The JSE has proposed following in the footsteps of the LSE by rolling back shareholder rights. It’s a dangerous step, writes robrose_za.
Just how much should a stock exchange compromise to keep its listed companies? It seems that almost every day, some or other company is threatening to delist from the JSE.
A few weeks ago, it was PSG. This week, property company Resilient said it was “evaluating its listing on the JSE” as it was “no longer a given” that being listed was having the desired outcome. But it promised that even if it delisted, it would maintain “high standards of governance and reporting”...
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