Naspers is expected to release its annual results later in the day. The company said last week that earnings in the year to end-March grew by up to a thirdThe JSE was little changed as global markets were mixed on Friday morning, shedding Thursday’s gains.
The JSE all share and the top 40 were flat with the all share at 59,024 points. Banks had fallen 1.38% and financials 0.67%, while gold miners were up 1.52%, after closing as high as 5.98% on Thursday. Rand hedges found some relief as the rand’s rally was cut short, British American Tobacco had gained 1.82% to R518.44, AB InBev 0.78% to R1,292.26 and Richemont 0.45% to R119.83.
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