BSE freezes trading of 750m shares
Friday, May 27, 2016
BSE CEO Thapelo Tsheole
The CSD was introduced in 2008 as a computer system that facilitates the holding of securities in electronic accounts in contrast to paper certificates that the exchange had been using.
Deadline for dematerialisation of shares was March 31, 2016 and the BSE says all the shares that have not been transferred to the CSD have now been placed into a dormant account where they cannot be traded.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...