Sector: Financials
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African Equity Empowerment Investments (JSE:AEE) is a black-owned and black-controlled investment holding company situated in Southern Africa. AEEI's main objective is to empower previously disadvantaged individuals through job creation and maximizing shareholder wealth generation by making strategic investments.
Portfolio Overview
Premier Fishing and Brands Limited
Premier Fishing and Brands Limited (JSE:PFB) listed on the JSE in March 2017. Premier Fishing SA (Pty) Ltd, a division of Premier Fishing and Brands, is the largest 100% black-owned fishing company in South Africa.
The Premier Group holds medium- to long-term fishing rights in west coast rock lobster, south coast rock lobster, small palegics, hake deep-sea trawl, hake longline and squid. The Premier Group owns an abalone farm and also invests in organic agriculture and processes wild abalone.
Technology
AYO Technology Solutions Ltd (JSE:AYO) is a leading B-BBEE ICT company. AYO assists organisations to reach new heights by enriching their processes and developing industry disruptor technology solutions that enable them to be market leaders in the digitally transformed economies that they operate in.
The AYO Group consists of a number of technology companies that offer ICT services and solutions to clients that participate in a range of industries that are best served by technology that enables them to be efficient in their key capabilities. The companies are leaders in their respective niche markets, with solid client bases and have achieved high levels of sustained organic growth.
AYO, through its divisions, subsidiaries and partners, provides solutions to both the public and private sectors in South Africa and abroad, with its private sector client base comprising mostly blue-chip multinationals. The AYO Group maintains strong relationships and holds key value-added reseller or supplier agreements with principals such as Nokia Siemens Networks South Africa (Pty) Ltd, InterSystems Corporation, Cisco Systems, Microsoft Corporation, IBM and Riverbed Technology Inc., which provide the Group with continuous access to the latest technology.
The AYO Group has a strategic relationship with BT Communications Services South Africa (Pty) Ltd (BT).
Events and Tourism
This division features a cutting-edge global competitive company in events management and travel solutions.
Over the past decade, the events company staged international music festivals throughout Africa and under the Cape Town International Jazz Festival brand. The festival has been named the fourth – best jazz festival worldwide. In 2016, it was voted one of the World’s Best Festivals by FEST 300 and voted the Best Festival in Cape Town in the OFLOCAL 2015 poll. Included in this division is a travel and tourism company and a medium wave commercial music radio station.
Health and Beauty
This division manufactures, sells and markets an extensive range of natural products for the food, agriculture, hygiene and general health sectors, and imports and distributes four cosmetic brands from Europe.
Biotherapeutics
This division researches and develops biopharmaceuticals and biosimilars for commercialisation, and healthcare applications for the production of biopharmaceutical products.
Strategic Investments
The Group’s strategic investments consist of stakes in Saab Grintek Defence (Saab), BT Communications Services South Africa (Pty) Ltd (BT) and Sygnia Ltd.
Semi-Annual values ($m)
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Potential dynamics
Sekunjalo has claimed it plans to sue President Cyril Ramaphosa and state organs for R75-billion.
2024-01-16 10:54 +02:00
The JSE has warned AEEI and Ayo Technology Solutions that they could have their shares suspended from trading.
2024-01-03 11:46 +02:00
Ayo Technology Solutions has doubled its gross dividend to 60c/share but given no reason for this even as losses widened.
2022-11-30 18:33 +02:00
Nedbank will on 15 March withdraw banking services provided to AEEI, the investment company controlled by controversial businessman Iqbal Survé.
2022-02-16 11:34 +02:00
Last week’s announcement by Sekunjalo’s African Equity Empowerment Investments that BT Group was not entitled to claim back the 30% stake in BT South Africa held by AEEI was a little puzzling.
2021-06-21 15:00 +02:00
The high court has ruled that Ayo Technology Solutions’ bid to overturn First National Bank’s decision last month to close the JSE-listed technology group’s banking facilities will not be heard on an urgent basis.
2021-04-29 13:52 +02:00
First National Bank has terminated the banking facilities it provides to Iqbal Survé’s Ayo Technology Solutions, Ayo said in a statement to shareholders after markets closed in Johannesburg on Thursday.
2021-04-15 16:01 +02:00
The JSE says it had enough time to look at all the facts when it made its pre-listing assessment of the Iqbal Survé-linked companies Ayo Technology Solutions and Sagarmatha Technologies.
2019-05-28 08:12 +02:00
“Stretched”, “thumb-suck” and “manipulation” were among the words used at the judicial commission of inquiry into the Public Investment Corp to describe the informal pre-listing valuation carried out by Ayo Technology Solutions executives.
2019-05-15 07:33 +02:00
