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
What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?
The Money Show’s Bruce Whitfield interviews Ford South Africa CEO Jeff Nemeth.
Bruce Whitfield interviews J Brooks Spector, Daily Maverick’s expert on all things American, for his weekly business book review.
Looking for great investments? Herenya Capital Advisors’ Petri Redelinghuys says you need not look further than these three…
The Free Market Foundation's Leon Louw, however, calls Oxfam "OxScam" and says the organisation does not care about poor people.
The Money Show’s Bruce Whitfield speaks to a woman whose father lost Krugerrands worth almost R1 million.
Dr Chris Smith explains why some people are more desirable than others to mosquitoes.
M&G's Pauli Van Wyk speaks about Public Protector's preliminary report implicating Absa, Reserve Bank, Treasury and Presidency.
Over 100 corrupt Joburg licensing officials will be arrested, explains Herman Mashaba who says it's just the tip of the iceberg.
Social Development announced that 80% of social grant beneficiaries who wrote matric exams obtained a diploma or bachelor pass.
Property economist at FNB, John Loos, says the drop in house prices is due to slow pace in economic growth.
Department of Water and Sanitation says recent rains have increased the Vaal Dam levels but more is still needed.
Political analyst Prince Mashele says Nkosazana Dlamini-Zuma doesn't qualify for presidency and has nothing to offer to citizens.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
South Africa's top-selling female recording artist in history, Patricia Lewis, tells Xolani Gwala about what she is up to now.