AYO Technology Solutions Limited Suspended by JSE with Immediate Effect
Johannesburg – The Johannesburg Stock Exchange (JSE) has placed AYO Technology Solutions Limited under suspension for not releasing its Annual Report for the fiscal year ending on 31 August 2024.
In an announcement made on Wednesday, 26 February 2025, the JSE stated, “We wish to inform that the aforementioned company [AYO] has not adhered to the JSE Listings Requirements (Requirements) by failing to publish its Annual Report for the year ending 31 August 2024 within the timeframe outlined in paragraph 3.16 of the Requirements.”
The JSE continued, “As a result, following the stipulations in paragraphs 1.6 and 1.7 of the Requirements and Section 12(2) of the Financial Markets Act No. 19 of 2012, the trading of the company’s securities has been suspended immediately.”
“This notice is issued by the JSE in the best interests of shareholders.”
Established in 1996, AYO Technology Solutions is a technology investment firm focused on transformative technologies that enhance life, business, and economic development.
The company’s varied investment portfolio encompasses all facets of technology, including connectivity, communications, and software development.
AYO envisions being the premier Africa-based technology group that propels smart living, recreation, and work across the continent and beyond.
The company asserts it accomplishes this through an active acquisition strategy intended to identify, secure, and scale emerging disruptive businesses that create impact in various fields:
- Infrastructure: enhancing penetration and access to connectivity
- Education: reducing costs and improving access to 21st-century skills
- Longevity: improving the duration and quality of life via digital healthcare
- E-commerce: modernizing business marketplaces and logistics
- Trust: advancing cybersecurity verification and blockchain encryption
- Industry: optimizing manufacturing processes using robotics and AI
- Climate: investing in renewable clean energy
On its website, AYO claims to possess an asset base exceeding R6 billion as of September 2020.
