A company has been fined for making allegations of share price manipulation - and not the other way around.
The JSE has censured Mantengu Mining and imposed a suspended R100,000 fine after finding that the company published allegations of share price manipulation that were not adequately substantiated.
The censure follows two voluntary announcements issued by Mantengu on the Stock Exchange News Service (SENS) on 8 and 9 May 2025, titled “share price manipulation – criminal complaint” and “warning of shorting risk”.
According to the JSE, the announcements contained “speculative, unverified and unsupported” allegations and did not meet the standards required under the exchange’s Listings Requirements.
The exchange said the disclosures did not constitute price-sensitive information in terms of its rules and therefore should not have been published in that form.
