Business In The News South Africa

PIC welcomes court ruling on AYO Technology’s R4.3 m debt

JOHANNESBURG, March 27 – The Public Investment Corporation (PIC) has welcomed the decision by the High Court in Pretoria on Tuesday to set aside a compliance notice from the Companies and Intellectual Property Commission (CIPC) compelling AYO Technology to repay R4.3-billion within two weeks. AYO Technology owes the money to the PIC “The Court acknowledged that most […]

Business In The News South Africa

Kenny Kunene introduces a safer ride service that doesn’t hurt your pocket

Staff Reporter JOHANNESBURG – Businessman and owner of Kusema Media Group, publishers of Africa News 24-7, has taken over Smart mobility Technology Company YooKoo, the company announced this morning. YooKoo Ride- branded sedands In a statement, YooKoo which entered the taxi e-hailing market in 2017, said Kunene, who is a shareholder, has been brought on […]

Business Lead South Africa

SA flags infrastructure investment plans of R526 billion

CAPE TOWN, February 20 – South Africa’s government has infrastructure investment plans amounting to R526 billion over the next three years and is stepping up its build programme by partnering with the private sector, development finance institutions and multilateral development banks for funding, the National Treasury said on Wednesday. President Cyril Ramaphosa’s government said last […]