Ayo’s cash is disappearing fast
According to financial results for the year ending August, Ayo’s cash balance fell by R628m during the year
20 December 2019 - 18:29
Iqbal Survé-controlled Ayo Technology Solutions’ cash balance is declining at a rapid rate according to financial results for the year ending August published on Friday.
Ayo’s cash balance fell by R628m during the year, from R4.3bn at the end of 2018, to R3.68bn at the end of this financial year. During the year, cash generated from operations fell by 35% to R88.9m, yet the company paid R223m in dividends...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.