Ayo Technology Solutions, the listed technology company indirectly controlled by businessman Iqbal Survé, has ramped up its interim dividend despite incurring losses for the six-months to end-February.

The company announced via a Sens statement on Tuesday that it will increase its interim dividend by 86% to 65c per share for the period, amounting to a gross dividend of R223.6m. The majority of the dividend (R111.5m) will accrue to entities such as Ayo’s parent company, African Equity Empowerment Investments (AEEI), that is also indirectly controlled by Survé...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now