The Johannesburg Stock Exchange (JSE) is pleased to announce that it has embarked on a process to incorporate JSE Investor Services Proprietary Limited (JIS) as a wholly owned subsidiary of the JSE by acquiring the minority shareholding of 25.15 % from LMS Partner Holdings. The acquisition is subject to the fulfillment of suspensive conditions. In November 2020, the JSE acquired a 74.85% shareholding in JIS (formerly Link Market Services South Africa Proprietary Limited). JIS provides Share Registry, Custody and Investor Services to its clients.
JIS CEO, Iqbal Haniff, will remain as CEO until June 2022, fulfilling his obligations as part of the transaction. A process to recruit for a new successor will begin later this year to ensure a smooth transition and handover period between the new CEO and Mr Haniff. This will support the JSE’s commitment to knowledge transfer, continuity in operations and trusted relationships with clients. Haniff will remain available thereafter on a consultative basis to JIS.
“I wish to thank Iqbal for his incredible leadership at JSE Investor Services, building the company over the years making it a full-service business that is meeting the needs of our clients. I look forward to working closely with him during his transition and continuing a long-standing relationship with him well into the future,” says Leila Fourie, CEO of the Johannesburg Stock Exchange.
In order to strengthen JIS’ proposition to its clients, JIS has reached an agreement with Investec Share Plan Services Proprietary Limited (“ISPS”) to acquire a portion of its share plan services business. The arrangement includes a licensing and support services agreement with ISPS for the share plan services administration platform. ISPS will retain the brokerage business within its existing business operation. This acquisition and association will enable JIS to expand its Broad Based Black Economic Empowerment and employee share administration services product offering. JIS will assume the relationship with over 90 clients, supporting JSE Group’s strategy to expand its client base and diversify its revenue.
“We are continuously looking at new ways to innovate and to service our ever growing client needs. We believe that this expansion into executive employee share services will create more opportunities for the JSE to provide the right solutions for our clients. We are excited about the opportunities that this initiative affords both JIS and Investec,” concludes Fourie.
<span>The correct answer is </span><span>social exchange. This will have you believe that people stay in relationships even when not fully satisfied, which is kind of wrong because often people run away the second they are bothered by something, or stay in a relationship even when they have no benefits at all and don't even love the person out of fear or something similar.</span>
Question Completion:
The impact on accounting equation:
Answer:
Assets = Liabilities + Equity
a. Cash +$6,200 = Liabilities + Retained Earnings + $6,200
b. Accounts Receivable +$4,700 = Liabilities + Retained Earnings + $4,700
c. Cash -$1,750 = Liabilities + Retained Earnings -$1,750
d. Cash + $2,350; Accounts Receivable -$2,350 = Liabilities + Equity
e. Cash - $840 = Liabilities + Retained Earnings -$840
Explanation:
The accounting equation states that Assets = Liabilities + Equity. This equation means that every business transaction has effect on either side or both sides of the equation. For every transaction, the Assets are increased or decreased and Liabilities + Equity are increased or decreased. And sometimes, only one side is affected by a transaction. This means that the affected side is increased and decreased by one transaction. Case "d" is typical example.
Answer:
d. a palter
Explanation:
Based on the scenario being described within the question it can be said that Kant would call this misleading statement a palter. This term refers to a statement that has been made ambiguous in order to hide the truth from someone or in order to avoid committing yourself to something. Which in this scenario "You" are trying to hide the fact that Bill is playing "hooky" from your boss.
