AYO hits historic lows as PIC inquiry rages on

The commission of inquiry into impropriety at the PIC is raging on with much of today's focus on Ayo Technology which appears to have unduly benefited from PIC investments. The company is inextricably linked to businessman Iqbal Surve whose testimony has resulted in the JSE being summoned to the inquiry on account of the JSE's decision not to list his IT business, Sargarmatha. Business Day Reporter, Warren Thompson has been attending the inquiry, he joins us on the line with greater perspective on Ayo Technology, its executives and the company's overall role in essentially the capture of the PIC.