On 24 July 2016 the JSE Limited advised the market that incorrect data was reported for the trading of equities by non-residents for the period 31 May to 20 July 2016.
It was reported that due to a programming error affecting the manner in which statistical data is extracted from the 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.
It was further stated that the programming error was corrected. 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 incorrect 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).
It is important that the reliability of information released to the public by a market infrastructure, in this case an exchange, is assured and maintained.
The error has raised concerns in the market and amongst fellow regulators. The Financial Services Board wishes to assure the market that it is looking into the circumstances of the lead up and causes of the error, and will be taking appropriate steps in this regard.