The commission of inquiry into impropriety at the Public Investment Corporation (PIC) on Monday looked at whether Ayo Technology benefited unduly from PIC investments. The testimony from Independent Media chair Iqbal Survé, who owns a large portion of Ayo via Sekunjalo Group, has resulted in the JSE being summoned to the inquiry on account of the JSE’s decision not to list his IT business, Sagarmatha. Business Day journalist Warren Thompson, who has been attending the inquiry, joined Business Day TV to discuss Ayo Technology, its executives and the company’s role in what is essentially the capture of the PIC.
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