Moneyweb to report Ayo to JSE for Companies Act contravention

Companies are required to be transparent and accountable, but that doesn’t seem to be the case with the controversial Ayo Technology Solutions.

Moneyweb recently requested access to the Ayo Technology Solutions share register in terms of Section 26 of the Companies Act. This was done within the prescribed manner and following due process. Ayo did not respond to this application. This begs the question: what does Ayo have to hide?

Moneyweb to report Ayo to JSE for Companies Act contravention
Moneyweb to report Ayo to JSE for Companies Act contravention

Moneyweb to report Ayo to JSE for Companies Act contravention

Companies are required to be transparent and accountable, but that doesn’t seem to be the case with the controversial Ayo Technology Solutions.

Investors could pump $1bn into Uber self-driving cars: report

Investors could pump $1bn into Uber self-driving cars: report

A group of investors including SoftBank Group is in talks to invest $1 billion or more into Uber’s self-driving car unit, The Wall Street Journal reported on Wednesday.
Winners of SA Premier Business Awards announced

Winners of SA Premier Business Awards announced

Davies said the awards aimed to promote and encourage businesses across all sectors to embrace transformation and to grow the economy.
Outage hits Facebook, Instagram users in SA, worldwide

Outage hits Facebook, Instagram users in SA, worldwide

Facebook and Instagram users lost access to the social network’s applications in parts of the world as a result of an outage of undetermined origin.
Clock ticking on new SA trade deal with post-Brexit Britain

Clock ticking on new SA trade deal with post-Brexit Britain

Ministerial level talks between Britain on the one hand and the Southern African Customs Union and Mozambique on the other are scheduled for Friday.
Investec wins big at investment conference in Cape Town

Investec wins big at investment conference in Cape Town

The banking and asset management group beat off a number of major local and global houses in landing four accolades.
Stop the Brexit ‘circus’, pleads UK business

Stop the Brexit ‘circus’, pleads UK business

Britain’s business community has urged politicians to avoid a ‘no deal’ Brexit.
SA hoping to agree post-Brexit trade understanding with UK soon

SA hoping to agree post-Brexit trade understanding with UK soon

There still remains some uncertainty about Westminister’s future ties with Europe.
Sun International achieves growth despite weak economy

Sun International achieves growth despite weak economy

Its Sun City resort in the North West province, however, reported weaker results than anticipated.
Growthpoint sees little to no growth from SA portfolio

Growthpoint sees little to no growth from SA portfolio

Most of the financial year’s growth would come from international investments, says the property investment holding company.
Grande Parade Investments sees basic loss per share due to Dunkin’ Donuts, Baskin-Robbins

Grande Parade Investments sees basic loss per share due to Dunkin’ Donuts, Baskin-Robbins

However, interim headline earnings per share are expected to edge up to between 3.43 and 4.07 cents per share.
The final big mistake that sank Group Five

The final big mistake that sank Group Five

Bad decisions around the construction of a power station in Ghana eventually took their toll.
SABC waiting for National Treasury to tide it over

SABC waiting for National Treasury to tide it over

The CFO says the company is running its finances ‘literally on a day-to-day’ basis, prioritising salaries.
EFF calls for state-owned bank as alternative to ‘racist banking cartel’

EFF calls for state-owned bank as alternative to ‘racist banking cartel’

FNB has recently been accused of discriminating against black people, but the EFF believe all financial institutions are guilty of this.
Group Five placed in business rescue, listing of shares suspended

Group Five placed in business rescue, listing of shares suspended

The construction group is currently conducting retrenchment proceedings.
Spaza shop fintech closes a gap in R40bn cash market

Spaza shop fintech closes a gap in R40bn cash market

Zande Africa uses a micro distribution model to allow spaza shops to take advantage of better pricing directly from manufacturers.
SABC heading for R568 million net loss

SABC heading for R568 million net loss

The broadcaster has also found itself unable to perform routine maintenance on its buildings.
US deputy secretary to promote trade, investment in SA and Angola

US deputy secretary to promote trade, investment in SA and Angola

A statement says he will affirm the United States’ longstanding and wide-ranging commitment to Africa.
FirstRand says achieves topline interim growth despite macroeconomic challenges

FirstRand says achieves topline interim growth despite macroeconomic challenges

The group expects its portfolio to continue to show an incrementally improved performance.
Octodec to receive Edcon equity in lieu of R11m rental reduction for two years

Octodec to receive Edcon equity in lieu of R11m rental reduction for two years

Financially troubled Edcon said earlier this month it had secured R2.7 billion in new cash and rent deductions.
SA Post Office turnaround staked on e-commerce and drone deliveries

SA Post Office turnaround staked on e-commerce and drone deliveries

The state-owned entity is under pressure to diversify from its core mail delivery business, which is in perennial decline.
Musk argues regulators overstepped in tweet contempt quest

Musk argues regulators overstepped in tweet contempt quest

Lawyers for Tesla chief Elon Musk on Monday argued that US regulators overstepped their bounds by calling for him to be held in contempt for a tweet.
Pound extends rally as May secures Brexit deal revision

Pound extends rally as May secures Brexit deal revision

The pound extended its rally in Asian trade after British Prime Minister Theresa May hammered out a revision to her controversial Brexit deal she hopes will be enough to push through parliament.
Apple sets March 25 event, hints at streaming

Apple sets March 25 event, hints at streaming

Apple announced plans Monday for a March 25 media event, hinting at a widely expected plan to unveil its own Netflix-style streaming service with original video.
Grounding the Boeing 737 a touchy subject for US authorities

Grounding the Boeing 737 a touchy subject for US authorities

Following Sunday’s crash in Ethiopia of another Boeing 737 MAX 8, the second such accident in five months, the flagship US manufacturer faces fresh questions about the planes’ airworthiness.

 

 

 

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