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MARKET WRAP: JSE marginally firmer as rand weakens amid power crisis

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Local currency weakens as load-shedding and its effect on the economy weigh

The JSE closed marginally firmer on Tuesday after swinging between small losses and gains in the session, while the rand weakened as investors digested news about SA’s power crisis and economy.

The government and Eskom are facing legal challenges on multiple fronts over the ongoing outages that continue to worsen, disrupting the country’s economic activity. ..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 TimesLive Premium.

 

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