The JSE all share index opened marginally higher on Friday on platinum miners, and as Naspers rose on positive Asian tech stocks. Steinhoff sank to new record lows. The weaker rand supported miners, but banks and retailers were under early pressure. Global markets were focused on US nonfarm payroll data set to be released later in the day. The pound firmed on news that the UK had reached a settlement with the European Union in that "sufficient progress" had been made to take negotiations further. Naspers was up more than 2% after Chinese internet company Tencent, of which Naspers owned about a third, rose 3% in Hong Kong trade. Some analysts say Tencent will reach more than double its present market value over the next few years as the group expands globally. Retailer Steinhoff plummeted, as the market did not buy the more optimistic sentiment expressed earlier in the week that some of Steinhoff’s assets might be salvageable. This came amid speculation that the Reserve Bank may put ...
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