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MARKET WRAP: Rand and JSE gain, but risks remain

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Domestic political developments, US Fed’s next move on interest rates and an increase in risk aversion seen as key issues

The rand gained the most in three weeks on Monday, while the JSE closed firmer amid mixed global peers as investors welcomed the Chinese economy opening up.

The local currency gained around 2% earlier, reaching an intraday best of R17.1456/$, as China eased its stringent Covid-19 restrictions and as President Cyril Ramaphosa officially filed court papers challenging the parliamentary panel report which would lead to a debate about his potential impeachment...

 

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