The JSE reversed its morning gains on Tuesday afternoon despite an improvement in SA’s business confidence in April. The SA Chamber of Commerce and Industry’s (Sacci) business confidence index (BCI) for April climbed to 93.7 points after hitting a seven-month low the month prior.However, the all-share index, which was up in morning trade, fell 0.41% to 58,470.6 points by 1.35pm with general retailers leading the losses, falling 1.67%. The top 40 was down by 0.43%. Mr Price fell 1.2% to R220.48, Truworths 4.3% to R75.61, TFG 1.88% to R193, Woolworths 1.99% to R48.70, and Massmart 3.41% to R88.03.  PPC fell 2.95% to R4.94. AB InBev was down 2.62% to R1,242.01.  Nepi Rockcastle, the second largest listed property went up by 0.89% to R124.27, after the company was cleared of false and misleading reporting by the Financial Sector Conduct Authority (FSCA). MTN rose 0.24% to R103.91 after a court ruling that the telecoms giant had met a deadline to respond to a $2bn tax  demand from Nigeri...

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now