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JSE slams Namibian billionaire’s Trustco over ‘unacceptable’ mining sale
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JSE slams Namibian billionaire’s Trustco over ‘unacceptable’ mining sale
The Johannesburg Stock Exchange has fined Trustco Group Holdings, controlled by Namibian businessman Quinton van Rooyen, ZAR 5 million (about $270,000) for what it called “unacceptable” conduct tied to the company’s sale of a mining subsidiary without the required shareholder approval.The exchange’s disciplinary committee said Trustco breached listing rules by disposing of its interest in Meya Mining without first seeking consent from shareholde…
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