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The JSE has levied a fine of R1.5 million on Iqbal Survé-linked AYO Technology Solutions for a series of disclosure failures, including related to related-party transactions, which is now enforceable after a suspension application was dismissed on Wednesday.
Ayo’s share price tanks by more than 20% on the news.
The two were found to have breached some of the exchange’s listing requirements.
On 17 October, News24 editor-in-chief Adriaan Basson mentioned businessman Iqbal Survé in a column titled "Democracy dies when institutions don't stand up to rogue leaders". This is Survé's right to reply.
He had a number of solos and brought the night to a close, after 50 Cent finished the show with two encores, one lasting some 30 minutes.