The JSE was little changed at midday on Monday in subdued trade, as speculation about the outcome of newly elected ANC leader Cyril Ramaphosa’s January 8 statement gathers momentum.Volumes were low at R2.5bn with general retailers up, as the recent strength in the rand has bolstered optimism that the Reserve Bank will consider an interest-rate cut.Rands hedges were marginally firmer, excluding Naspers. Gold stocks were lower after the dollar gained ground against the euro to below $1.20.The Shanghai Composite gained 0.52% and the Hang Seng 0.28%.Ramaphosa is set to deliver the statement amid reports that it might include details on a special prosecution process with regard to the envisaged state capture inquiry.The ANC’s national executive committee will meet on Wednesday to discuss the issue, and the result of this is set to be made public on Saturday.President Jacob Zuma has not yet announced the appointment of an independent inquiry after the ANC resolved at its 54th conference t...
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