Insider dealing in South Africa – the criminal aspects

Abstract

The new criminal provisions aimed at the regulation of insider dealing In South Africa, although an improvement on the old, are of dubious merit, This article purports to show how the Legislature, through suspect draftmanship, conceptual deficiencies and an over-generous borrowing from American legislation has possibly failed in Its attempt to create an effective weapon in its battle with what is admittedly an extremely vexed problem.

Keywords:

• companies act
• fraud
• insider dealing
• securities exchange panel
• securities legislation
• stock exchange

Additional information

Notes on contributors

R.D Jooste

R. Jooste is Associate Professor of Law at the University of Cape Town