Enforcement Actions

Date Contravention Security Respondents/ defendants Outcome  

2010-06-30

Section 73 of the Securities Services Act (insider trading)

MTL

Mr G L van Niekerk

Administrative penalty R16 000

Transcript of Determination

2010-06-30

Section 75 of the Securities Services Act (Market Manipulation)

CAE
BEG

Mr T Pretorius

Administrative penalty R2 000 000

Transcript of Determination

2010-06-01

Section 73 of the Securities Services Act ( Insider Trading)(1)and Section 76 of the Securities Services Act (False Reporting)

SNU

Mr J Pieterse
Mr N van der Merwe

Administrative penalty R1 000 000 First respondent

Transcript of Determination

2010-03-15

Section 73 of the Securities Services Act (insider trading)

DYM
CAE

Mr M J I Brown and
Mr R McGregor
Mr A D Cheminais

Administrative penalty R75 624 First respondent Acquittal Second respondent Administrative penalty R50 000 Third respondent

Transcript of Determination

2009-10-21

Section 73 of the Securities Services Act (Insider Trading)

WSL

Mr M Meyer

Administrative penalty
R150 000

Transcript of Determination

2009-09-29

 

Section 76 of the Securities Services Act (false reporting)

LAB

Labat Africa Limited and Mr B G van Rooyen

 

Administrative penalties R25 000 per respondent

 

Transcript of Determination

2009-09-22

 

Section 75 of the Securities Services Act (market manipulation) and Section 76 of the Securities Services Act (false reporting)

MTE
CRW

Mr N L Hittler

 

Administrative penalty
R1 000 000 (for section 75)
R10 000 (for section 76)

 

Transcript of Determination

2009-09-22

 

Section 73 of the Securities Services Act (insider trading)

MRB

Mr G Pietersen

 

Administrative penalty R94 500

 

Transcript of Determination

2009-09-07

 

Section 76 of the Securities Services Act (false reporting)

ALJ

AH-Vest Limited (formerly known as All Joy Foods Limited) and Mr M Pather

 

Administrative penalties R1,5 million per respondent

 

Transcript of Determination

2009-07-16

Section 76 of the Securities Services Act (false reporting)

STA

Stratcorp Limited

Administrative penalty
R50 000

Transcript of Determination

2009-07-16

Section 73 of the Securities Services Act (insider trading)

RBW

Mr G D de Jager

Administrative penalty
R587 511

Transcript of Determination

2008-11-27

Section 76 of the Securities Services Act (false reporting)

WLL

Mr D Marais and
Mr B Meyer

Administrative penalties R100 000 per respondent

Transcript of Determination

2008-11-27

Section 73 of the Securities Services Act (insider trading)

MRB

Mr C G Chelin

Administrative penalty
R94 500

Transcript of Determination

2008-11-27

Section 75 of the Securities Services Act (market manipulation)

IPL

Mrs K Cull

Administrative penalty
R25 000

Transcript of Determination

2008-11-27

Section 73 of the Securities Services Act (insider trading)

YRK

Dr W J Fouché
Mr W J Fouché
Dr E Fouché and
Mr L van Luik

Administrative penalties:
R30 000 for first three respondents
and
R58 611 for fourth respondent

Transcript of Determination

2008-11-27

Section 73 of the Securities Services Act (insider trading)

ASR

Assore Limited

Administrative penalty
R2,5 million

Transcript of Determination

2008-11-27

Section 75 of the Securities Services Act (market manipulation)

Sunflower

Mr A J van Zyl

Administrative penalty
R50 000

Transcript of Determination

2008-04-03

Section 75 of the Securities Services Act (market manipulation)

STA

Mr H P Olivier

Administrative penalty
R10 000

Transcript of Determination

2008-04-03

Section 75 of the Securities Services Act (market manipulation)

KNG

Mr A Erasmus

Administrative penalty
R10 000

Transcript of Determination

2008-04-03

Section 73 of the Securities Services Act (insider trading)

MRB

Mr B S Davies

Administrative penalty
R36 000

Transcript of Determination

2008-04-03

Section 75 of the Securities Services Act (market manipulation)

SVB

Mr P F du Toit

Administrative penalty
R10 000

Transcript of Determination

2008-04-03

Section 75 of the Securities Services Act (market manipulation)

NRD

Mr G D Cocolas

Administrative penalty
R750 000

Transcript of Determination

2007-11-01

Section 75 of the Securities Services Act (market manipulation)

