Tuesday, October 4, 2016

The JSE and the FSB

...following a successful appeal lodged by the JSE. The appeal to the Financial Services Board’s (FSB’s) appeal board has resulted in the suspension of ZAR X’s conditional licence, while the FSB’s registrar responsible for securities services explains why he did not entertain the JSE’s objections to ZAR X’s licence application.

(Business Day 5 August 2016) This type of behaviour by a firm to keep the competition at bay is despicable. Fuck what are they afraid of? ...and then the regulator that panders to the big boy. Sorry both become poepolle. But perhaps I as the man in the street just do not understand.

But I did hope that we lived in a market economy, but perhaps I got it wrong...

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