MARKET WRAP: JSE closes higher despite rand slump

The JSE closed higher on Wednesday, getting a boost from global markets, as speculation grows that the US Federal Reserve may soon cut interest rates to boost the US economy.

US Federal Reserve chair Jerome Powell indicated on Tuesday that the Fed is closely watching the trade negotiations between the US and China, which have been blamed for slowing global economic growth. He added that the Fed will “act appropriately” to ensure growth continues. The all share rose 1.01% to 57,073.4 points and the top 40 1.04%. Gold mining led gains, up 4.44%, followed by the platinum index which climbed 3.31%. Resources and industrials gained 1.53% and 1.01%, respectively.

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MARKET WRAP: JSE has its worst month since October 2018The US-China trade war continues to weigh on sentiment, as investors worry about the long-term effect the conflict will have on the global economy
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MARKET WRAP: JSE ends higher, led by banks, as investors digest the new cabinetGlobal equities recovered a little from Wednesday’s sell-off, with banks faring best on the day, with the rand slightly firmer
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MARKET WRAP: JSE ends higher, led by banks, as investors digest the new cabinetGlobal equities recovered a little from Wednesday’s sell-off, with banks faring best on the day, with the rand slightly firmer
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MARKET WRAP: JSE higher in broad-based gains, with gold miners faring bestThe protracted US-China trade war continues to batter global markets, and is fuelling fears of a global recession
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MARKET WRAP: Rand hedges support JSE after shock GDP reportThe rand slipped as much as 2% after SA’s first-quarter GDP numbers came in much worse than expected, with rand hedges and miners faring well
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Competition Commission urges Icasa to open up pay-TV marketRegulator concludes hearings on proposed regulations to introduce new list of sporting events grouped by level of public interest And private universities? Competition commission is clear about everything but ICASA is very slow to act.They are also using Slow-Style of Ramaphosa.ICASA is looking for brown envelopes thats why they take time
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The bet that Jarana can fix SAA is still on: Free Market FoundationLouw said in June 2018 that he was willing to wager R100‚000 that VuyaniJarana's three-year turnaround plan would not work and that by March 31 2021, Jarana’s stated timeframe, the airline would still not be profitable. Hats off to Jarana for confidence in his capabilities, that he took up Louw on the wager. The upside now is that charity or charities are about to receive a helping hand - thanks to his audacity.
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Vuyani Jarana's plan to fix SAA was still bound to crash: Free Market FoundationFree Market Foundation executive director Leon Louw was adamant on Monday that a bet on a turnaround plan for SAA - under CEO Vuyani Jarana who resigned at the weekend - not working was still in place. For some reason I think given enough time Sibongile Sambo could help this SAA company as a CEO. Before any repairs can be done the damage and affected area's must be removed . Face facts, our S.O.E.'S are well and truly screwed. S.A. is f...ked. This will end up a GHOST COUNTRY.
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