Securities Services Act, 2004 (Act No. 36 of 2004)Chapter VIII : Market AbuseOffences76. False, misleading or deceptive statements, promises and forecasts |
| (1) | No person may, directly or indirectly, make or publish in respect of listed securities, or in respect of the past or future performance of a public company— |
| (a) | any statement, promise or forecast which is, at the time and in the light of the circumstances in which it is made, false or misleading or deceptive in respect of any material fact and which the person knows, or ought reasonably to know, is false, misleading or deceptive; or |
| (b) | any statement, promise or forecast which is, by reason of the omission of a material fact, rendered false, misleading or deceptive and which the person knows, or ought reasonably to know, is rendered false, misleading or deceptive by reason of the omission of that fact. |
| (2) | A person who contravenes subsection (1) commits an offence. |