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Tag Archives | JSE

jse

Arresting the delisting trend is a top priority, says JSE

The JSE is considering a range of measures to address the trend of delistings from the market, including simplifying the financial disclosure requirements. At the exchange’s 2022 annual general meeting last week, Chris Logan, a shareholder activist and the chief investment officer of Opportune Investments, posed a number of questions related to what the JSE […]

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share-trade

Bid to have JSE reconsider decision not to cancel R6m share trade ‘error’ fails

The Financial Services Tribunal has dismissed an application, with costs, by Overanet Investments to have the JSE reconsider its decision to refuse to cancel a share trade that, Overanet alleged, was entered into by mistake. On 21 April last year, portfolio management and investment services firm Gerobos placed an order, on behalf a client, to […]

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NEW IMAGE - Tribunal upholds JSE directive that Trustco must restate its financial results

Tribunal upholds JSE directive that Trustco must restate its financial results

The Financial Services Tribunal has upheld the JSE’s directive that Namibia-based Trustco must restate its financial statements for the year to 31 March 2019 and its interim results to 30 September 2019, because they did not comply with the International Financial Reporting Standards (IFRS). The accounting “errors” pushed up Trustco’s profits by N$2.1 billion. The […]

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Allan Gray answers the 5 key questions financial advisers and clients are asking

Allan Gray answers the 5 key questions financial advisers and clients are asking

In Allan Gray’s latest Quarterly Commentary, Tamryn Lamb, Allan Gray’s head of retail distribution, distilled some of the points discussed at the asset manager’s 2021 Investment Summit to answer the five key questions that financial advisers and their clients are asking. 1. South Africa’s macroeconomic situation seems dire – are there any green shoots of […]

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FSB-Building

Regulator to probe insider trading allegations

The FSB confirmed that it is investigating unusual trading in foreign exchange futures contracts after receiving a report from the Johannesburg Stock Exchange (JSE). The Regulator’s Department for Market Abuse (DMA) is currently conducting an investigation into possible insider trading in certain foreign exchange futures contracts before the recall of former Finance Minister Pravin Gordhan […]

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