JSE prepping for possible grid collapse

The JSE has been prepping for a possible collapse of SA’s electricity grid and says it is ready for any such eventuality.

While the bourse enjoyed 99.9% uptime across all its markets in 2022, moderately¬†above the long-term average of 99.83%, the potential collapse of SA’s struggling power grid could play havoc with trading activity. The sudden halt in trading that would occur in the event of a grid failure could also spark panic selling once power resumed with potentially catastrophic consequences for local asset prices…

Source: businesslive.co.za