The JSE had its biggest one-day gain since January 2019 and the rand rose for a second consecutive day on Tuesday as global markets recovered despite the coronavirus death toll rising to more than 420.
The death toll from the virus has risen by more than 100 people over the past two days, to 427, with the second fatality outside mainland China reported in Hong Kong. “A recovery in global risk appetite at the start of the week appears to have been one factor supporting the rand’s recovery,” said Mercato Financial Services analyst Nico du Plessis.
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