Right of Reply: FSCA finds no evidence of market manipulation in Mantengu Mining trades

Right of Reply: FSCA finds no evidence of market manipulation in Mantengu Mining trades

The FSCA has concluded its investigation into the alleged prohibited trading practices in the shares of Mantengu Mining Limited (Mantengu).

Mantengu contests FCSA finding shares were not illegally traded

SOUTH Africa’s capital markets regulator said there was insufficient evidence to support allegations of prohibited trading practices in Mantengu Mining – an outcome contested by the chrome miner. “No evidence was found to support the allegations of price manipulation,” the Financial Sector Conduct Authority (FSCA) said on Friday, adding that it would not pursue enforcement action based on the findings of its investigation. Mike Miller CEO of Man…