German engineering multinational Siemens’s decision to merge its rail division with France’s Alstom rather than Canada’s Bombardier is likely to perk up European stock exchanges on Wednesday, and in turn the JSE.The JSE’s all share index fell 1.38% on Tuesday, dragged down by a 3.2% drop in Naspers’s share price to R2,867.59 as it joined a global rout of tech shares amid war jitters in Korea. The Nasdaq index rebounded 0.15% on Tuesday after falling 0.88% on Monday.Whereas many tardy companies with end-June reporting periods are rushing to get their results out before the JSE’s three-month deadline expires on Friday, Capitec’s interim results for the six months to end-August are already prepared.Capitec said on September 6 it expected to report on Wednesday basic and headline earnings per share grew between 15% and 18%.On the same day Capitec released its trading update, S&P Global Ratings affirmed its BB+ rating. The ratings agency said Capitec had robust profitability, strong capi...
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