The JSE pushed higher on Wednesday, with much of the gains due to Naspers, amid a lack of major catalysts on the day.
Global news was also downbeat. The Organisation for Economic Co-operation and Development earlier downgraded its global forecast for 2019 growth to 3.3% from 3.5% previously. Stadio leapt another 5.14% to R3.89, pushing gains for the week to 16.82%. It said on Monday that revenue for the year to end-December jumped five-fold to R632m from the same period in 2017.
In addition to all this, there have been allegations that there were irregularities in the initial granting of the cellular licence to MTN Irancell, at the expense of Turkcell, and litigation is ongoing.
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