Ayo Technology Solutions, the company indirectly controlled by businessman Iqbal Survé, continues to utilise the cash provided by the Public Investment Corporation’s (PIC) questionable investment in the company for a range of activities, including the payment of outsize dividends. 

This emerged earlier this week after the publication of Ayo’s 2020 audited annual financial statements for the year-ending August 2020, which saw revenue rise 47% to R2.88bn...

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