New exchange launches with listing of R340m Ukhamba Holdings
Equity Express Securities Exchange (EESE) today launched operations with the listing of Ukhamba Holdings Proprietary Limited, the broad-based black economic empowered partner of Imperial Holdings Limited. Ukhamba has a market capitalisation of R 340 million.
Fidentia's one and only hotel sells for R39m
Fidentia fraud case, masterminded by Fidentia boss J Arthur Brown, is over as his One & Only Hotel is sold for R39m.
Old Mutual to separate its four business units
Old Mutual has held constructive discussions with National Treasury, the Reserve Bank and the Financial Services Board (FSB) over the course of its strategic review.
Frangos urges hard line on corporate fraud
The financial Services Board (FSB), which polices trading on the JSE Securities Exchange SA, needed to introduce the US's "zero-tolerance"
Unit trust firms gain from tax benefits
A Number of property unit trust companies are restructuring and transferring properties from their fixed-property companies to take advantage of capital gains tax benefits.
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