South African bourse fines Pepkor for breaching listing requirements

Electronic board displaying movements in major indices at the Johannesburg Stock. [Photo: Reuters]

JOHANNESBURG- South Africa’s Johannesburg Stock Exchange (JSE) has fined retailer Pepkor Holdings Ltd for breaching its listing requirements, it said on Monday.

Pepkor failed to disclose the Domestic Medium Term Note (DMTN) Programme guarantee for Steinhoff Services Limited, Business Ventures Investments (BVI) and loans to directors or key management personnel in its pre-listing statement and 2017 financial results, the JSE said in a statement.