Tech-heavy Naspers led losses on the JSE, while global markets were mostly weaker as China’s crackdowns on technology companies sent a ripple through global markets.

Tencent, which influences the JSE via the Naspers stable, fell another 9% on the Hang Seng on Tuesday to HK$446, bringing losses for the past two days to about 16%, after the Chinese competition authorities ordered it to stop exclusive music licensing deals. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now