JSE plays down R98bn computer glitch
25 July 2016
Johannesburg - The Johannesburg Stock Exchange (JSE) has played down an error that incorrectly represented foreign sellers of equities as net buyers of R98.1bn of local stocks.
The JSE said that instead of foreigners investing a net R98.10bn in SA portfolios between May and July 20, these foreigners were net sellers of an accumulative R36.4bn during the period.
Furthermore, the JSE said these foreigners were buyers of just R0.05bn in July to date.
The bourse blamed the error on a computer programming problem which impacted the manner in which data was extracted from core transactional systems.