Fortress CEO-designate and executive director Steve Brown. Picture: SUPPLIED
At the beginning of 2018, the four companies suffered a sudden sell-off in their shares followed by the release of numerous reports by asset and hedge fund managers which made allegations against directors and management at the companies. Alex Pascoe, the leader of the directorate of the market abuse investigation team at the FSCA, said his team had finished the first part of its investigation, which was into the possible insider trading of the four companies' shares.
Head of listed property at Stanlib, Keillen Ndlovu said the listed property sector was beginning to receive certainty and some clarity after a prolonged wait.
Means nothing, Gvt rubber stampers, where is the report for market to scrutinize where terms of reference specifically address the k companies? Market will be the judge , caveat emptor.
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