MARKET WRAP: JSE and rand slide amid China fears

The JSE tracked weaker global markets on Tuesday as investors mulled over the health of China’s economy and Federal Reserve chair Jerome Powell’s testimony to US Congress later in the week.

Powell starts two days of testimony before a House committee on Werdnesday and markets will be on the alert for any clues on whether policymakers will resume their rate-hiking campaign in July...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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