Trustco slapped with punitive costs in battle with JSE
The SCA affirms the JSE’s authority to mandate the restatement of financial statements to ensure compliance with international standards
20 June 2024 - 07:32
UPDATED 20 June 2024 - 08:13
The Supreme Court of Appeal (SCA) has confirmed the JSE’s authority to compel companies to restate financial statements to ensure compliance with international standards, slapping Trustco with punitive costs in its long-running battle with the JSE and Financial Services Tribunal.
This is as the country’s second-highest court dismissed an appeal by the group controlled by billionaire Quinton van Rooyen...
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