Blue Label faces possible suspension from JSE | IOL Business Report

JOHANNESBURG – The JSE, in a move to reassure shareholders, on Tuesday warned Blue Label that it faces suspension and the possible removal of its listing if it failed to submit its provisional report within the three-month period stipulated in the JSE’s listings requirements.

Blue Label, the majority shareholder in Cell C, last month said that it had delayed the release of its annual financials in order to take into account how Cell C’s troubles would impact its bottom line. Blue Label a few hours later on Tuesday issued a SENS statement confirming the date of the release of its results.

The provisional report has to be submitted on or before September 26. The JSE has been tightening the regulatory whip after the accounting scandal at Steinhoff and rumours by short seller Viceroy rocked the markets.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Blue Label at record low as JSE threatens suspensionThe largest shareholder of Cell C has until the end of September to deliver its full-year results to end-May or face suspension from the JSE
Source: BDliveSA - 🏆 12. / 63 Read more »

China plans blue-sky National Day festivitiesFactory bosses hold their breath as Beijing eyes smog-free skies for 70th national anniversary
Source: BDliveSA - 🏆 12. / 63 Read more »

Blue Label at record low as JSE threatens suspensionThe largest shareholder of Cell C has until the end of September to deliver its full-year results to end-May or face suspension from the JSE
Source: BDliveSA - 🏆 12. / 63 Read more »

Oil price spike diminishes chances of fuel price cut | IOL Business ReportA stronger rand had seen the Central Energy Fund (CEF) on Friday predict an 11 cent per litre decline in price of unleaded 95 octane petrol in October
Source: IOL - 🏆 46. / 51 Read more »

Pepkor loses its bid for leave to appeal against Tekkie Town ruling | IOL Business ReportSteinhoff International subsidiary Pepkor has lost yet another round against its former Tekkie Town executives for the control of the sneaker maker.
Source: IOL - 🏆 46. / 51 Read more »

Trevor Manuel’s outburst over Old Mutual CEO judgment is just arrogant | IOL Business ReportWhat was meant to be an opportunity for Old Mutual chairperson Trevor Manuel to set the record straight on the ongoing saga between the company and axed chief executive Peter Moyo backfired monumentally. busrep busrep What a massive chop! Time to resign busrep Catastrophically busrep People must learn to account and accept when they acted recklessly. We are in a new era in South Africa 🇿🇦 and it’s called Respect for Democratic Revolution
Source: IOL - 🏆 46. / 51 Read more »