MONEYWEB
app instead? 00:01
Open:
Open:
Itâs difficult to know whether the lack of disclosure on the JSE contributes to the limited shorting activity on the market. Image: Shutterstock
As the dust settles and the GameStop share price plummets back towards earth it becomes evident thereâs little chance of similar drama playing out in the South African market now or any time soon.
Not that there isnât a large number of potential retail investors who wouldnât like to ‘stick it’ to powerful institutional investors. But the fact is that although South Africa is ahead of many emerging markets when it comes to short-selling, the local market is not active or robust enough to support the type of frenzied trading that saw GameStopâs share price rocket from around $40 to just below $400 in less than a week.
First published in the Daily Maverick 168 weekly newspaper.
Here are a few eye-watering, mind-blowing take-outs from this week’s hearings into the State Security Agency (SSA) at the Commission of Inquiry into State Capture, chaired by Deputy Chief Justice Zondo.
The commission heard evidence from Dr Sydney Mufamadi, chair of the High Level Panel Review into the SSA; Loyiso Jafta, acting director-general of the SSA; and Ms K, an investigator with the current iteration of the SSA’s Project Veza, aimed at uncovering wide-scale malfeasance at the SSA. The commission heard that:
Thulani Dlomo, Jacob Zuma’s personal spy, unlawfully established a Central Directorate for Special Operations (CDSO) within the SSA, unaccountable to anyone but the President. Special Ops had access to limitless secret funds for a variety of propaganda projects targeting the judiciary, media, trade unions, civil society, NGOs, academia, and ANC and government officials perceived as potential “enemies of
All panellists wish to state that they have
learnt in the course of this Inquiry that the current system of self- or
co-regulation of the print and online media and by the broadcasting industry appears
to be working well and to the benefit of the South African democracy.
18/1/2020
Few commercial sectors engaged in the level of introspection and self-regulation as the Fourth Estate and the two and a half year SANEF commission of inquiry into ethical challenges facing South African journalism showed that there was no need for politically-imposed strictures here.
This opinion was expressed by retired judge Kathleen Satchwell at a
JSE probing 400% rise in share price of Iqbal Surve-linked AYO zimbabwestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwestar.com Daily Mail and Mail on Sunday newspapers.