JSE faces virus pressure on Thursday, while rand gives up budget gains
The local currency is weaker than it was before the budget on Wednesday, while global markets grapple with the spread of the coronavirus
27 February 2020 - 07:24
The continued spread of the coronavirus may put the JSE on the back foot on Thursday, while locally the rand has given up the gains it made after the presentation of the budget.
The local currency was trading at R15.30/$ on Thursday morning, slightly weaker than it was before finance minister Tito Mboweni announced that the Treasury would keep taxes low and seek to cut the public sector wage bill, which takes up more than a third of the budget...
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