IFR
SAR

Mr M Berman and
Mr N Stacey

Administrative penalties of R2 million per respondent. Administrative penalty for first respondent reduced to R1 million on appeal

Transcript of Determination

2007-10-15

Section 73 of the Securities Services Act (insider trading)

ITI

Mr D de W Koen and
Mr K Gilliland

Civil settlement (High Court case 2003/6460) R275 000 per defendant

Media Realse

2006-12-20

Section 76 of the Securities Services Act (false reporting)

SCN

Scharrig Mining Limited and
Mr Jason Holland

Administrative penalty
R750 000

Media Release

2006-12-20

Section 73 of the Securities Services Act (insider trading)

SCN

Mr Jason Holland

Civil settlement R109 440

Media Release

2006-11-07

Section 73 of the Securities Services Act (insider trading)

SKL

Mr J S van der Merwe and Mr N M Ingledew

Civil settlement (High Court case no 2000/13325)
R400 000 per defendant

Media Release

2006-09-19

Section 73 of the Securities Services Act (insider trading)

SCN

Mr P Katzenellenbogen

Civil settlement R180 600

Media Release

2005-07-27

Section 6 of the Insider Trading Act

PDM

Mr M T Forster

Civil settlement (High Court case no 2003/15379)
R330 000

Media Release

2004-12-28

Section 6 of the Insider Trading Act

CAS

Mrs M Katz

Civil settlement (High Court case no 2003/27415) R2 851 635

Media Release

2004-04-16

Section 6 of the Insider Trading Act

UNF

Mr K P E Davies

Civil settlement
R487 136

Media Release

2004-04-07

Section 6 of the Insider Trading Act

DTC

Deutsche Bank Limited

Civil settlement (High Court case no 2002/27587) R24 million

Media Release

2003-10-30

Section 6 of the Insider Trading Act

ALC

Mr F J C Hugo

Civil settlement (High Court case no 2002/23491) R260 485

Media Release

2002-12-20

Section 6 of the Insider Trading Act

CAS

Mr D J Vermeulen and L B Gottlieb

Civil settlement (High Court case no 2003/27415) R607 170 and R619 170

Media Release

2002-10-04

Section 6 of the Insider Trading Act

ALC

Messrs M S Bhana, F Bhana, F Essay, R Mahomed and N Mahomed

Civil settlement R5,5 million

Media Release

2002-05-23

Section 6 of the Insider Trading Act

TCM

Mr A Dubbelmann

Civil settlement R292 425

Media Release

2002-01-17

Section 6 of the Insider Trading Act

LST

Mr M Y Kajee

Civil settlement R145 800

Media Release

2001-12-03

Section 6 of the Insider Trading Act

BDS

Mr G H Ramsay

Civil settlement R55 500

Media Release

2001-11-09

Section 6 of the Insider Trading Act

GRF

Mr H Turner

Civil settlement R27 000

Media Release

2001-09-25

Section 6 of the Insider Trading Act

SPI

Mr J W du Toit

Civil settlement R4,2 million

Media Release

2001-05-21

Section 6 of the Insider Trading Act

DTC

Mr J P Montanana and Mr R Rindel

Civil settlement R1 000 000

Media Release

2001-12-03

Section 6 of the Insider Trading Act

BDS

Mr G H Ramsay

Civil settlement R55 500

Media Release

2000-08-15

Section 6 of the Insider Trading Act

STY

Mr N Alexander

Civil settlement R342 920

Media Release

2000-08-08

Section 6 of the Insider Trading Act

LTR

Mr A K Peer

Civil settlement R1 278 545

Media Release

2000-06-15

Section 6 of the Insider Trading Act

BRY

Mr H C Guthrie and Mrs N J F Wade

Civil settlement R1 1 017 135 and R10 200

Media Release

1999-12-23

Section 6 of the Insider Trading Act

IFS

Mr R D Sackstein and

Civil settlement R1 085 649

Media Release

1999-12-23

Section 6 of the Insider Trading Act

BRC

Mr J Livingstone

Civil settlement R41 700

Media Release

1999-12-08

Section 6 of the Insider Trading Act

BEG

Mr S R Rogers

Civil settlement R800 000

Media Release

1999-10-26

Section 6 of the Insider Trading Act

KGM

Not identified

Civil settlement R33 616

Media Release

1999-10-26

Section 6 of the Insider Trading Act

IDI

Not identified

Civil settlement R209 076


1999-06-30

Section 6 of the Insider Trading Act

MMW

Not identified

Civil settlement R13 950