SAFEX shut down on JSE

Technical issues have brought a halt to trade on the South Africa’s Futures and Exchange market (SAFEX) board of the Johannesburg Stock Exchange (JSE) on Monday.

The equity derivatives market on the JSE usually opens up for trade at 08h30am, but this did not occur on Monday morning as a result of "technical issues".

Michelle Joubert, the head of investor relations on the JSE, told Business Day that the exchange’s IT division is hard at work fixing the problem.

"It is down to a technical glitch and not due to problems in the trading engine itself. We have isolated the cause and we are working to rectify it," she said.

Source: Business Day