JSE fine against AYO director cut from R2m to R1.2m

The JSE said on Thursday a fine against AYO Technology director Khalid Abdulla has been reduced from R2 million to R1.2 million, though the Financial Services Tribunal (FST) has upheld his public censure.

Abdulla had applied to the FST for a reconsideration application, partially upheld, the JSE said in a statement, with the FST setting aside the fine, which has been reduced.

However, the decision to publicly censure has been confirmed by the FST and the fine as a result of his failure to comply with the listings requirements is immediately due and payable.