The rand extended the previous session’s gains on Monday, with the JSE reaching its best level on record — tracking firmer global markets as signs of easing inflation in the US jobs report boosted sentiment.
Investors are betting that last Friday’s report, which showed that wages grew slower than expected, could be a good sign that the US Federal Reserve’s interest rate hikes to tame inflation have made some progress...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.