The JSE has given Vesta Technology Holdings until the end of this month to publish its annual report or have its listing suspended.
In terms of the JSE`s rules, listed companies have to submit their annual reports within six months of the end of their financial year.
Since Vesta has an August year-end, it should have submitted its annual report by the end of last month.
The JSE says in a standard notice issued this morning that should Vesta not submit its report by 31 March, its listing will be suspended pending a meeting of the JSE to consider the continued suspension or termination of the listing.
Vesta is the holding company for a group of IT services and solutions providers.
The company incurred a headline loss of 5.4c a share in the 2002 financial year, considerably worse than the 0.8c a share loss of the previous year. The previous year`s results were restated because the balance of deferred tax was overstated by R353.53 million.
However, CE Frederick Morrison said when he announced the results in November that a rationalisation exercise would see the group return to profitability in the current financial year.
Morrison is away on leave and financial director Edward Thomas had not returned a call by the time of publication.
The Vesta share was untraded at 2c this morning.
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