MARKET WRAP: JSE, rand and bonds all smiles after Godongwana’s budget
Finance minister’s commitment to fiscal consolidation heartens investors, though the economy remains at risk
11 November 2021 - 18:56
The rand broke a two-day losing streak on Thursday as investors welcomed the medium term budget policy statement (MTBPS), staging a mild recovery after falling the most in more than eight months in the previous session.
The JSE and local bonds were also heartened by the statement, with the all share closing the day 1.25% higher at 69,131.56 points, while the top 40 gained 1.37%...
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.