The JSE, which has been on the front foot so far in June, could give up some of its gains on Wednesday morning as Asian markets retreat and Tencent falls in Hong Kong.
“There is still no clear sign of a de-escalation of US-China trade tensions after President Trump defended his tariff strategy on Tuesday,” analysts at OCBC Bank in Singapore said. Amid protests over an extradition bill in the Chinese special administrative region, Hong Kong’s Hang Seng index fell 1.6% on Wednesday morning. The Shanghai Composite declined 0.6%, and Korea’s Kospi 0.2%.Chinese internet and gaming giant Tencent, which influences the JSE via major shareholder Naspers, fell 2.2% in Hong Kong.“Further support for infrastructure spending in China should see metals markets well supported this week,” analysts at ANZ Banking Group’s research arm said.
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Maimane urges Mkhwebane to release Ramaphosa report by WednesdayDA leader Mmusi Maimane is demanding that public protector Busisiwe Mkhwebane releases her investigation report into President Cyril Ramaphosa and his alleged relations with controversial company Bosasa no later than Wednesday. Is this the same Maimane who wants this same PP removed for incompetence? If the PP be wrong, most always, generally, by the DA, would not an adverse finding on Ramaphosa rather indicate his innocence? Mmusi must allow the PP to execute her duties without interference.He should put his focus on Internal affairs of his party The prist much chill. This is not a right time.
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