ABC delists from BSE
Monday, January 26, 2015
In a statement the company said that as of January 26, 2015, ABC Holdings Limited Shareholders would no longer be able to trade their shares on the BSE. The final settlement date is January 29, 2015.
The delisting follows the takeover by the pan African focused banking group and London stock exchange-listed Atlas Mara. The group has since appointed Dr Blessing Mudavanhu as acting group chief executive officer with effect January 1, 2015.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...