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May 25 2012 13:58
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May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - Shares in
Mercantile Bank Holdings [JSE:MTL] opened down 4.55% to 21c on Wednesday after the bank said late on Tuesday it called off talks with black investors.
The bank said it terminated current talks with black economic empowerment (BEE) partners due to international market conditions.
"Mercantile remains committed to empowerment at shareholder level and will continue to explore appropriate opportunities based on conducive market circumstances, the bank said in a statement on Tuesday, after the market closed.