{"id":877945,"date":"2026-10-02T08:48:41","date_gmt":"2026-10-02T06:48:41","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=877945"},"modified":"2026-10-02T08:48:44","modified_gmt":"2026-10-02T06:48:44","slug":"us-mining-giant-in-hot-water-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/877945\/us-mining-giant-in-hot-water-in-south-africa\/","title":{"rendered":"US mining giant in hot water in South Africa"},"content":{"rendered":"\n<p>The Johannesburg Stock Exchange (JSE) has issued a public censure against AngloGold Ashanti, an American mining company listed on the South African exchange.<\/p>\n\n\n\n<p>The censure was imposed for the company failing to announce its interim financial results at the same time as when they were announced on the New York Stock Exchange (NYSE) in August 2025.<\/p>\n\n\n\n<p>AngloGold&#8217;s primary listing is on the NYSE, and the company trades on the JSE through a secondary listing.<\/p>\n\n\n\n<p>According to the JSE, the mining giant issued its Q2 and half-year financial results for the six months ended 30 June 2025 in the US, before disclosing the information in South Africa.<\/p>\n\n\n\n<p>When the incident occurred, the JSE required companies with secondary listings on the bourse to disclose all information on the Stock Exchange News Service (SENS) simultaneously with their issuance on other exchanges.<\/p>\n\n\n\n<p>&#8220;An issuer with a secondary listing on the JSE that intends to release information on another exchange is required to ensure that such information is released simultaneously on SENS,&#8221; the JSE said.<\/p>\n\n\n\n<p>The exchange said that AngloGold first published its financial results through Businesswire, a news service for the NYSE.<\/p>\n\n\n\n<p>The results were then published by Bloomberg, once the information became publicly available.<\/p>\n\n\n\n<p>After both of these news services and the US Securities and Exchange Commission (SEC) had published the results, they were released on the SENS.<\/p>\n\n\n\n<p>According to the JSE, the financial results were released as follows in South African standard time:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>12:07 pm via Businesswire, a third-party news distribution service used to disseminate<\/li>\n\n\n\n<li>company announcements to the NYSE market.<\/li>\n\n\n\n<li>12:10 pm on the Company\u2019s website.<\/li>\n\n\n\n<li>12:10 pm Bloomberg disseminated the information after it became publicly available.<\/li>\n\n\n\n<li>12:22 pm through EDGAR at the United States Securities and Exchange Commission (SEC).<\/li>\n\n\n\n<li>12:34 pm on the JSE SENS platform.<\/li>\n<\/ul>\n\n\n\n<p>&#8220;Accordingly, the JSE found the Company in breach of paragraph 18.21(b) of the Listings Requirements<br>in force at the time,&#8221; the JSE said.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Public censure<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/02\/jse-wide.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/02\/jse-wide-1024x576.jpg\" alt=\"\" class=\"wp-image-812753\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/02\/jse-wide-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/02\/jse-wide-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/02\/jse-wide-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/02\/jse-wide.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>The JSE said AngloGold&#8217;s failure to disclose information simultaneously could &#8220;undermine confidence in the market and its fairness&#8221;.<\/p>\n\n\n\n<p>&#8220;The requirement for simultaneous disclosure on SENS and other exchanges is fundamental to the<br>principles of fairness, transparency and market integrity underpinning the Listings Requirements,&#8221; it said.<\/p>\n\n\n\n<p>&#8220;Any delay in releasing information or releasing it on one exchange before another, could result in a risk that some investors receive the information before others.&#8221;<\/p>\n\n\n\n<p>&#8220;This can lead to trading taking place on the basis of information that is not yet available to the wider market. Such situations undermine confidence in the market and its fairness.&#8221;<\/p>\n\n\n\n<p>The South African bourse said that, in this instance, the information published by AngloGold could have materially affected its share price.<\/p>\n\n\n\n<p>&#8220;The information published by the Company was inherently price sensitive as it related directly to the Company\u2019s Q2 and six months ended 30 June 2025 financial results and its dividend declaration,&#8221; the JSE said.<\/p>\n\n\n\n<p>&#8220;The JSE has decided to impose this public censure on AngloGold Ashanti as a result of its failure to comply with important provisions of the Listings Requirements.&#8221;<\/p>\n\n\n\n<p>While AngloGold previously had a large presence in South Africa&#8217;s mining industry, it has since sold all of its operations in the country.<\/p>\n\n\n\n<p>This was completed in 2020, when the company sold its Mponeng underground mine and other related infrastructure to Harmony Gold Mining.<\/p>\n\n\n\n<p>AngloGold also disposed of many of its South African mines to African Rainbow Minerals, the company founded by billionaire Patrice Motsepe, in the 2000s.<\/p>\n\n\n\n<p>Today, despite not having any direct interest in South Africa&#8217;s mining industry, the company continues to trade on the JSE.<\/p>\n\n\n\n<p>The company has a market cap of roughly R785 billion, and was trading at 156,535 cents a share on the JSE when markets closed on 1 October 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The JSE has issued a public censure against AngloGold Ashanti for failing to timeously disclose financial information in 2025.<\/p>\n","protected":false},"author":131,"featured_media":877965,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2105912931598619047","_sma_facebook_post_id":"191437357620492_2223768081776924","_sma_instagram_post_id":"18011317691990816","_sma_x_attempts":1,"footnotes":""},"categories":[9872],"tags":[4663,5862,175],"class_list":["post-877945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-african-rainbow-minerals","tag-anglogold-ashanti","tag-jse"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/877945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=877945"}],"version-history":[{"count":17,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/877945\/revisions"}],"predecessor-version":[{"id":877969,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/877945\/revisions\/877969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/877965"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=877945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=877945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=877945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}