Published 11 September, by a staff writer

AYO Technology, previously Sekunjalo Technology Solutions, has entered into a binding offer to acquire a controlling interest in Sizwe Africa IT.

AYO Technology has entered into an agreement with Loxisource and Alexisource, to acquire 55% of the share capital of Zaloserve from Loxisource and Rev Vukile Mahana. Zaloserve is an investment holding company that holds a 100% shareholding in Opiwize, which in turn holds a 100% shareholding in Sizwe.

The purchase price for the 55% interest in Zaloserve is R165 million, based on an equity value of R300 million for Zaloserve.

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Published 11 September 2018, by Sizwe Dlamini   

CAPE TOWN – JSE-listed AYO Technology Solutions said on Monday that it expected a significant increase in it headline earnings per share and earnings per share compared with the last financial year.

In its initial trading statement released on Monday the company said its headline earnings per share for the year to August 2017 were 5.66c per share and and earnings per share were 7.86c per share, as contained in its pre-listing statement.

AYO, however, said the company’s profits would be at least 147.68 cents per share lower or 61 percent lower than the 242.68 cents per share reported in the 2018 forecast.

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