JSE CEO comes clean about the stock exchange’s misleading foreign trade stats

It’s deeply embarrassing... We’re taking this extremely seriously...

Nicky Newton-King, JSE CEO

The Johannesburg Stock Exchange (JSE) has confirmed a technical malfunction that led to it incorrectly label foreigners as net buyers of South African equities.

The computer error caused it to indicate foreign investment into South Africa of over R98 billion in the three months to July.

However, foreigners actually sold R36.35 billion worth of South African assets.

The Money Show’s Bruce Whitfield interviewed JSE CEO Nicky Newton-King.

Scroll down for quotes from the audio below.

I’d be surprised if people relied on this single piece of information to make investment decisions...

Nicky Newton-King, JSE CEO

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the six most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
The rand is on a rampage

The rand is on a rampage

The rand is going from strength to strength. The Money Show’s Bruce Whitfield interviews Treasury One’s Andre Cilliers.

How Zambeef became Zambia's largest integrated agribusiness

How Zambeef became Zambia's largest integrated agribusiness

Nikiwe Bikitsha shares the success of a business model which includes activities as widespread as processing food and making shoes

How to successfully pass a business from one generation to the next

How to successfully pass a business from one generation to the next

Succession in a family business often fails. Aurik Business Accelerator’s Pavlo Phitidis on how to make it work…

The value of scrounging (or going into debt) to afford private school

The value of scrounging (or going into debt) to afford private school

The Money Show’s Bruce Whitfield interviews Veritas Wealth Certified Financial Planner Barry O'Mahony.

How Blu Blood is taking comedy to every corner of SA (and soon the world!)

How Blu Blood is taking comedy to every corner of SA (and soon the world!)

The Money Show’s Bruce Whitfield interviews Blu Blood cofounder Osman Osman for his weekly “ShapeShifter” feature.

5 global threats to your bank balance

5 global threats to your bank balance

The Money Show’s Bruce Whitfield interviews ETM Analytics Chief Economist George Glynos.

Popular articles
Naked Scientist reveals the real cure for a hangover (and its not hot wings!)

Naked Scientist reveals the real cure for a hangover (and its not hot wings!)

Dr Chris Smith gives insights on what peaks your interest.

10-year-old girl provides shoes and socks for those who don't have any

10-year-old girl provides shoes and socks for those who don't have any

Rubi Nates wants to help the less fortunate with shoes and socks in her drive and is encouraging others to do the same.

The rand is on a rampage

The rand is on a rampage

The rand is going from strength to strength. The Money Show’s Bruce Whitfield interviews Treasury One’s Andre Cilliers.

[CARTOON] Poephol With a Taste For Strife

[CARTOON] Poephol With a Taste For Strife

EWN's Dr Jack & Curtis take a look at the Spur confrontation that has taken the country by a storm.

No escaping the tax man even if you work outside SA

No escaping the tax man even if you work outside SA

Government is intending to change the way foreign income is taxed by introducing taxes to a large South African diaspora.

Sale of Tafelberg gets green-light from Cape Town City

Sale of Tafelberg gets green-light from Cape Town City

Despite months of protests and lobbying, affordable housing and redevelopment finally lose the battle for Tafelberg site.

Is Uber dying? Stuff’s editor explains…

Is Uber dying? Stuff’s editor explains…

High ranking employees are resigning en masse as crisis upon crisis pummel lossmaking Uber.

Spur tightens its belt as 'two for the price of one' Monday burger special ends

Spur tightens its belt as 'two for the price of one' Monday burger special ends

The CEO of Spur says food inflation has played a big role in making this difficult decision.