JSE wants answers from AYO

JSE asks Ayo to look at its interim results.

JOHANNESBURG - AYO Technology has been asked by the Johannesburg Stock Exchange (JSE) to look at its interim results.

It emerged at the PIC inquiry that AYO Technology inflated its profits.

READ: PIC inquiry hears how Ayo executives were instructed to move R400m

Two former executives testified how they were informed to go to an executive's house and inflate AYO's profits.

Siphiwe Nodwele and Kevin Hardy were instructed to move over R400-million into the account for 3 Laws Capital, owned by media mogul Iqbal Survé.

WATCH: PIC Inquiry continues with JSE testimony

The JSE has been summoned to testify at the PIC inquiry.

The commission wants to know about the JSE's last-minute decision not to list Sagarmatha Technologies.

Source
eNCA