JSE castigates seven companies for failing to file results within deadline
The JSE censured seven companies on Friday for failing to produce financial results within its prescribed three-month deadline. The bourse gave the companies until June 29 to produce their results or face suspension of trading in their shares. The list included African Dawn Capital (Afdawn) which has a February financial year-end and a market capitalisation of R4.6m at the 21c at which its share last traded. In December, Afdawn reached an R8.2m settlement with the South African Revenue Service (SARS) to be paid over 14 months. The most recent Sens statements from Afdawn have been updated on proposed disposals of its operations.
Construction group Esor, which also has a February financial year end, advised shareholders on May 25 that its results were delayed until June 29. Esor said this was "due to delays in confirming various claims and provisions on certain material contracts and the related impact on revenue recognition". The list also included Gaia Infrastructure Capital, ...
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