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AYO Technology Solutions to sue News24 over defamatory article
The Star
|October 16, 2025
AYO Technology Solutions is taking legal action against News24 and journalist Carol Paton following the publication of a contentious article AYO claims is filled with malicious and defamatory statements.
The article “Revealed: Why the knives are out for PIC investment head’, published on October 9, 2023, has drawn sharp criticism from AYO, which regards it as a deliberate attempt to damage its reputation.
In a formal statement issued yesterday, AYO said it had instructed its legal team to issue a letter of demand, as the article in question not only fabricates information but also demonstrates a complete disregard for the principles of responsible journalism.
According to AYO, Paton’s central claim, which alleges a link between the suspension of the Public Investment Corporation's Chief Investment Officer, Kabelo Rikhotso, and AYO’ delisting process, is “a demonstrable and reckless lie” The company states that reliable sources privy to the contents of the suspension letter have confirmed that it makes no reference to AYO whatsoever.
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