JSE led higher by Naspers as SA’s credit rating hangs in balance
The rand has recovered a little from Wednesday's 2.3% fall, when the Treasury slashed SA's growth forecast and warned of a widening budget deficit
31 October 2019 - 10:48
The JSE firmed in broad-based gains on Thursday morning, led higher by a strong performance from Naspers, as investors continued to digest a gloomy budget statement on Wednesday.
All eyes are now on Moody's Investors Service, which will deliver its verdict on SA's credit rating on Friday. On Wednesday, finance minister Tito Mboweni slashed SA's growth outlook for 2019 and warned that SA's debt continued to rise, which may be looked at unfavourably by Moody's...
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