Steinhoff’s shadow still looms over Pepkor as SARB freezes shares
The SARB freezes 506 million Pepkor shares held by Ainsley, a subsidiary of Ibex, which took over Steinhoff’s assets and liabilities following its liquidation.
Shares
Shaping corporate law: important revisions to the Companies Act
A comprehensive guide to the changes introduced by the Companies Amendment Act and the Companies Second Amendment Act.
Steinhoff former execs accused of reaping hundreds of millions through ‘fraudulent efforts’
The NPA indictment against former executives Stéhan Grobler and Ben la Grange details how they earned millions due to inflated share prices based on false profits.
FSCA investigating Finbok trading platform after complaints about refunds
The Authority emphasises that the investigation is not complete, and it has made no findings to date.
Mining shares push JSE higher in February
While most major global markets ended in the red, mining sector stocks drove the FTSE/JSE All Share Index 2.4% higher in February. The Alsi is up 3.2% so far this year. Diversified miners, […]
January market wrap: a volatile start to the year
The MSCI World Index had its worst start to the year since 2016, falling 5.3% month-on-month, as concerns over spiralling inflation and higher interest rates, and the tensions between Russia and Nato over […]
SA equity market has its best year since 2009
Financial markets were buoyed in 2021 by an easing of Covid-19-related restrictions, an ultra-accommodative monetary and fiscal policy stance and a rebounding jobs market, Momentum’s Herman van Papendorp, the head of investment research […]
Is the ‘Santa rally’ real?
Investors found their festive spirits in 2020 despite a raging pandemic. Even with most of the global economy shut because of Covid-19, US stocks recorded their best December monthly return in more than […]
Is the ‘Santa rally’ real?
Investors found their festive spirits in 2020 despite a raging pandemic. Even with most of the global economy shut because of Covid-19, US stocks recorded their best December monthly return in more than […]
Excesses on short term insurance claims – The ST Ombud shares valuable insights
Unless clients have elected to pay an additional premium for an excess-free policy, they will almost always pay an excess when they claim from their insurer- whether it’s their fault or not. The […]
Excesses on short term insurance claims – The ST Ombud shares valuable insights
Unless clients have elected to pay an additional premium for an excess-free policy, they will almost always pay an excess when they claim from their insurer- whether it’s their fault or not. The […]
