The JSE closed weaker on Thursday as concern over the health of larger global economies continued to dampen sentiment, with major central banks flagging subdued global economic growth.
The resources index lost 1.05% on the day, with Anglo American Platinum faring worst, dropping 4.54% to R779.98. Fresh from a rights placement for R1.7bn, Sibanye-Stillwater said it would raise a similar amount by selling forward gold production to Citibank, giving it protection from a potential platinum strike and funds to repay debt. Its share price was 1.14% weaker at R13.84.
Global markets came off their recent highs but the dollar held steady, forcing the rand back above R14/$, after earlier reaching R13.91.
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