JSE probing securities surge linked to Gordhan’s UK recall

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Cape Town – The Johannesburg Stock Exchange (JSE) said it is reviewing the significant moves in “numerous listed securities including currency futures” that occurred when former finance minister Pravin Gordhan was recalled from his investor roadshow in London two weeks ago.

The review follows analysis by Intellidex chairperson Stuart Theobald which queries the drastic moves in the rand future securities at the time of Gordhan’s recall from London on March 27 2017.

“Could one profit if you knew of such an event in advance,” he asked in a blog post on his website. “The answer is clearly yes. One simple way to do so would be to buy those futures on the JSE.”

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Rand - Dollar
14.15
-0.2%
Rand - Pound
19.96
-0.2%
Rand - Euro
17.19
-0.1%
Rand - Aus dollar
11.00
-0.1%
Rand - Yen
0.13
-0.0%
Gold
1,843.76
0.0%
Silver
27.42
0.0%
Palladium
2,894.50
0.0%
Platinum
1,229.50
0.0%
Brent Crude
68.71
+2.5%
Top 40
60,573
+0.6%
All Share
66,598
+0.7%
Resource 10
69,386
-0.1%
Industrial 25
83,277
+0.9%
Financial 15
12,685
+1.5%
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