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MARKET WRAP: JSE weaker as investors fret over geopolitical risks

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Rand sinks as US claims SA is aiding Russia’s war effort

The JSE fell the most in a week on Thursday and the rand fell to a record low after the US accusation that SA was involved in aiding Russia’s war effort added to the risk-off environment.

Talks between SA and the US to resolve an impasse over Pretoria’s stance on Russia’s war in Ukraine have come to naught, with Washington accusing SA of materially aiding Russia’s war effort...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.

 

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