The JSE opened weaker on Tuesday in cautious trade, with miners marginally down despite firmer commodity prices in a stable rand environment. Platinum lifted 0.48% to $928 an ounce. Gold gained 0.3% to $1,247.15 an ounce. The rand was unchanged at R12.9818/$ in early morning trade. Retailers led the weaker trend, with banks and fincancials under pressure in risk-off trade as the fallout continued from Public Protector Busisiwe Mkhwebane’s recommendation that the Reserve Bank’s constitutional mandate on price stability be changed. The Bank said in a statement on Tuesday morning that Mkhwebane’s call fell outside her powers and was unlawful. "The Reserve Bank has been advised to bring urgent review proceedings to have the remedial action set aside and the Bank has resolved to do so," it said. Asian markets were mixed following a record close on the Dow on Monday. The Dow was up 0.68% to 21,528.99. The Nikkei 225 rose 0.81% in Tokyo but Hong Kong’s Hang Seng index shed 0.28%. Analysts ...
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