Trading on the JSE`s equities market was brought to a halt at 3.29pm yesterday due to a problem with the exchange`s primary and backup transatlantic communication links.
Dealers say trade was halted for about two hours after the JSE lost connection with the trading system linking it to London.
The JSE says the link problem was corrected and members were able to reconnect and start the recovery of their systems.
However, the problems did not end there.
"As there were sufficient members ready to trade, the market reopened at 5.30pm," the exchange says.
"During the course of this period, certain members experienced difficulty in trading and the market fairness equation was revisited. At this stage it was determined that a fair market did not exist and the decision was taken to close the market for the day."
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