Business Times

‘Programming error’ blamed for R98.1bn miscalculation

25 July 2016 - 12:41 By Robert Laing
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The JSE might look glitzy but is littered with pitfalls for would-be investors who don’t know what they’re doing.
The JSE might look glitzy but is littered with pitfalls for would-be investors who don’t know what they’re doing.
Image: Katherine Muick-Mere

The JSE said on Sunday that a R134.45bn computer glitch caused it to claim foreigners had invested R98.1bn in SA over three months to July when they had actually divested R36.35bn.

Business Day reported on Monday that the JSE described the glitch as a “programming error”.

The corrected data showed there were net foreign purchases in July, but a meagre R500m rather than the R27.9bn the JSE originally reported.

See the full story on BDlive

 

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