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Five JSE stocks that left investors in tears

The article from Daily Investor discusses five Johannesburg Stock Exchange (JSE) listed companies whose stocks significantly underperformed, leading to substantial losses for investors. Tongaat Hulett saw its shares plummet due to accounting irregularities and financial distress, eventually leading to business rescue proceedings. Steinhoff International experienced a dramatic fall after revealing accounting fraud, causing its share price to drop by over 95% from its peak. African Bank collapsed in 2014 due to bad loans and poor risk management, resulting in a complete wipeout for shareholders. Resilient Reit was embroiled in a scandal involving allegations of round-tripping and manipulation of financial statements, which led to a significant loss in investor confidence and share value. Lastly, Sasol faced challenges from project delays, cost overruns, and a drop in oil prices, which together contributed to a sharp decline in its stock price. Each of these cases highlights different risks associated with investing in the stock market, from corporate governance failures to external economic pressures.

Read the Full dailyinvestor Article at:
[ https://dailyinvestor.com/investing/73596/five-jse-stocks-that-left-investors-in-tears/ ]