The JSE gained on Friday but was negative for the third consecutive week as local stocks continue to come to grips with domestic economic and political uncertainty. The Reserve Bank’s interest-rate decision on Thursday will likely serve as the largest single domestic factor moving equities in the forthcoming week. The Bank is widely expected to keep rates on hold, despite a rising oil price and recent turbulence in the rand. Reports on Friday suggested that the third iteration of the Mining Charter will be completed by Monday and will be debated in a cabinet meeting on Wednesday, ahead of its implementation. This could mean some additional clarity is in the offing in the subsequent post-cabinet communication. Local inflation data on Wednesday could also give direction to interest-rate sensitive shares, with the consumer price index expected to rise 5.1% year-on-year in August, according to a Bloomberg consensus forecast from 11 economists. Global focus will remain on issues of a tra...
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