Tongaat Hulett fined R7.5-million for publishing false financial results
The JSE has fined Tongaat Hulett R7.5-million for publishing false financial results between 2011 and 2018 to shareholders.
That has been referred to as ''non-compliance with its listing requirements".
_Financial Mail _editor Rob Rose gives his take on the matter.
It is a massive accounting disaster. It seems like the JSE felt like it had to do something and made this token sanction.Rob Rose, Editor - Financial Mail
I think the JSE as a quasi-regulatory body should look at who is responsible for these accounting lies [as show host Bruce Whitfield puts it] and fine them. That's how you develop accountability, holding people responsible.Rob Rose, Editor - Financial Mail
Listen below for the full interview...
This article first appeared on 702 : Tongaat Hulett fined R7.5-million for publishing false financial results
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