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Another day, another two delistings. On Monday two more small caps — services group CSG Holdings and electronic communication company Alaris — disclosed buyout offers that will lead to both delisting from the JSE.

This is great news for small-and mid-cap punters, but it is bad news for the JSE, whose universe of stocks continues to shrink. And it’s a bleak pronouncement on the still-fragile local economy...

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