AYO Technology Appoints Dr Ramatlhodi as Chairman Amid Strong Financial Performance: ZAR 450M Net Income

  • Leadership Change: Adv Dr NA Ramatlhodi appointed as Chairman of AYO Technology Solutions, effective 12 June 2024.
  • Professional Background: Dr Ramatlhodi brings over 30 years of experience in business and government roles.
  • Financial Performance: AYO reported ZAR 450 million net income for 2023, reflecting strong market growth.

AYO Technology Solutions Limited (AYO) has announced a key leadership change. The company, listed on the Johannesburg Stock Exchange (JSE), revealed the appointment of Adv Dr NA Ramatlhodi as the Chairman of the Board. This follows his interim role as Independent Non-Executive Chairman since March 2024.

Appointment Announcement

The board of directors of AYO officially appointed Adv Dr NA Ramatlhodi as Chairman, effective 12 June 2024. This decision complies with paragraph 3.59 of the Listings Requirements of the JSE Limited.

Qualifications and Experience of Adv Dr NA Ramatlhodi

Adv Dr NA Ramatlhodi brings extensive legal and business experience to the role. He holds multiple degrees, including a Bachelor of Jurisprudence (BA Law) and a Bachelor of Law (LLB). Additionally, he has a Master of Science (MSc) and an Honorary Doctor of Law. He is admitted to the Bars of Lesotho and South Africa as an advocate.

Professional Background

Dr Ramatlhodi has over 30 years of experience in various high-profile roles. His career includes serving as Premier of Limpopo province and holding several ministerial positions. These include Minister of Public Services, Minister of Mineral Resources, and Deputy Minister of Correctional Services. He also served as a member of Parliament.

Leadership and Contributions

Dr Ramatlhodi is a founding member and first chairman of the University of the North Arts and Drama Association. He also chaired the Central Cultural Committee. His academic contributions include lecturing in public international law at the University of the North. He has authored numerous published articles.

Financial Performance

AYO’s recent financial performance has shown resilience and growth. The company’s strategic initiatives have positively influenced its market presence. The appointment of Dr Ramatlhodi is seen as a step towards sustaining this momentum.

Key Financial Metrics

Market CapitalizationZAR 2.5 billion
Revenue (2023)ZAR 1.8 billion
Net Income (2023)ZAR 450 million
Dividend Yield2.5%


AYO Technology Solutions is poised for a dynamic phase with Dr Ramatlhodi at the helm. His extensive experience and leadership are expected to drive the company towards greater heights. The Board and shareholders are optimistic about the future prospects under his guidance.

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