The JSE closed in negative territory for a fourth consecutive week on Friday as global-growth concerns push investors to perceived safe havens such as gold and the dollar.
Soon after the JSE closed, the Dow was 1.08% higher at 25,855.54 points. In Europe, the FTSE 100 had gained 0.72%, France’s CAC 40 1.22%, and Germany’s DAX 30 1.37%. Gold was 0.97% lower at $1,508.53/oz, while platinum had gained 0.18% to $841.84. Brent crude added 0.33% to $58.51 a barrel. On Thursday, President Cyril Ramaphosa signed into law the controversial National Credit Amendment Bill — which aims to provide relief for heavily indebted consumers who earn less than R7,500 a month. Banking and retail stocks ended lower with analysts saying the bill could have an effect on their business.Mr Price lost 2.45% to R171.68, TFG 3.26% to R145, and Lewis 1.82% to R32.30.
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