MARKET WRAP: JSE tracks weaker Asian market and Truworths surges
Shares in petrochemical producer Sasol fell for the fourth day running as it prepares to execute a rights issue to pay down its debt pile
19 August 2020 - 19:27
The JSE ended weaker on Wednesday, with Sasol falling for the fourth day running while Truworths gained the most after releasing a better-than-expected trading statement.
Shares in the clothing retailer made their biggest gain in more than two months despite the group announcing it had further written down its investment in UK shoe chain Office by about R2.8bn, as it grapples with the fallout from the Covid-19 pandemic...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.