ANN CROTTY: JSE starts to show some teeth at last
The bourse’s censure of Ayo demonstrates it could also act against others
17 February 2022 - 05:00
It’s been a tough week for directors of JSE-listed companies, what with the Tongaat directors making an appearance in court and two former nonexecutive directors of Ayo Technologies being banned from serving as directors or office bearers of a JSE-listed company for five years. In Tongaat’s case the directors are facing a considerably grimmer prospect than those at Ayo.
Finally it looks as though there are consequences for directors not doing their well-paid jobs properly...
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