News & Press: IoDSA in the Press

‘Cartel acts’ by directors not under JSE scrutiny

Friday, 15 February 2013  
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THE JSE is not yet focusing on the conduct of directors of several listed construction companies which have been implicated in anticompetitive conduct, because a criminal investigation is still under way.

However, the general principle is that if a director is found guilty of an offence, the company is obliged to disclose such information, Andre Visser, GM of the JSE's issuer regulation division, said on Thursday.

Questions have been raised whether directors and senior managers of construction companies accused of involvement in anticompetitive activities are obliged to resign their positions. Read more...