JSE to keep print announcements
JSE CEO Nicky Newton-King confirms proposal has not been supported by a large number of listed companies
The JSE said on Wednesday that after consideration it would not amend its listing requirement for publication of short-form announcements in the print media. JSE CEO Nicky Newton-King said the proposal to allow companies to use online platforms for announcements, such as cautionary statements, as an alternative to publication in print media, had not been supported by a large number of listed companies. "Most of our peer exchanges globally don’t have a requirement to publish announcements in the media. We consulted widely on whether to change this. It was remarkable how big the support was to continue with the current requirements." Many CEOs, prominent business leaders and Business Day readers made representations to the JSE. "The support for the print media and the importance with which it is viewed at this time in the country’s history was wonderful. "We have taken this feedback into account and decided not to go ahead with amending the listing requirement at this time," she said....
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