JSE on track for weekly gain on Friday as Moody’s threat looms
The local bourse has gained 2.3% so far this week, boosted by Naspers and US Federal Reserve rate cuts
01 November 2019 - 07:14
The JSE could take its lead from firmer Asian markets on Friday morning, with the local bourse up 2.3% so far in the week, despite weakness in the rand.
The local currency has fallen almost 3% against the dollar so far during the week, battered by the Treasury’s warnings that SA’s debt will grow over the next few years, even as it slashes its growth forecast for 2019...
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