Dr Survé elaborates on the challenges and benefits of BRICS

Published by 31 January 2018, written by Vernon Pillay & Zeenat Vallie 

CAPE TOWN – Dr. Iqbal Survé, Executive Chairman of Sekunjalo, Siboniso Nxumalo, Joint Head of the Old Mutual Global Emerging Markets Boutique, and Yunus Hoosen, head of investment at the dti kick off the Raging Bull Summit with a discussion on BRICS.

Dr. Surve began the discussion by explaining the development of the BRICS business council and the new BRICS development bank.

While he was in Davos, Switzerland at the World Economic Forum he stressed the importance of SA investment opportunities.

The world is changing, Surve acknowledged China’s growing dominance over the United States and India’s new tech development has made the world take notice.

We as the investment community need to see these developments and given the fact that South Africa is part of the BRICS group, we need to take the lead, Surve explained.

Siboniso Nxumalo, Joint Head of the Old Mutual Global Emerging Markets Boutique began his presentation on the importance of BRICS states.

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AYO lists on the JSE with R14 billion market cap

Published 8 January 2018, by a staff reporter

CAPE TOWN – AYO Technology, a division of AEEI has successfully listed on the JSE this morning with a market cap of R14.7 Billion.

Donna Nemer, Director: Capital Markets at the JSE acknowledged that “under the leadership of Group CEO Mr Khalid Abulla, AEEI listed the first company on the JSE in 2017 – Premier Fishing and Brands, closed the JSE with the last listing of the year in 2017 with AYO Technology. A remarkable achievement for any CEO not only in SA but in the world.”

AYO Technology Solutions is a majority black-owned ICT company, which is at least 30% women-owned.

African Equity Empowerment Investments (AEEI), AYO’s parent company, will own 49% of the shares post listing and a number of unions, such as the SA Clothing and Textile Workers Union (Sactwu), the Police and Prison Civil Rights Union (Popcru) and the Federation of Unions of SA (Fedusa) are also shareholders.

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