The JSE was slightly higher in dull opening trade on Monday morning.Trading is expected to be subdued with US and UK markets closed for holidays — Memorial Day in the US and the UK Spring bank holiday.Volumes were low, with industrials and gold stocks early leaders among the gainers, while property and platinum shares were flat.Gold stocks gained on a brief rise in the gold price above $1,300 an ounce, despite the dollar strengthening to below $1.17 to the euro.Soon after the JSE’s opening, the gold price softened 0.3% to $1.297.48 an ounce.On Friday, S&P Global Ratings kept its rating on SA unchanged, citing tentative economic growth and the government’s rising debt burden as factors mitigating against an improved rating. The outlook remains stable.In response, National Treasury said it would talk to S&P about their areas of concern. Taking steps to improve business confidence further, achieving higher economic growth, fast-tracking the state enterprise reform agenda, and ultimatel...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.