The JSE all share closed weaker on Thursday, as the Reserve Bank kept the repo rate unchanged at 6.75%, as expected, with it again flagging a volatile rand as the main upside risk to inflation.Shortly after the JSE’s close Fitch re-affirmed SA’s long-term foreign and local currency debt ratings at BB+ and maintained its stable outlook."Domestic event risks, including rating agency reviews and the economic policy implications of the ANC electoral conference, are likely to dominate rand movements over the coming weeks," Bank governor Lesetja Kganyago said on Thursday.Volumes were a little lower than average, at R17bn, due to the Thanksgiving holiday in the US on and Labour Day in Japan.Naspers was the main loser on the day, closing 4.06% lower at R3,741.75. It is still 85.7% up for the year, but 2.69% lower for the week after a good run last week.Other rand hedges generally did well on the day, as the local currency weakened marginally against the dollar. Banks and retailers were high...
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