Last ditch effort buys Ayo a banking lifeline
The company has found an alternative payment provider after it warned of liquidation
30 April 2021 - 19:04
In a final throw of the dice, Ayo Technology Solutions, the listed IT holding company indirectly controlled by Iqbal Survé, has procured an alternative banking arrangement that will allow it to continue to trade, just a day before FNB was to close its last remaining transactional bank account.
The development will come as a relief to the company’s 1,200 employees, as Ayo previously said in court papers that if FNB closed its accounts it would cease operating and face liquidation...
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