CMB issues temporary transaction ban for two people

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Lerato Khumalo

The following statements were included in the CMB weekly bulletin:

“Due to the existence of reasonable suspicion that the act listed in Article 107/1 of the Capital Markets Law No. 6362 was committed in the transactions carried out in the CVK Mining Enterprises Industry and Trade Inc. stock market, in order to ensure the protection of the rights and benefits of investors within the framework of Article 1 of the Law No. 6362, and in order to prevent transactions aimed at creating an artificial market based on Article 128/1-(a) of the Law No. 6362, in accordance with Article 101/1 of the Law No. 6362 and Articles 5/1 and 6/1 of the Communiqué on Measures to be Applied in Insider Trading and Market Fraud Investigations No. V-101.1; It has been decided to impose a temporary transaction ban on the stock exchanges for 6 months, starting from the transactions dated 23 August 2024, on 2 persons.”