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.
Answer:
The correct answer is letter "C": There should be discussion and well understood ways that the partners will handle disagreements and have a written exit strategy.
Explanation:
The Model Business Corporation Act (<em>MBCA</em>) is a set of laws meant to regulate business practices. The Act or at least part of it is accepted by every state of the U.S. The MBCA goes over different topics related to the establishment of a corporation such as the steps related to creating the firm, the liability and its effects, corporate management structure and good practices to avoid internal misunderstandings.
Answer:
shift the supply curve to the right.
Explanation:
In production when there is an improvement in production, it results in higher output rate from the supplier. This will shift the supply curve to the right.
Customers will demand less of the product bas there will be surplus in the economy.
The price will fall to a new equillibrum level as illustrated in the attached diagram to position F and equillibrum quantity increases to q1.
For example if rate of production of computers goes up there will be excess being supplied shifting supply to the right. Due to surplus price will fall. The result will be purchase of more computers at lower price.
Answer:
The law of decreasing marginal utility states that the actual utility obtained from carrying out some specific activity decreases as you perform that activity more often. E.g. you are very thirsty and decide to drink a glass of Coke. The first glass will yield a very high number of utils. If you are still thirsty, you might drink a second glass, but this time the second glass will yield a lower amount of utils. If you keep drinking more Coke, eventually you will be full and will not even enjoy drinking it.
The opposite happens with the marginal cost of carrying out an activity. For example, you like to bike outdoors. Biking outdoors one day per week will cost you X amount (including actual costs of biking plus opportunity costs). But if you decide to do it 2 times per week, your opportunity costs will increase. If you decide to do it 3 or more times per week, you better be good enough to become a professional or have a very tolerant boss. Opportunity costs of biking outdoors more days per week will keep increasing.
Acme Shareholders, Acme clients, and Acme employees are bearing this corporate tax boom.
Acme Inc tried to catch up on this increase by decreasing dividends paid to shareholders by way of $50,000, increasing the sale fees impacting clients by $30,000, and putting off a corporate Thanksgiving party to save $20,000 impacting Acme's employees.
A corporate tax is a tax on the profits of an employer. The taxes are paid on a company's taxable earnings, which incorporate sales minus the cost of products sold (COGS), preferred and administrative (G&A) costs, selling and advertising, research and improvement, depreciation, and different working fees.
Toyota, an eastern business enterprise, makes income within the USA. Toyota has to pay corporate tax to the USA authorities on its US earnings. domestic groups that are chargeable for foreign corporate taxes generally get hold of an overseas tax credit score for such taxes.
Learn more about corporate tax here: brainly.com/question/25783927
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