Browsing by Subject "trading regulations"

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    Open Access
    'Insider trading regulation': to be or not to be?
    (2010) Adetoun, Adedurotiivii Omowunmi; Jooste, Richard
    Insider trading may be defined as the act of trading in company securities by persons often referred to as insiders who by virtue of their relationship to the company, possess some information, not available to the public, but material to the securities concerned. For instance, insider trading occurs where a director knows that a company is in a bad financial state and sells his shares in it knowing that in a few days, a cut in the dividend payment will be made public. Likewise, the director will be an insider trader if on being informed before it was generally made public that the company has discovered oil on its own land, he buys more shares in the company with the hope of an increase in their market value as soon as the information is made public. There are two schools of thought with strong and divergent views on the effect of insider trading generally and particularly as it affects the stock market and the investing public. The proponents of the first school of thought encourage trading on insider information for its many advantages. According to them, the stock market generally feeds and grows on free flow of information. Disallowing insider trading would mean hampering the flow of trade. Furthermore, they have argued that insider trading is fundamental to capitalism because it pushes prices in the right direction, increases the number of transactions and provides the only real recompense for entrepreneurs. In addition, they are of the opinion that long-term investors stand a chance to benefit immensely from the act.
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    Open Access
    The social assistance act has been interpreted to delegate the decisions on the qualifying age limit and income threshold for the child support grant to two executive ministers. is the delegation constitutional?
    (2010) Proudlock, Paula; Corder, Hugh
    Sections 5(2), 32(1) and (2), of the Social Assistance Act 13 of 2004 have been interpreted by the Ministers of Social Development (SD) and Finance to delegate authority to them to determine the age limit of children and the income threshold of caregivers who qualify for the Child Support Grant (CSG). The Minister of SD, with the concurrence of the Minister of Finance, has promulgated two sets of regulations in terms of s32 of the Act. The first set was promulgated in February 2005 ('the 2005 regulations'). The second set, which repealed the first set, was promulgated in August 20083 ('the 2008 regulations'). In regard to the age limit, the 2005 regulations set the age limit at 14 years and the 2008 regulations set the age limit at 15 years with effect from 1 January 2009. The current age limit is therefore 15 years of age. This means that children qualify until their 15th birthday after which their grant is terminated, and that children who are already 15 years of age or older do not qualify for the CSG.