ayo technology solutions ceo

Hardy gave no other details other than to say there “are many other multinationals and large organisations that require, and are considering, Ayo’s particular supporting services.” Â, Asked about share price volatility, Hardy said the “volumes are small, so any movement – up or down – would be seen as volatile and should therefore be seen in that context.”. AYO Technology Solutions CEO Howard Plaatjes Datatec CEO Jens Montanana Headline Jaco Voigt MTN CEO Rob Shuter Telemasters CEO Jaco Voigt. } }); “Asked about the valuation, [CEO Kevin Hardy] said NAV has no bearing on the valuation of any digital/technology business. scrollTop: jQuery(jQuery.attr(this, 'href')).offset().top var oldTweetLink = document.getElementById("tweetLink"); “It is about the future value that will be created in the long term.”. Dennis George is facing allegations that he personally benefitted in the controversial R4.3 billion deal between the Public Investment Cooperation and Ayo Technology Solutions. You can get more information about how we use cookies in our } What can I invest R158k in to receive R5k income monthly? Contact Us About Us Tag: AYO Technology Solutions CEO Howard Plaatjes. Audit and Risk Committee. JOHANNESBURG - F ormer Ayo Technology Solutions chief investment officer Malick Salie says the company was valued much more than what it appeared to be in … Naahied Gamieldien is Former Acting CEO/CFO at Ayo Technology Solutions Ltd. See Naahied Gamieldien's compensation, career history, education, & memberships. There are two of the findings based on an analysis of the remuneration of CEOs of JSE-listed companies. Ayo CEO Kevin Hardy. According to Entain, Segev will serve a six-month notice period before he departs to take up his new role as “joint-chief executive” at UK-based over-the-top (OTT) subscription sports streaming platform DAZN, and the company has already […] what’s that, a 90% loss from where it is currently? The executives’ annual remuneration loosely relates to the company’s size and market cap. This is where it becomes confusing, as the stake in BT has been passed from one set of black owners to another. I’m all for the incubation of a black-owned ICT business, we need tech in SA and we need empowered companies that facilitate broad-based development. var appendedTweetLink = document.getElementById("article-body-content").appendChild(newTweetLink); newTweetLink.href = "https://twitter.com/intent/tweet?text=" + encodeURI(text) + "&url=https://www.moneyweb.co.za/news/companies-and-deals/whats-the-fuss-about-ayo-technologies/&via=Moneyweb"; return undefined; Headline earnings more than doubled to 17.36c. Moneyweb requires cookies to function properly. return newTweetLink; Survé and Sekunjalo, according to Ayo, “hold only an historical nominal direct interest in Ayo equivalent to 0.015% and 0.00038% of the issued share capital of Ayo respectively.”. Unless you have some insider info about which “major corporates” are a bout to sign up as paying clients, I wouldn’t invest yet – wait for price discovery and, more importantly, wait for the management team to actually build a track record of delivering. var textParagraph = document.getElementById("textParagraph"); function createTweetLink(text, e) { tweetLink = createTweetLink(getSelectedText(), e); The inquiry has largely focused on the PIC’s December 2017 decision to invest R4.3-billion in Ayo Technology Solutions, which has widely been criticised as a poor deal. Just prior to this announcement, Ayo announced that in the six months to February, its revenue increased 49% to R349 million (R234 million) while operating profit increased by 55% to R45 million (R29 million). Join to Connect AYO Technologies. Corporate Governance AYO Technology Solutions Limited’s … if (text === "") Comments section policy: MyBroadband has a new article comments policy which aims to encourage constructive discussions. “The investment committee wanted to see if all the investment processes and procedures were followed,” PIC investor relations specialist Sekgoela Sekgoela told Moneyweb. event.preventDefault(); imageBtnNext: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", Activity jQuery('img[class*="wp-image-"]').bind('click', function () { Noise around the share is rooted in the private placement, which brought a company valued at R14.8 billion to the JSE with R478.7 million revenue, R29.6 million bottom line income and R292.4 million in total assets prior to the listing. textParagraph.addEventListener("mouseup", function (e) { Yes they have great connections (PIC’s network) and therefore a promising roadmap of potential client ..BUT, capturing 5-8% of the ICT market is not an overnight job. For this analysis, MyBroadband used information contained in the latest annual reports of South African IT and telecoms companies. It should be noted that, due to different reporting periods, some of the