Browsing: FSB

Is bitcoin a legitimate asset class?

Eye-watering returns, surging prices and market capitalisations to rival some of the world’s largest companies make cryptocurrencies hard to ignore. Bitcoin, the original and arguably most well known cryptocurrency

SA’s new stock exchange green-lighted

The Financial Services Board’s appeal board has dismissed the consolidated appeals of the JSE and 4AX against the regulator’s granting of a licence to new exchange ZAR X. The judgment, handed down on Thursday

JSE not trying to shut out new rival: CEO

Speaking after the JSE released interim results on Friday afternoon, CEO Nicky Newton-King said that the exchange is not opposed to new market entrants. This follows claims by potential new rival ZAR

FSB to probe JSE’s R98bn mistake

The Financial Services Board said on Friday it is looking into a programming error that caused the JSE to miscalculate inflows into SA equities by R98bn. The JSE reported on Sunday that instead of foreigners

MTN Zakhele set for JSE debut

MTN’s black economic empowerment share scheme, MTN Zakhele, says its imminent listing on the JSE’s BEE board will provide shareholders with regulatory certainty for trading their shares. This is after the Financial Services Board

Zille, Telkom square off over broadband claims

Telkom “trusts” that the Financial Services Board and the JSE will “respond as necessary” in the wake of an allegation by Democratic Alliance leader Helen Zille on Tuesday that “those on the inside track” about government’s plan to name the company as its “lead

FSB drops Pinnacle probe

There was more good news for JSE-listed Pinnacle Holdings on Tuesday after the Financial Services Board (FSB) announced it was dropping an insider trading investigation into share trades by company executives in March 2014. At a meeting on Tuesday, the FSB decided to close the

Pinnacle confirms insider trading probe

Pinnacle Holdings has confirmed weekend newspaper reports that it is being investigated by the Financial Services Board (FSB) because of a possible contravention of the Financial Markets Act related to share trading that took place in March 2014. The FSB is probing possible insider trading, Pinnacle said in a statement to

Telkom fund warns of possible loss

A request from the Financial Services Board (FSB) has placed Rockland Investment Management, an investment firm into which Telkom’s retirement fund (TRF) put R60m, under provisional curatorship. The TRF invested about R60m with