Fin24

Gijima stock hit by reports of probe

2012-01-23 11:53

Johannesburg - Shares of Gijima AST [JSE:GIJ] slid more than 6% after press reports that the information and communication technology company is under investigation by South Africa’s anti-corruption watchdog over the awarding of a government contract.

The department of home affairs gave Gijima the R2.3bn contract to modernise its information systems in 2007.

“The board is confident that nothing untoward will be discovered,” Gijima said in a statement to the JSE.