Tribunal ruling underscores directors’ obligations regarding financial statements
FST upholds the JSE’s decision to fine Tongaat Hulett’s former CFO R6m and bar him from holding office as a director of a listed company for 10 years.
FST upholds the JSE’s decision to fine Tongaat Hulett’s former CFO R6m and bar him from holding office as a director of a listed company for 10 years.
Litigation between Trustco and the JSE over the group’s financial statements.
The move aims to stem the tide of delistings, which has halved the size of Africa’s largest stock exchange since 2001.
The JSE says Luxe’s former chief executive refused to acknowledge regulatory correspondence or co-operate with the investigation.
The fine of R2m imposed on AYO’s Khalid Abdulla was reduced to R1.2m.