The JSE tracked weaker European markets on Friday as Covid-19 numbers there rise, while a delayed US stimulus package and weak economic data around the world weighed on investor sentiment.
Shares in Woolworths fell the most in almost three weeks, after the group said on Friday that it expects earnings to drop by as much as 70% in the full year to end-June, citing the effect of the pandemic and a change in accounting standards.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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BUSINESS MAVERICK: Amazing: The JSE is now up for the year 2020South African markets have experienced one of the biggest crashes, and quickest recoveries in history, over the span of just eight months. Amazingly, like many other stock markets around the world, the JSE All-Share Index is now higher than it was at the start of the year despite what may be the biggest economic calamity in a generation. What is going on?
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