeraldLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.

Ayo technology solutionsTechnology solutionsIqbal survComment policyHigh court applicationIqbal survéஅயோ தொழில்நுட்பம் தீர்வுகள்தொழில்நுட்பம் தீர்வுகள்கருத்து பாலிஸீஉயர் நீதிமன்றம் விண்ணப்பம்

FNB terminates Ayo Technology s banking facilities

FNB terminates Ayo Technology s banking facilities
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South africaAyo technology solutionsPublic investment corpSekunjalo investment holdingsFirst national bankSekunjalo groupNational bankIqbal survAfrican equity empowerment investmentsஅயோ தொழில்நுட்பம் தீர்வுகள்பொது முதலீடு கார்ப்முதல் தேசிய வங்கிதேசிய வங்கி

FNB terminates Ayo s banking facilities

MONEYWEB LIVESTREAM Seemingly without ‘valid reason’. 20:13 Open: Image: Moneyweb First National BankÂ has terminated the banking facilities it provides to Iqbal SurvÃ©âs Ayo Technology Solutions, Ayo said in a statement to shareholders after markets closed in Johannesburg on Thursday. âShareholders are advised that the companyâs current bankers, First National Bank, have given the company notice to close its transactional banking facility with effect from 3 May 2021,â it said, adding that it does not have any lending facilities with the bank. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

South africaAyo technology solutionsPublic investment corpSekunjalo investment holdingsFirst national bankSekunjalo groupIqbal survAfrican equity empowerment investmentsஅயோ தொழில்நுட்பம் தீர்வுகள்பொது முதலீடு கார்ப்முதல் தேசிய வங்கி

Absa does a Gupta on Iqbal Survé, cuts all ties

Gallo Images Absa has cut all ties with companies directly or indirectly controlled by Iqbal Survé s Sekunjalo Investment Holdings. The bank says keeping Sekunjalo companies as clients presents intolerable reputational, commercial, and legal risks . The decision was kept secret for seven months – until a chance remark in Parliament two weeks ago. Everything media mogul Iqbal Survé touches is anathema to one of South Africa s big four banks – the same bank that led the charge in cutting off the Gupta family from the banking system in 2016. AmaBhungane has established that on 27 August last year, Absa sent letters to every client directly or indirectly controlled by Survé s Sekunjalo Investment Holdings, giving 60 days notice of termination of services.

South africaAbsa janse van rensburgDan matjilaRushaan isaacsWebber wentzelMarthinus janse van rensburgWallace mgoqiJanse van rensburgSekunjalo investment holdingsFund managersPublic investment corporationAyo technology solutionsStock exchange news serviceJohannesburg stock exchangeCape high courtAbsa bank