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JSE to probe trading after Pravin recall

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Johannesburg - The JSE on Monday said it was investigating certain trades in the hours before former finance minister Pravin Gordhan was recalled from an international investor roadshow.

His recall came days before he was dismissed from the government.

“The JSE (Johannesburg Stock Exchange) is reviewing trading in affected securities prior to the news of the recall as that news precipitated material moves in the value of numerous listed securities, including currency futures,” the JSE said in a statement.

“As a matter of procedure the JSE market regulation division reviews trading in its listed securities ahead of any market-moving event to identify any activity which may warrant further investigation by the department of market abuse at the Financial Services Board,” it said.

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Former Finance Minister Pravin Gordhan. Picture: Reuters
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