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Sanral censured by JSE for 2018 financial errors

The JSE has publicly censured the SA National Roads Agency (Sanral) for errors in its 2018 results that understated losses by about 62%.

As disclosed by Sanral, errors including incorrect classification of assets resulted in initial net loss of R260.35m for 2018 being bumped up to R418.47m.

“The accuracy and reliability of financial information published by issuers are of critical importance in ensuring a fair, efficient and transparent market,” the JSE said.

Sanral’s debt mostly…

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