Johannesburg - The
JSE Ltd [JSE:JSE], operator of Africa’s biggest bourse, said on Wednesday it
would have to completely rewrite a component of its System Replacement
Programme (SRP), which is used for administration, not trading purposes.
"We anticipate an impairment to SRP of at least R60m ... to
be reflected in the interim financial results for the period ending June 2012,"
the JSE said.
The SRP is a programme to replace the equity market back office system which JSE members use for administration purposes and related technology. It is not used for trading.