We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The JSE opened flat on Wednesday in cautious trade as the market tried to gauge the effect of a weaker rand and higher oil prices on the market. Platinums led at the opening while banks and retailers lost ground. Property stocks were flat. Higher oil prices and a weaker rand will result in further petrol price hikes, which could see inflation breaching the top end of the Reserve Bank’s 3%-6% target range. The Bank is likely to raise interest rates by 25 basis points before the end of 2018. The rand, along with its emerging-market peers, was on the back foot on Wednesday morning, and this scenario is likely to continue in the short term, analysts at Nedbank Corporate and Investment Banking said. “Locally, the focus is on the price of fuel and its possible knock-on effects, with the Reserve Bank warning that the risk of CPI inflation exceeding 6% should not be underestimated,”  they said. Brent crude breached $85 a barrel again on Wednesday, while the rand was at R14.3530 to the dolla...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now