Insider trading

Jooste the Ginger-Bread Man stays put as probes heat up

South Africa’s financial regulator is investigating seven trading accounts that sold Steinhoff International Holdings NV shares in the weeks leading up to the global retailer’s disclosure of accounting irregularities.

Coal of Africa COO fined R350k for insider trading

Coal of Africa’s Chief Operations Officer Michiel Jakobus Bronn was fined for insider trading that took place even after he was instructed by the company’s chief executive officer not to trade shares.

Telkom closes Schindehutte book – needs to open one on AGM management

At its AGM this morning, Telkom closed the book on the fracas that is known as the Schindehutte saga. The former CFO, who has been on suspension with full pay for a quarter of the time he was employed by the group, has apparently decided to take early retirement. So Telkom’s “Dream Team” can focus … Read more

Excellent analysis: Pinnacle – trading vs speculating, GDP results and SA Inc.

In this fascinating interview, Nerina Visser, Head of Beta Solutions at Nedbank Capital shares her expert insights on the true difference between trading and speculating, with particular focus on what has been happening with the shares of Pinnacle in recent days and Abil before its trade was suspended. The uncertainty and erratic movement of the … Read more

Expert market analysis – mining results, Sun Intl, Standard Bank and Abil

Market commentator Gary Booysen from Vunani Private Clients unpacked today’s markets on CNBC Africa’s Power Lunch with Alec Hogg, focusing on mining results from Harmony Gold and Village Main Reef. He also analysed Sun International’s trading update noting a decrease in earnings expected, and Standard Bank’s results which were marred by a R1bn loss on its … Read more

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