The rand recorded its fourth consecutive day of gains after reaching a five-month high against the dollar last weekThe JSE closed higher on Monday in mildly risk-on trade.
The US-China trade war continues to weigh on global markets after the latter said on Monday that it would cut ties with US businesses selling weapons to Taiwan, Reuters reported. Gold had fallen 0.32% to $1,410.81/oz while platinum had gained 1.96% to $844.87. Brent crude was down 0.3% to $66.66 a barrel. Investec economist Annabel Bishop said in a note on Monday that the price of Brent crude could average between $65 and $70 for 2019.
Rebosis slumped 7.35% to 63c after the property owner said it had cut all remaining ties with UK mall owner New Frontier Properties.Bidvest fell 0.51% to R192.58 after it said it had agreed to buy Eqstra Fleet Management and Logistics from enX for R3.1bn.