The JSE firmed on Tuesday, with gains mostly due to a strong performance by rand hedges and diversified miners.
The banking index was weighed down by Capitec on Tuesday, which fell 1.95% to R1,282.05, ahead of its full-year results to end-December on Thursday. The figures, however, suggested that wages did not rise as fast as inflation in the fourth quarter, said FNB economist Siphamandla Mkhwanazi. “With higher taxes in 2019, predominantly due to fiscal drag, combined with an uninspiring employment outlook, which could be made worse by load-shedding, these numbers reinforce our view that households’ disposable incomes will remain under pressure in 2019.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE slips 1%, tracking weaker global marketsJSE suffered broad-based losses in line with global markets, although platinum miners shone as palladium pushed to a record high
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE flat as gloomy global data dents sentimentEuropean markets see sharp losses after disappointing eurozone data, but some local stocks push higher anyway Fueled by Eskom.
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: Widespread losses drive JSE downGlobal equity markets remain under pressure due to concern about faltering economic growth, with local platinum miners faring worst
Source: BDliveSA - 🏆 12. / 63 Read more »
Cornering the market of African textilesMozambican entrepreneur Wacy Zacarias started Karingana Wa Karingana textiles to create authentic African prints: “I ended up figuring out that African textiles were not, in fact, really African. Mostly they were produced in China or Holland”
Source: City_Press - 🏆 7. / 72 Read more »
Shell powers into UK retail market in bid to become biggest energy firmThe move will put more pressure on the UK power market, which has seen many customers abandon traditional utilities for smaller, cheaper suppliers
Source: BDliveSA - 🏆 12. / 63 Read more »
VR Laser shareholder forced to sell shares below market value, Zondo hears | IOL NewsThe Zondo commission has heard how a shareholder of Gupta-linked VR Laser was forced out of the company and pressured to sell his shares.
Source: IOL - 🏆 46. / 51 Read more »