MARKET WRAP: Rand hedges and some miners boost JSE

The JSE closed firmer on Monday, with rand hedges, resources and gold miners making gains, while banking index losses pushed ever closer to 50% for the year to date.

Moody’s Investors Service downgraded SA’s credit rating to junk on Friday, assigning SA a rating one rung below investment grade, at Ba1, with a negative outlook. The move means SA is now at subinvestment grade with all three major ratings companies. Fitch and S&P Global dropped the country’s debt to junk in 2017.

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LUKANYO MNYANDA: No miracle cures as SA awaits market verdict on downgradeWe are about to get the answer to a long-standing question: have assets already priced in junk status?
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »

UK company seemingly won’t help SA with ventilators marketed as simple solution for coronavirusThe company said its immediate focus was the UK market, where it is one of two companies contracted to produce 30 000 ventilators. Why should they? There are plenty of open source ventilator designs on the internet Akhongxaki will have our own We told WMC and the West/Colonizers to F$K off - now we want their help 🤔
منبع: TheCitizen_News - 🏆 6. / 75 ادامه مطلب »

LUKANYO MNYANDA: No miracle cures as SA awaits market verdict on downgradeWe are about to get the answer to a long-standing question: have assets already priced in junk status?
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »