The Johannesburg Stock Exchange (JSE) is investigating a series of suspicious trades that took place just before President Jacob Zuma ordered then finance minister Pravin Gordhan to return home from London.
This led to the value of the rand and bank shares to plummet.
When you look at the trade volumes, you can see that on Thursday before the announcement happened on Monday, there was substantial increasing in volume happening. And then on Monday at about 8am when the markets opened there is also some very large trades taking place.
— Stuart Theobald, Intellidex
The Money Show’s Bruce Whitfield interviewed Shaun Davies, Director of Market Regulation at JSE.
Listen to the interview in the audio below.
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