Shortly after the JSE closed, the Dow was down 1.40% to 26,033.76 points. In Europe, the FTSE 100 lost 0.37%, France's CAC 40 0.48% and Germany's DAX 30 0.24%.
“The SA economy remains in a fragile state, operating against a backdrop of subdued activity and persistently low business confidence. That continues to weigh heavily on future growth prospects, with GDP unlikely to be higher than 0.7% for the year,” Investec economist Lara Hodes said. Gold was up 1.14% to $1,546.50/oz and platinum 2.68% to $955.98. Brent crude lost 1.64% to $57.64 a barrel.
Cashbuild gained 1.28% to R238 after the building material retailer said on Tuesday that its operating profit increased 3% in the yTFG climbed 5.9% to R157.63 after the retailer declared a dividend of R4.50 in the first 21 weeks of the 2020 financial year, an increase of 4.7%.
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