The JSE was weaker on Monday morning in line with its global peers, as a setback for US President Joe Biden’s economic agenda and fresh Covid-19 lockdowns in Europe weighed on sentiment.

Senator Joe Manchin, a conservative Democrat from West Virginia, has rejected Biden’s $2-trillion package, saying on Sunday he won’t support the Biden administration’s “Build Back Better” plan. Manchin’s decision will likely kill the $1.75-trillion social spending and climate policy bill as it stands now. ..

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.