Ayo swings into loss but proceeds with final dividend
Sales dropped 41% after it lost a lucrative contract with top client Sasol
30 November 2021 - 09:04
UPDATED 30 November 2021 - 18:43
Ayo Technology Solutions dished out more than R300m in annual dividends, much of which flowed to its indirect shareholder Iqbal Survé, even as the IT outfit missed out on the boom stemming from socially distant work, shopping and learning during the pandemic.
The thinly traded R1.4bn company, whose top shareholder is African Equity Empowerment Investments, which is controlled by Survé’s Sekunjalo Group, will pay out 95c in a total dividend in the year to end-August, slightly down from 100c doled out a year earlier. ..
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
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