JSE weakens as market warily prepares for budget speech
Trade is expected to be cautious ahead of Wednesday's budget policy statement, with the JSE edging lower on Tuesday morning
The JSE edged lower on Tuesday morning, as caution prevailed ahead of Wednesday's budget policy statement. The closure of US markets on Monday had subdued trade, but local focus is squarely on the state of the government's finances. Details on the future of, and funding for, SA's embattled state owned enterprises is expected from Finance Minister Tito Mboweni, as SA struggles to hold on to its last remaining investment grade sovereign rating — from agency Moody's.
LISTEN: What to expect from this year's National Budget: