Listings, Stock Exchanges & Public Documents News
More newsJSE launches simplified listings requirements
Upon its return from the December break big business will be greeted by the long-anticipated overhaul of the JSE Listings Requirements, which have an effective date of 12 January 2026 and aim to enhance the modernity and competitiveness of the JSE's regulatory regime.
Claiming “COVID-19 made me do it” simply isn’t good enough when deciding to defer or cancel the declaration or payment of a dividend
The national lock-down and the international effects of the COVID-19 pandemic have wreaked havoc on companies’ cash flows and have in many cases made it very difficult to predict their short to medium term liquidity position with any degree of confidence. Many JSE-listed companies have therefore been desperately scrambling to cancel or defer their payment obligations in respect of dividends already declared or are hurriedly devising strategies to avoid declaring dividends at all. These companies, while appearing to have good commercial reasons for doing so, should ensure that their actions are lawful and that they do not expose themselves to legal risk.