KWV TO CONTROL ITS SHARE TRADING

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KWV TO CONTROL ITS SHARE TRADING

KWV WILL IN FUTURE BE IN CHARGE OF the trading of its own shares following new trade regulations prohibiting over-the-counter trading. Dr Willem Barnard, CEO of KWV, made this announcement at KWV’s annual meeting in Worcester recently.
The only difference in trading is that KWV will be responsible for creating the market platform for bringing buyers and sellers together – formerly the responsibility of financial service company PSG. However, PSG will still be in charge of trade-related administration. A platform has been created on the KWV website for the trading of shares.
Dr Barnard said KWV will not list on the Johannesburg Securities Exchange for now as this would be an extremely expensive operation. – Glenneis Erasmus