Published 21 February 2020, by Sizwe Dlamini

CAPE TOWN – JSE-listed ICT company AYO Technology Solutions (AYO), has grown its asset base to more than R5 billion. This is according to its latest financial statement and is despite the difficult environment the group has had to operate in over the last 18 months.

The company’s latest financial statement, which got a clean audit after one of the most detailed and thorough investigations corporate South Africa has seen to date, also revealed that cash on hand was now close to R4bn and the company’s investments exceeded the R1bn mark.

The company has paid more than R200 million in dividends over the past couple of years, continuing to deliver value to its shareholders, which includes the Public Investment Corporation (PIC). A maiden interim dividend of 35 cents per share, amounting to R120m, was paid to shareholders during the year under review.

A final dividend of 16c per share was approved by the board of directors in December for the year ended August 2019, according to the financial statement.

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