The temptation to respond with a shrug to news that SA’s market conduct regulator is investigating trades in the share of Ayo Technology Solutions and its main shareholder, African Equity Empowerment Investments , for possible market manipulation may well be too strong for some investors.
The controversies around Ayo have been well documented and the company has been a consistent subject in the deliberations of the commission of inquiry into the Public Investment Corporation. Ayo is by no means the only company under scrutiny. Other transactions in the spotlight include trade in the shares of Atlatsa Resources Corporation, Capitec, Fortress Income Fund, Greenbay Properties and Nepi Rockcastle.
The FSCA announced last year it was investigating the allegations and also probing whether directors had committed insider trading. And then for months not a word, other than that the investigation was ongoing. This, of course, created uncertainty for shareholders and the companies. Then last week the FSCA announced that it had cleared the companies’ directors of insider trading. This took too long and was not fair on the people involved.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rand softer as market waits for new catalystsThere are few major events on Wednesday to give the rand its direction, with focus on Thursday's European Central Bank policy announcement
Source: BDliveSA - 🏆 12. / 63 Read more »
Rand softer as market waits for new catalystsSouth Africa's economy grew by 1,4% in the last quarter of 2018, however, the rands continues to be volatile in 2019.
Source: eNCA - 🏆 49. / 51 Read more »
MARKET WRAP: Naspers leads the JSE higherThere were few catalysts to give global markets direction, while local economic news was downbeat
Source: BDliveSA - 🏆 12. / 63 Read more »
Sasfin and Hello Group join highly contested retail banking marketThe two companies have partnered to offer a comprehensive digital banking package to the ‘unbanked’
Source: BDliveSA - 🏆 12. / 63 Read more »
The real state of the residential rental market
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Market Theatre photographs misleading: spokespersonImages that show the Market Theatre building in a bad state of repair are misleading, theatre spokesperson Sershan Naidoo says.
Source: eNCA - 🏆 49. / 51 Read more »
Market watchdog to act against Steinhoff suspects within weeksMarket watchdog to act against Steinhoff suspects within weeks | BISouthAfrica BISouthAfrica Is this supposedly indirect warning for him to prepare himself or run out of the country?....Since when 'Polices' tell their next move publicly? BISouthAfrica
Source: News24 - 🏆 4. / 80 Read more »
MARKET WRAP: JSE falls despite better-than-expected GDP growthThe local bourse brushes off positive local economic news, with miners, retailers and industrials under the most pressure on the day
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE flat as Naspers offsets slump by banksGlobal equities have been buoyed by further signs that a US-China trade deal is imminent, while local banks and gold miners came under pressure
Source: BDliveSA - 🏆 12. / 63 Read more »
Market Theatre falling apart despite R100m state cash injection | The StarAllegations are that the iconic precinct shoddy work is to blame for the state of disrepair at the theatre. TheStar_news Too many 'artists' sucking the payment tit dry. TheStar_news What a helluva surprise. TheStar_news Yup.
Source: IOL - 🏆 46. / 51 Read more »