Bloomberg News

Gijima Falls Most in Two Weeks as South Africa Probes Contract

January 24, 2012

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


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