​​​Incorrect calculation of non-resident statistics

Johannesburg, 24 July 2016: It has come to the JSE’s attention that due to a programming error affecting the manner in which it extracts statistical data from its core transactional systems, the non-resident (foreign trading) statistics for the Equity Market for the period 31 May to 20 July 2016, were incorrectly calculated.  

The programming error was corrected on 21 July 2016 and daily reports received from 22 July 2016 are accurate as is the source data.  

The correct non-resident statistics for the period are: May 2016 (net sales of R16.1 billion); June 2016 (net sales of R20.3 billion); July 2016 to date (net purchases of R0.05 billion). This compares to the previously published non-resident statistics of the same period: May 2016 (net purchases of R6.4 billion); June 2016 (net purchases of R63.8 billion); July 2016 to date (net purchases of R27.9 billion). 

Updated statistics will be available on its website at https://www.jse.co.za/trade/equity-market/non-res by 17:00 on 25 July 2016. Subscribers will receive corrected statistics on 25 July 2016. 

“We have taken immediate steps to correct the statistics and we are considering additional measures to avoid a reoccurrence. We recognise the importance of this data to all stakeholders and apologise for the miscalculation, says Leanne Parsons, Director Information Services at the JSE.

​ENDS

ABOUT JSE 

The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 125 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za 

Issued by:

H+K Strategies South Africa 
Vivienne Fouche
Tel: +27 11 463 2198 
Email: vivienne.fouche@hkstrategies.co.za 

​JSE contact: 

Pheliswa Mayekiso 
Media and Internal Communications Manager
Tel: +27 11 520 7495
Email: PheliswaM@jse.co.za