Why entrepreneurs don’t sell to listed companies anymore

The JSE of today reminds me of a hotel under lockdown rules. The infrastructure is there, but the utilisation is low and very few people are making new bookings. The long-standing guests are getting tired of empty swimming pools and boring games nights and are checking out in search of greener pastures. New listings on the JSE are becoming more …

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Playing chicken with shareholders

Shareholder activists are interesting people. They use small stakes in companies to try and leverage meaningful changes, through the provisions of the Companies Act and sometimes the JSE Listings Requirements. Common focus areas include: ESG metrics (like the environmental pressure put on Sasol recently) Questions over management performance (like Rainbow Chicken) Disposals of assets at low prices (like Zeder’s disposal …

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Being listed isn’t always a gas

A listed company, for example on the Johannesburg Stock Exchange (JSE), allows its shares to be traded publicly on the exchange. This enables anyone to put in a bid for the shares which could match with an offer from an existing shareholder and… …BINGO magic happens. Shares have been traded, there’s a new shareholder on the shareholder register and the …

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Being listed isn’t always a gas

A listed company, for example on the Johannesburg Stock Exchange (JSE), allows its shares to be traded publicly on the exchange. This enables anyone to put in a bid for the shares which could match with an offer from an existing shareholder and… …BINGO magic happens. Shares have been traded, there’s a new shareholder on the shareholder register and the …

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Being listed isn’t always a gas

A listed company, for example on the Johannesburg Stock Exchange (JSE), allows its shares to be traded publicly on the exchange. This enables anyone to put in a bid for the shares which could match with an offer from an existing shareholder and… …BINGO magic happens. Shares have been traded, there’s a new shareholder on the shareholder register and the …

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When the JSE can protect you in a delisting and when it can’t

Very few people understand what it means to be “listed” on a stock exchange. Perhaps more importantly, even fewer understand what a delisting means, even though this can become the reality for the likes of Comair, which will delist later this year as part of its approved Business Rescue plan. In this article, my intention is to explain some core …

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