The JSE closed in firmer territory on Wednesday, as gains by market heavyweight Naspers tipped the scales, despite broad-based losses in other indices. European shares edged lower as a rising euro offset upbeat eurozone purchasing managers index data, Dow Jones Newswires reported. Comments from US President Donald Trump, in which he threatened to shut down the US government if it meant fulfilling his electoral pledge to build a border wall, helped take the edge off a global stock market rally, the newswire said. Analysts said the Statistics SA inflation report for July, released on Wednesday, had increased prospects of a second rate cut from the Reserve Bank, but that risk factors remained. A big risk factor for SA’s outlook was still the possibility of a hefty electricity tariff hike, as the National Treasury sought to minimise liquidity risk at Eskom, said Nomura emerging-markets analyst, Peter Attard Montalto. The all share closed 0.23% higher at 56‚162.30 points and the blue-chi...
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