JSE faces pressure on Wednesday as oil rout continues
Asian markets are lower as the oil price keeps falling, while in SA a R500bn stimulus package has been announced
22 April 2020 - 07:11
The JSE will open to weaker Asian markets on Wednesday morning, with the oil price continuing its fall overnight.
Brent crude oil was down more than 10% in morning trade, due to concern over slowing demand for energy, as well as lack of storage space. This could put further pressure on Sasol, which fell almost a quarter in morning trade on Tuesday, although it pared most of its losses before the JSE closed...
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