The JSE weakened on Thursday morning, although platinum miners continued their gains, amid further signs that the US-China trade war was damaging global economic prospects.
At 10am the all share was down 0.72% at 55,892.3 points and the top 40 0.81%. General retailers were down 1.22%, banks 1.13%, industrials 0.77% and food and drug retailers 1.08%. Platinum miners were up 2.67%. A strike by the Association of Mineworkers and Construction Union that was due to begin across the gold sector on Thursday evening is also on hold. Gold miners have sought to interdict the strike, with the labour court reserving judgment on the matter after hearing arguments on Wednesday.Sasol had added 1.34% to R432.02.
Blue Label Telecoms fell 5.72% to R5.77, having said earlier that gross profit grew 15% to R1.31bn in the six months to end-November, although it swung into a headline loss per share of 15.02c, compared to headline earnings per share of 166.86c in the prior comparative period.
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