JSE-listed companies lose their sparkle abroad
Financial scandals as those unravelled at Steinhoff continue to paint a negative picture of SA’s corporate governance and its general management standards
16 July 2019 - 20:14
A series of corporate governance and managerial failures among major JSE-listed companies such as Steinhoff International has knocked investor perception of SA equities, with local counters now being increasingly viewed with trepidation.
Foreign investors continue to shy away from local equities after having their fingers burned in terms of major stock losses, and the lack of interest in local stocks could see smaller cap companies being delisted, according to experts who spoke at a Meet the Managers event in Sandton on Tuesday...
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