Published 23 June 2020 By Adri Senekal de Wet

AYO CEO Howard Plaatjessays AYO has thrived by building durable business moats with innovative acquisitions, although sometimes sacrificing short-term margins. Photo: Ian Landsberg/African News Agency (ANA)

CAPE TOWN – AYO Technology Solutions the largest black-owned ICT company in South Africa, recently announced its results, which show strong cash balances and no debt.

The company says its asset base, in excess of R5 billion, is well-positioned to take advantage of the crisis that the Covid-19 pandemic has chartered in its unprecedented path around the world.

AYO’s foresight in creating a basket of investments that speak to every aspect of the digital ecosystem, is starting to reap benefits, as even under Covid-19 conditions, its products and services were being utilised as more people banked, exercised, learned, relaxed, worked and even sought medical care remotely.

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