Gijima Falls Most in Two Weeks as South Africa Probes Contract
January 24, 2012, 3:07 AM ESTBy Vernon Wessels
Jan. 23 (Bloomberg) -- Gijima Group Ltd., a South African computer-services company, fell the most in more than two weeks after South Africa’s anti-corruption agency started a probe into a government contract.
The stock declined 6.3 percent to 60 cents as of 9:07 a.m. in Johannesburg, the biggest intraday drop since Jan. 4. Gijima will cooperate with a probe by the Public Protector into a 2.3 billion-rand contract awarded to it by the Department of Home Affairs, the company said in a statement, distributed by the Johannesburg Stock Exchange today.
Link to Statement:{NSN LY8JVR3HBS3K <GO>}
To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net
