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Gijima stock hit by reports of probe

Jan 23 2012 11:53 Reuters

Company Data

Gijima Group Limited [JSE:GIJ]

Last traded 0.60
Change 0.02
% Change 0.03
Cumulative volume 3000
Market cap 119.05m

Last Updated: 23/04/2014 at 11:14. Prices are delayed by 15 minutes. Source: McGregor BFA

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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.
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