Picture: JSE
Picture: JSE

The JSE faces mixed Asian markets on Thursday morning, with no major catalyst to give direction, while locally rolling blackouts have intensified.

Eskom has moved to stage 4 load-shedding from stage 2, and this is expected to persist for the rest of the week, dealing a further blow to SA’s already recessionary economy.

Global focus is on US jobs numbers, with US markets setting new records overnight.

In morning trade, Japan’s Nikkei was up 1.13%, while the Hang Seng had fallen 0.3%.

Tencent, of which Naspers is the largest single shareholder, was down 1.01%.

Gold was flat at $1,942.77/oz, while platinum had risen 0.85% to $911.75. Brent crude was little changed at $44.38 a barrel.

The rand was 0.15% firmer at R16.78/$.

City Lodge is due to release its results for the year to end-June later, which should give details on how the Covid-19 pandemic has hit profits.

Impala Platinum is expected to report surging profits in its year to end-June later, due to rising precious metal prices.


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