MARKET WRAP: JSE slides, rand firms on hot CPI

The JSE closed weaker on Wednesday after inflation came in hotter than expected for a second consecutive month in March, increasing the prospects for another rate hike by the Reserve Bank.

Inflation as measured by the consumer price index rose to 7.1% year on year, up from 7% in February and ahead of market forecasts. Prices rose 1% in the month, compared with 0.7% previously...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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