A company is considering further legal action after the JSE fined and censured it for alleging that there had been manipulation of its shares.
Mantengu Mining, publicly censured and fined by the JSE days ago, is considering further legal options, including the possibility of seeking reconsideration before the Financial Services Tribunal or a review by the High Court.
The JSE censured Mantengu and imposed a suspended R100,000 fine after finding that the company published allegations of share price manipulation that the bourse said were not adequately substantiated.
The censure follows two voluntary announcements by Mantengu on the JSE’s Stock Exchange News Service (SENS) on May 8 and May 9, 2025, titled “share price manipulation – criminal complaint” and “warning of shorting risk”. The JSE says the announcements contained “speculative, unverified and unsupported” allegations.
Mantengu responded Wednesday that it was incorrect to claim that its allegations were without evidence.
