The JSE pushed a little higher on Monday, with a relatively stronger rand playing out favourably for some industrial stocks, but trading volumes remained thin ahead of a public holiday on Tuesday. The all share index was up 0.37% to 52,746.80 points at lunchtime as the stronger local currency lifted the outlook on the retailers but held back diversified miners. Earlier in the day, the rand touched R12.64 to the dollar, its best level since 2015, boding well for the outlook on inflation. The Reserve Bank expects inflation to fall back within target band of 3%-6% later in the year. Internet and video entertainment group Naspers was the top performer among the top 40 companies as market awaited quarterly results from Chinese company Tencent, in which Naspers holds a 34% stake. The results are due on Wednesday. "It’s a relatively quiet day today as a lot of people are away," BP Bernstein Stockbrokers trader Vasilis Girasis said. The total value of shares traded was shy of R3bn at luncht...
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