JSE could feel coronavirus pressure ahead of budget on Wednesday
All eyes are on the budget speech at 2pm, while Asian markets are still showing symptoms from the coronavirus outbreak
26 February 2020 - 07:26
The JSE could take its lead from mostly weaker Asian markets on Wednesday morning, though the budget speech at 2pm is likely to steal most of the focus.
The budget will be closely watched as SA clings to its last remaining investment-grade credit rating from Moody’s Investors Service. The size of the budget deficit and the extent of the government’s support for fiscally draining state-owned enterprises (SOEs) is threatening a rise in the cost of SA debt...
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