The JSE weakened on Friday, in choppy trade, with diversified miners and retailers faring best. The local bourse opened lower as risk-off trade on global markets took its toll. A weaker rand and higher prices for some commodities lifted rand hedges and miners, with the JSE turning positive late in the morning. The rand briefly pared losses after the announcement that charges would be reinstated against President Jacob Zuma. This, analysts said, could improve investor sentiment towards SA, as it would be a sign that the government was serious in its attempts to rein in corruption. Positive corporate results also lifted individual shares, with statements by African Rainbow Minerals and Grand Parade pleasing the market on the day. Platinums, however, were under significant pressure with the index posting its biggest daily loss in more than a month. Shortly before the JSE closed, Naspers weakened significantly ending the day 1.66% lower at R3,408, and ensuring a negative close for the b...
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