Gijima shares suspended

Gijima shares on the Johannesburg Securities Exchange (JSE) have been suspended from Monday 4 May, leading up to the company’s delisting on 12 May. This follows an agreement for Guma to acquire all of the remaining shares in Gijima, which was approved by 99,38% of shareholders last month. Gijima will now voluntarily delist, and will henceforth operate as a private company.

Samsung suspends child labour factory

Samsung has suspended business with a Chinese factory accused of hiring child labour. Last week (10 July), China Labour Watch (CLW) accused Dongguan Shinyang Electronics of hiring children, upon which Samsung launched an investigation into the allegations. According...

Telkom CFO suspended

The board of Telkom has suspended the company’s chief financial officer, Jacques Schindehütte, pending a disciplinary process. The board was recently made aware of certain allegations and appointed an independent law firm to investigate them. The results of the...

Pule guilty of misleading Parliament

Former Minister of Communications Dina Pule has been found guilty of wilfully misleading MPs by Parliament’s Ethics Committee. Briefing media yesterday, the committee said she will be reprimanded by speaker Max Sisulu. In addition, Pule will be suspended from...