The JSE slumped more than 2% on Tuesday, tracking generally weaker global markets, while the latest report from Viceroy Research caused volatility in banking stocks.Capitec crashed as much as 25% in intra-day trade after Viceroy accused the bank of misrepresenting its loan book. Capitec dismissed the report as inaccurate, with the share price ultimately recovering most of it losses, to close 2.96% lower at R915.92.Naspers was, however, the primary drag on the all share, plunging 5.1% to R3,435.25. Hong Kong listed associate Tencent had earlier lost 2.08%.Risk assets in general were out of favour on Tuesday, with all eyes on the dollar as the market awaits further signals on the future of economic growth and monetary policy in the US. Some analysts expect a hawkish stance from the US Federal Reserve on Thursday, with a number of policy makers recently raising fears of overheating in the world’s largest economy.A mix of US corporate tax cuts, immediate capital expenditure, and higher ...
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