STILL SMELLS FISHY

Finweek English Edition - - INVESTMENT -

To fol­low up on my rant last week about a two-class sys­tem on the JSE - the JSE is in­ves­ti­gat­ing the cir­cum­stances around the Aspen* con­fer­ence call that was only open to a se­lect few. Aspen has vig­or­ously de­fended its ac­tions, sug­gest­ing no in­sider in­for­ma­tion was re­leased. Com­ments were “mis­con­strued or have been quoted out of con­text”. Maybe so, but Aspen’s com­ments about a weaker sec­ond half lo­cally, lower Govern­ment ten­der vol­umes and sup­ply chain prob­lems, all meet the cri­te­ria of in­sider in­for­ma­tion to me.

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