appendix 3x, page-7

Mmm, well we all know the first reason given for directors not buying shares, 13 pieces of inside info, proved false. As i recall, the second excuse given, exchange controls, was not stated as from the company but came from those that have regular contact with the company.

It would be useful to get feedback on this, perhaps from South Africans who understand how exchange controls work.

Myself, I have not noticed SA based directors in other companies being restricted from buying shares. Also, I thought exchange controls had been loosened somewhat in recent years? Certainly even at the most difficult times the wealthy South Africans that I have know tended to operate out of offshore accounts and did not complain of restrictions.