The rand was trading at R15.31 on Wednesday morning, off its worst level of R15.39 to the dollar reached on Tuesday as a knee-jerk reaction to the news that SA had entered a technical recession.The rand was at R17.75 to the euro and R19.68 to the pound at 6.15am.Judging from Asian markets, the JSE is set for another bad day following a disastrous Tuesday in which MTN fell 17% to R72, taking its drop over five trading days to 34%.In Hong Kong, Tencent was down 2.48% to HK$330.20, indicating Naspers — which has fallen 10.5% over the past five trading days — is likely to slide further.BHP was down 2.27% to A$32.33 ahead of the JSE’s opening, contributing to a 1% drop in Australia’s ASX 200 index.Insurance group MMI — created via the merger of Momentum and Metropolitan — warned shareholders on August 24 it expected to report its headline earnings per share (HEPS) for the year to end-June declined by up to 25%.MMI said reasons for the drop included "increased investment in client engagem...
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