The JSE was a little weaker at lunchtime on Wednesday, as a handful of large-cap stocks slipped into negative territory after a positive opening. The all share was down 0.28% to 57,365.30 points at midday, reaching a two-month low, as industrial stocks and miners fell, while banks stabilised after a six-day losing run. The fallout of the Steinhoff debacle was still palpable in the market, with PSG Group, in which Steinhoff holds a 25.5% stake, shaving off another 1.94% to R237.59, bringing cumulative losses to 21% over the past week. The drops in PSG’s share price have come since Markus Jooste resigned as Steinhoff International CEO last Wednesday amid accounting irregularity claims. Steinhoff shares were particularly volatile, pushing up nearly 20% at one stage in the session before settling back to a gain of 6%, at R11.82. "There is a lot of outstanding information about Steinhoff. We still need to get sight of its financials, audited or unaudited, the PWC investigation, and the o...
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