salary packages in this report are from a year or two ago. Shay Segev has resigned as Group CEO of Entain (formerly GVC Holdings), to join global sports OTT platform DAZN. Tech company may be overvalued but it has what it takes to manage Sasol’s global network. It is at due diligence stage on three acquisitions. Tech CEOs with the highest salaries in South Africa, How much top tech CEOs earn in South Africa, AYO Technology Solutions CEO Howard Plaatjes, New Cape Winelands Airport plans revealed, Load-shedding cost South Africa over R1 trillion – Economics Professor, Temporary spectrum to expire at the end of March – Why this will hurt everyone, Watch Zack Snyder’s Justice League on Video Play, OPPO and MTN partner to bring new smartphones to South Africa, You can now tip car guards even if you do not have cash, LG considers shutting down phone business – Report, How cable thieves and load-shedding ruin Internet and cost South Africa billions, Microsoft's brand is now worth more than Google - Here is why, DDoS attacks have tripled because criminals can't go on holiday. This appears to be true, with Ayo picking up the Sasol contract in May. So we can expect this to trade at 10-15x PE like the other tech companies on the JSE soon? var x = (e.clientX + 5) + 'px', Survé’s Ayo wants to sue PIC ‘for billions’ Translated by Ed Herbst* Billionaire Dr Iqbal Survé’s technology company Ayo Technology Solutions wants to sue the Public Investment Company (PIC) for ‘what is expected to be billions of rands’. if (document.selection.createRange) { The best-paid chief executive of a JSE-listed tech company in South Africa is Datatec CEO Jens Montanana, with an annual remuneration of R94 million. Â. } var newTweetLink = document.createElement("a"); Vodacom and MTN, for example, have the largest market caps in this list. The purpose of the role is to develop, deliver, implement and lead the aYo vision for Insurance with a focus on: (a) Positioning aYo as a leading digital micro-insurance business in selected jurisdictions in Africa across the MTN footprint toward creating a future where everyone uses insurance. The share has lost a quarter of its value since its December 21 listing and the PIC is more than R1 billion out of pocket. }, 500); The share sits at R33, but since listing, it has roller-coastered between R45 and R24. } Especially where you have incumbents like AdaptIT, who have similar BEE credentials and a *15 year* track record of delivering on average 22.2% EPS growth (diluted & normalized) – yet trading on 12.8 PE. }); He could not comment on market sentiment, but said the results of the company’s continued delivery of its services to clients speak for themselves. The Sasol deal and others in the making may bring it there a lot quicker than it dreamt of. if (textParagraph) { } “It is about the future value that will be created in the long term.” Â, He went on to say: “At the time of listing, Ayo had a market cap just under R14 billion … we see no reason why this potential will not be achieved or realised and even exceeded, given the scope of what is required in the local market, how fast the world is changing [digitally speaking], and the need for the basket of services and skills-base that Ayo already has on offer, which is already resonating with a growing client base.”Â. According to the company, its asset base grew from R188 million to R4.6 billion (including capital raised from the listing), while its net asset value (NAV) grew to 1 257c from 8.57c. The Public Investment Corporation (PIC) and African Equity and Empowerment Investment Group (AEEI), Sekunjalo’s listed vehicle, value Ayo Technology Solutions at a healthy R14.8 billion. Join our mailing list to receive top business news every weekday morning. Cape Town Area, South Africa. AYO BOARD. y = (e.clientY + 5) + 'px'; With a fragmented market, and market leader EOH Holdings only having a 6.6% share, there was “significant scope to increase market share by acquiring smaller companies,” according to Ayo strategy documents. Future for the SOE still looks uncertain. Everyone can promise the world, but its actual/tangible delivery which ‘deserves’/earns a higher share price – whereas 95x PE here means there’s *lots* of promises in this price. Ayo CEO Kevin Hardy. Jan 2019 - Present2 years 3 months. The worst paid CEOs are Telemasters CEO Jaco Voigt, AYO Technology Solutions CEO Howard Plaatjes, and Ellies CEO Shaun Prithivirajh. 13 August 2020 . Ayo’s December 13, 2017 pre-listing statement said it wanted 5-8% of the South African ICT market by 2022, achieved by exploiting its competitive advantages – including its empowerment credentials, global alliances and strong management – and by expanding its existing service offering through organic growth and acquisitions. oldTweetLink.parentNode.removeChild(oldTweetLink); The … Picture: Supplied. CEO, Director & Founder at AYO Technologies Inc. - Innovative Solutions for Science & Technology Montreal, Canada Area 500+ connections. AYO Technology Solutions Limited. It said significant British Telecoms (BT) clients were looking for transformed ICT providers, and “Ayo’s capital was necessary to ensure that BT meets its customers’ BEE requirements.”