South African futures were flat on Monday afternoon after the JSE’s all share closed weaker. The benchmark index closed 0.18% down at 51‚724.9 points and the blue-chip top 40 was flat. Gold miners led the gains on the JSE, up 5.79% followed by platinum stocks up 0.23%. Banks were the JSE’s biggest casualty owing to the rand plunging after Finance Minister Pravin Gordhan was ordered home by President Jacob Zuma from an investor trip to the UK and US. After hitting a fresh 20-month best level of R12.31 against the dollar in opening trade, the rand plunged more than 4% or 52c to an intraday worst level of R12.8295/$ in afternoon trade after Gordhan’s recall. The Dow Jones was down 0.37% in early evening trade. European markets were all down while the FTSE 100 lost 0.61%. The German Dax gained 0.17%. At 5.47pm‚ the local near-dated top-40 Alsi futures index was flat at 45,227 points. The number of contracts traded was 22,224 from Friday’s 13‚129.
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