MARKET WRAP: JSE closes up as concern about Gordhan settles slightly

The weaker rand boosts resource and platinum stocks while banks and financials recover, however, the finance minister situation is ‘potentially explosive’

13 hours ago
JSE closes higher as weaker rand lifts resources

The rand reached an intraday worst level of R13.1111/$ before recovering to levels of R12.90/$ at the JSE’s close

13 hours ago
Futures firmer as miners boost JSE all share on weaker rand

Rumours about the finance minister’s future dominated JSE sentiment; however, the all share and blue-chip top 40 close slightly higher

13 hours ago
Estimate for 2017 maize crop more than 80% higher than in 2016

The three main maize producing areas — the Free State, Mpumalanga and North West — are expected to produce 82% of the 2017 maize crop

13 hours ago
Bonds weaker as local market threatened by Cabinet reshuffle

Bond are weaker on Tuesday afternoon, but off lower levels earlier in the day, as political risk as the recall of the finance minister affects markets

14 hours ago
Rand shows little reaction as Pravin Gordhan says he remains finance minister

Analysts say it is unlikely that President Jacob Zuma would fire Gordhan until after the funeral of struggle icon Ahmed Kathrada

14 hours ago
Gold is steady as investors focus on Donald Trump’s agenda

Traders report more investor buying interest after US President Donald Trump failed to push through healthcare reform

16 hours ago
Weaker rand helps keep JSE afloat

Banks, which are most sensitive to a weaker rand as a result of their close correlation with the broader local economy, were holding up on Tuesday

17 hours ago
Rand weaker on speculation that Pravin Gordhan will be dismissed

Local currency is under pressure at midday on Tuesday after reports that President Jacob Zuma has told the SACP that he plans to fire the finance minister

18 hours ago
Oil prices rise on weak dollar and supply disruption in Libya

Libya supply is cut by a third due to armed action and Iran minister says the Opec output deal ‘likely’ to be extended, but supply remains bloated

18 hours ago
Stocks recover as Trump anxiety gives way to tentative hope

Hope that the Trump administration will now prioritise tax reforms encourages traders to look past doubt about Donald Trump’s ability to deliver on his promises

18 hours ago
Bonds claw back some losses but remain weaker

The market focus is on the Gupta court case on Tuesday as well as the weekly bond auction, RMB analyst Gordon Kerr says

18 hours ago
JSE opens firmer but financials remain under pressure

Local bourse is stronger on Tuesday morning, however, banks and financials feel the heat amid renewed speculation of a Cabinet reshuffle

20 hours ago
Bonds weaker on speculation of a Cabinet reshuffle

Rand Merchant Bank’s John Cairns says add a cancelled investor roadshow to an embattled finance minister and a potential Cabinet reshuffle and you get a ...

21 hours ago
Rand loses another 2%, briefly breaches R13/$ mark

NKC Research analysts say talk of a Cabinet reshuffle has unnerved investors who see Finance Minister Pravin Gordhan as an emblem of stability

21 hours ago
Asian stocks advance after Wall Street steadies

Equities in Asia are stronger as anxiety over Donald Trump’s setback on healthcare reform gives way to tentative hope for the his planned stimulus policies

22 hours ago