Johannesburg stock exchange suspends trading oandos shares

It appears that you're referring to a recent news article about the Johannesburg Stock Exchange (JSE) suspending trading of Oando's shares.

For those who may not be aware, Oando is a Nigerian oil and gas company listed on the JSE, as well as the Nigerian Stock Exchange (NSE). The company has been embroiled in a controversy surrounding its financial statements and governance issues.

According to reports, the JSE suspended trading of Oando's shares on November 12, 2020, citing concerns over the company's ability to meet its listing requirements. The suspension was reportedly due to Oando's failure to provide adequate information to the JSE regarding its financial statements and governance issues.

The JSE's decision to suspend trading of Oando's shares was likely a precautionary measure to protect investors and maintain market integrity. The exchange may have been concerned that the company's financial statements and governance issues could impact its ability to meet its listing requirements, which could in turn affect investor confidence and the overall stability of the market.

It's worth noting that the NSE had also suspended trading of Oando's shares in October 2020, citing similar concerns over the company's financial statements and governance issues.

The suspension of Oando's shares on the JSE is likely to have significant implications for the company, its investors, and the broader market. The company will need to address the concerns raised by the JSE and provide adequate information to restore trading of its shares.