SCoF hears how AYO became a victim of institutional actions

SCoF hears how AYO became a victim of institutional actions
Share
CAPE TOWN – JSE-listed Ayo Technology Solutions (AYO), on Wednesday told Parliament’s Standing Committee on Finance (SCoF) that the tech investment firm was a victim of several institutional actions, such as being unfairly censured with fines, which made no sense.
AYO chairperson Dr Wallace Mgoqi cited another example whereby the Companies and Intellectual Property Commission (CIPC), without any rational basis and precedent, had launched a litigation case against AYO. CIPC lost the case.
Mgoqi said that in the spirit of transparency, AYO had welcomed the commission of inquiry into alleged impropriety at the Public Investment Corporation (PIC) and had voluntarily sent executives to be fully transparent in their engagement with the commission, chaired by Justice Lex Mpati.

Related Keywords

Justice Lex Mpati , Wallace Mgoqi , Ayo Technology Solutions , Property Commission , Parliament Standing Committee On Finance Sco , British Telecom , Public Investment Corporation , Standing Committee , Intellectual Property Commission , Justice Lex , அயோ தொழில்நுட்பம் தீர்வுகள் , ப்ராபர்டீ தரகு , பாராளுமன்றம் நின்று குழு ஆன் நிதி ஸ்கோ , பிரிட்டிஷ் தொலை தொடர்பு , பொது முதலீடு நிறுவனம் , நின்று குழு , அறிவுசார் ப்ராபர்டீ தரகு , நீதி லெக்ஸ் ,