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Africa's Top Bourse Weighs AIDS Reporting

April 2, 2003

Africa's largest stock exchange could require listed companies to include cases of HIV/AIDS in their corporate reporting. "We are working with the South African Institute of Chartered Accountants, listed companies and a range of other parties to see if it's possible to have an accounting standard and some sort of reporting requirements specifically related to HIV/AIDS," said Russell Loubser, president of the Johannesburg Stock Exchange. The thinking behind the requirement is that the financial well being of a company is directly related to the health of its work force. The JSE ranks as the world's 14th largest exchange by market capitalization and currently lists 462 companies. Last year, a voluntary and anonymous survey of 320 JSE staff found that four of 210 who tested were HIV-positive, said Loubser. "We wanted to go through the same sort of process that other organizations will have to experience down the line," he said.

Back to other CDC news for April 2, 2003

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Adapted from:
Wall Street Journal
04.02.03


  
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This article was provided by CDC National Prevention Information Network. It is a part of the publication CDC HIV/Hepatitis/STD/TB Prevention News Update.
 
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