FSB: Report by the Directorate of Market Abuse
The DMA (Directorate of Market Abuse) held its 13th meeting at the FSB (Financial Services Board) on 2June 2009.
Below is a list detailing the current status of insider trading and prohibited trading practices investigations. It should be noted that these investigations are not into the affairs of the companies listed but into trading in shares on the stock exchange.
Possible insider trading cases
|
Security |
JSE Code |
Period |
Case status |
|
1. Beige Holdings Limited (# 2) |
BEG |
2006-10‑2007-03 |
Ongoing |
|
2. CIC Energy Corp |
CIC |
2008-06 |
Ongoing |
|
3. Pamodzi Gold Limited |
PZG |
2008-10 |
Ongoing |
|
4. Sentula Mining Limited |
SNU |
2008-05 |
Ongoing |
|
5. Super Group |
SPG |
2008-07 |
Ongoing |
|
6. Telkom SA Limited |
TKG |
2008-10 |
Ongoing |
|
7. Wescoal Holdings Limited |
WSL |
2008-02–2008-04 |
Enforcement action |
|
8. Wilson Bayly Holmes-Ovcon Limited |
WBO |
2008-07–2008-08 |
Ongoing |
Possible prohibited trading practices (market manipulation) cases
|
Security |
JSE Code |
Period |
Case status |
|
1. Afgri Limited |
AFR |
2009-01–2009-03 |
Ongoing |
|
2. Argent Industrial Limited |
ART |
2009-02 |
Ongoing |
|
3. Beige Holdings Limited (# 3) |
BEG |
2009-02 |
Enforcement action |
|
4. Cape Empowerment Trust Limited (# 2) |
CAE |
2008-10–2008-11 |
Ongoing |
|
5. Cape Empowerment Trust Limited (# 3) |
CAE |
2009-02 |
Enforcement action |
|
6. Freeworld Coatings Limited |
FWD |
2009-02–2009-03 |
Ongoing |
|
7. Huge Group Limited |
HUG |
2008-08‑2008-09 |
Ongoing |
|
8. Metair Investments Limited |
MTA |
2009-02–2009-03 |
Ongoing |
|
9. Palabora Mining Limited |
PAM |
2009-01–2009-02 |
Ongoing |
|
10. Pinnacle Point Group Limited (formerly Acc-Ross Holdings Limited) |
PNG |
2008-11 |
Ongoing |
|
11. Sunflower December 2008, January 2009, March 2009 and May 2009 Contract |
Sun-flower |
2008-09-25‑2008-12-11 |
Ongoing |
|
12. Sunflower March 2009 Contract |
Sun-flower |
2008-09‑2008-10 |
Ongoing |
|
13. Vox Telecom Limited |
VOX |
2008-09 |
Ongoing |
Investigations are "closed" once it becomes evident that no, or insufficient evidence has been obtained to warrant action in terms of the Act.
Possible false or misleading reporting cases
In addition to the above, the DMA has two possible false or misleading reporting matters under investigation, and in one matter it decided to proceed with enforcement action.
