MARKET WRAP: JSE and rand weaker with focus on Sona
Global bourses mixed as investors weigh up US Fed signals on pushing back interest-rates cuts
08 February 2024 - 18:38
The JSE closed weaker, with global peers mixed, and the rand also softer as investors focused on President Cyril Ramaphosa’s state of the nation address (Sona) on Thursday, the last of his first term of office.
“There was much hope that Thursday’s Sona would include the announcement of an election date,” said RMB analysts. “Nonetheless, the policy priorities set out in the Sona should give direction on how the government intends to deal with the multitude of challenges constraining economic activity and consequently the country’s ability to create job opportunities...
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.