×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The JSE opened marginally up on Thursday morning, supported by gold miners and resources, while banks, platinum, property and financial stocks weighed on it.Food and drug retailers were down, led by Shoprite, whose chairman had sold another batch of shares in recent weeks.Shoprite chairman Christo Wiese sold 5-million shares to the value of R1.1bn. On Tuesday, Wiese‚ who resigned as Steinhoff’s executive chairperson on December 15‚ had sold R2.15bn worth of the grocery chain’s shares over three days.Market focus is on the reaction to Tuesday evening’s resolution from the ANC conference that the party had passed a resolution to change the Constitution to allow for the expropriation of land without compensation.In the US‚ it still remains unclear as to when the overhauled tax bill will be signed into law. The bill was approved by the US legislature earlier in the week.At 10.09am, the all share was up 0.14% at 58,116.1 points and the blue-chip top 40 by 0.19%.Gold miners were up 1.25%,...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.