MARKET WRAP: Rand and JSE firm after positive GDP numbers

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The US treasury secretary has dismissed fears that the pandemic-relief bill is big enough to cause an inflation problem

The JSE closed firmer on Tuesday, while the rand broke a four-day losing streak after data showed that SA’s GDP grew better-than-expected in the fourth quarter of 2020.

The rand firmed as much as 1.6%, reaching an intraday best of R15.2784%, according to Infront data...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

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