The JSE broke a two-day losing streak on Thursday, as investors welcomed Eskom’s rescue plan outlined in finance minister Enoch Godongwana’s budget address on Wednesday.
The finance minister announced a three-year debt relief programme worth R254bn for the stricken power utility, though it comes with strict conditions. ..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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MARKET WRAP: JSE loses steam in line with global marketsJanuary’s rally appears to be losing momentum as investors take profit amid uncertainy about US interest rates
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MARKET WRAP: Rand snaps losing streak after ‘surprise-free’ budgetBonds were also firmer on news of a R254bn debt relief package for Eskom, while the JSE lost ground as the Fed prepares to release the minutes of its most recent meeting
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