MARKET WRAP: JSE ends lower but records weekly gain on rand hedges and miners

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The rand’s slump to record lows boosted JSE miners and other rand hedges 🔒

The JSE maintained its weekly gain even after tracking international counterparts lower on Friday, having earlier received a boost from a weaker rand that benefits companies with overseas sales.This article is reserved for our subscribers.

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Already trying to put a positive spin on it, one can only wonder if the same would have been said had it been Zuma at the healm

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Saldanha oil tanks off limits to many as market floodsOil tanks at one of the world’s largest storage hubs are filling up fast, reported people familiar with the matter, depriving many traders of vital capacity just as the market has been hit by a historic flood of crude. We should buy oil at the current prices and sell it when the prices recover, hopefully we can recover that amount we lost previously. But then we never knows with some people. Luckily its in the ocean, it will be looted like the Transnet diesel saga on that pipe👌
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What an oil price war, Covid-19 and Moody’s downgrade did to top stocks on the JSEAn interactive graph for March on some of the top stocks on the JSE
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