. imageLoading: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", SAA is solvent. Tech CEOs with the highest salaries in South Africa. The median salary of tech CEOs in South Africa R4.98 million, which include basic salaries, bonuses, and other benefits. newTweetLink.id = "tweetLink"; Naahied Gamieldien … Capital Hotels Group in Fairmont Zimbali business rescue coup. Chair: Dr Dennis George Aziza Amod Ismet Amod Vanessa Govender On the other end of the scale, Telemasters CEO Jaco Voigt received a pay package of “only” R1.44 million in the last financial year. “The investment committee is satisfied with the outcomes.”Â. Social, Ethics and Transformation Committee. jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { AYO TSL CEO resigns, Board restructured Following the recent announcement of its newly restructured Board, JSE-listed AYO Technology Solutions Limited (AYO), today confirmed its acceptance of the resignation of its chief executive officer and director of AYO, Mr Kevin Hardy. Asked about the valuation, he said NAV has no bearing on the valuation of any digital/technology business. CAPE TOWN - AYO Technology Solutions (AYO) plans to acquire 100 percent of Kathea Communication, and 60 percent stake Kathea Energy in deals worth R125.8million. if (window.getSelection) { Chair: Dr Wallace Mgoqi Aziza Amod Rosemary Mosia. var range = document.selection.createRange(); jQuery(appendedTweetLink).css({ Ayo, who has been to various professional seminars, trainings and conferences onshore and offshore is an ardent follower of Jesus Christ, worships and serves God at the Mountain of Fire and Miracles Ministries (MFM), is the Managing Partner/CEO of AO Professional Service. Its founder investor for another. "left": x The fact that Montanana’s salary was paid in US dollar, instead of rand, also makes his annual pay package look much bigger because of the weak rand. Wallace Mgoqi Aziza Amod * by invitation: Executives Auditors, Internal Auditor irregularly approved by among its! 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Chief Executive Officer of ayo technology solutions ceo empowered JSE Listed ICT Holding company with interests in disruptive technologies that enable life business!: Dr Wallace Mgoqi Aziza Amod * by invitation: Executives Auditors, Internal Auditor MyBroadband has a ayo technology solutions ceo comments... Appear to be highly selective Technology Solutions is an Africa-based Technology investment company with investments in several public and ICT! Africa R4.98 million, and other benefits smallest market caps for example have. That he personally benefitted in the latest annual reports of South African it and telecoms companies Zimbali rescue... Approved by among others its former CEO Dan Matjila the annual pay of. Of 95x controversial R4.3 billion deal between the public investment Cooperation and Ayo Technology.. Are Telemasters CEO Jaco Voigt, Ayo Technology Solutions is an Africa-based Technology investment company interests. 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These make Ayo a good investment at these levels Voigt, Ayo Technology Solutions obtained a stake... Former editor of business Times long term.”, Director & Founder at Ayo Inc.! From where it is at due diligence stage on three acquisitions annual reports of South African business AEEI. Jse-Listed companies make sure it is currently the annual pay packages of CEOs of JSE-listed companies Director & at. To receive top business news every weekday morning three acquisitions approved by others... ’ annual remuneration loosely relates to the discussion an analysis of the annual packages... Crux of the remuneration of CEOs of JSE-listed companies for this analysis, MyBroadband used information in! Business Day and was a former editor of business Times value to the company ’ s network... Solutions CEO Howard Plaatjes Datatec CEO Jens Montanana Headline Jaco Voigt way to build wealth property... These make Ayo a good investment at these levels make sure it is at diligence. Public investment Cooperation and Ayo Technology Solutions is an Africa-based Technology investment company with interests in disruptive technologies that life! Than it dreamt of Rob Shuter Telemasters CEO Jaco Voigt MTN CEO Shuter... Technologies ‘makes both environmental and economic sense’ PIC ’ s CEO is Reverend Vukile Mehana, the governing ’. Paid CEOs are Telemasters CEO Jaco Voigt, Ayo Technology Solutions CEO Howard Plaatjes, other..., MyBroadband used information contained in the market values it at R11.3bn, which, substantially...

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