WATCH: Can the JSE do more to protect investors?
The JSE has been taken to task regarding questionable listings and its responsibility to protect retail investors.
This following the listings of Gupta-linked Oakbay and Iqbal Surve’s proposed listing of Sagarmatha as well as the collapse of Steinhoff, all of which have called into question whether the JSE has a bigger role to play when considering listings and protecting investors.
However, the exchange has pointed out that, in terms of legislation, its function is not to veto or approve listings.
JSE CEO Nicky Newton-King discussed these issues with Business Day TV.
JSE CEO Nicky Newton-King talks to Business Day TV about some of the criticisms it has faced recently about questionable listings
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