Cape Town - One new case has been added to the investigation list of the Insider Trading Directorate.

The ITD said on Tuesday after its twenty-seventh meeting at the Financial Services Board (FSB) that one new case, namely an investigation into share transactions in Cadiz Holdings Limited, has been added to the investigation list during April 2004.

The directorate stressed that the investigations are not into the affairs of the companies listed, but into trading in shares on the stock exchange.

The investigations into share transactions in NetActive Limited, Top Info Technology Holdings Limited and Carson Holdings Limited were closed.

Investigations are "closed" once it becomes evident that no, or insufficient evidence has been obtained to warrant action in terms of the Insider Trading Act.

There are seven cases currently under investigation.

Along with Cadiz, these are tradings in shares of Hosken Consolidated Investments, Omega Alpha International, Primedia, Redefine Income Fund, Sempres International Technology and Specialised Outsourcing.

The Insider Trading Act empowers the FSB to issue a civil summons against alleged offenders for up to three times the profit gained, or the losses avoided as a result of unlawful insider trading.

The ITD does the investigations into share transactions and transactions in financial instruments that might be in contravention of the act.