The JSE fell nearly 2% at midday on Friday, leaving the all share index on course for its worst one-day decline since early September, after the discovery of the new Covid-19 variant sparked a flight from riskier assets.

The all share was down 1.75% to 69,317.91, as the top 40 index sank 1.60%. The gauge of banking and insurance stocks fell i between 5% and 6%. ..

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