Miners led the losses on the JSE on Friday, while global markets were mostly weaker as investors digested hawkish comments from the US Federal Reserve .
Fed chair Jerome Powell said on Thursday a 50-basis-point hike would be “on the table” at the bank’s meeting next month. ..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 Sunday Times Daily.
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MARKET WRAP: Resources lead the JSE’s charge lowerKumba warns of lower iron ore production and sales for the year, while China’s moves suggest its recovery will be slow
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Market punishes Tongaat shares for more bad newsThe group, whose sugar mills are closed in the wake of floods in KwaZulu-Natal, reported a fall in production and a need for more cash
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