AEEI reports sharp fall in net assets amid AYO unbundling, cybercrime hit

African Equity Empowerment Investments (AEEI), an investment holding company in the stable of businessman Iqbal Survé's Sekunjalo group, had opted to hold on to its dividend for 2023, when its net asset value per share fell by three quarters amid the unbundling of AYO Technology.

A strong performance from its fishing business helped continuing revenue rise 27% to R734 million to end-August, but assets fell 72% to about R1.7 billion, with the company unbundling AYO in July.