GOLD BOOM DELAYS STRATE ROLL-OUT

THE Johannesburg Stock Exchange has put off plans to introduce a second company in its pilot project to phase out paper-based transactions after trades in an initial test company exceeded planned volumes due to a resurgent bullion. Harmony Gold piloted the JSE’s project to move to paperless trading last week with the conversion of its ownership certificates to electronic registers. A second company to move its share ownership to electronic register was due to be announced on Monday but Singer said this had been put off due after Harmony trades shot up on the back of a resurgent gold price.