JOHANNESBURG - The North Gauteng High Court has set aside a compliance notice which claimed that Ayo Technology must repay money it received from the Public Investment Corporation.
Regulators wanted Ayo to repay nearly R4.3-billion, within a matter of weeks.
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Now, it seems that won't happen.
The CIPC in February issued the asset manager with a compliance notice to recover its R4,3-billion investment in the JSE-listed technology company.
It also wants any interest that may have accrued on the investment paid within six months.