The JSE ended its recent streak of gains by closing lower on Tuesday as markets braced for the outcome of a vote of no-confidence against President Jacob Zuma. Analysts expect that political uncertainty would follow his removal, warning that some in the market may be mistaken in their view of his removal as an unambiguous positive for the rand and equity markets. Local markets will re-open on Thursday after the Women’s Day holiday on Wednesday. The all share lost 0.33% to 55‚980.1 points and the top-40 0.38%. Resources lost 1.12%‚ property 0.94%‚ financials 0.29%, and food and drug retailers 0.3%. General retailers added 0.32% and the platinum index 0.05%. In individual shares, British American Tobacco was down 1.84% to R858.24, Richemont 0.81% to R115.62 and Anheuser-Busch InBev 1.86% to R1‚555.50. Anglo American was down 3.67% to R217.89, BHP 1.46% to R238.15, and Glencore 0.74% to R59.33. Kumba Iron Ore dropped 1.59% to R201.16, Exxaro 0.81% to R113.52, while Assore added 6.63% t...
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