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MARKET WRAP: Industrials Reit and Sasol lead JSE higher

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Rand weakens in line with other emerging market currencies as oil spikes

Industrials Reit and Sasol led the gains on the JSE on Monday, with global markets mixed, while the rand was weaker along with other emerging-market currencies as a surprise oil production cut sparked fresh inflation concerns.

Investors were caught off guard after Opec+ announced a surprise production cut of more than 1-million barrels a day from May, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy...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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