News Formal

MARKET WRAP: Local markets subdued as investors await budget

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

South Africa News News

Global market sentiment has been damped by fears of a second wave of Covid-19 infections, which could delay economic recovery

The rand and the JSE were little changed on Monday with analysts expecting the rand to weaken as investors await finance minister Tito Mboweni’s supplementary budget.

Mboweni is expected to announce further measures to curb the economic effect of Covid-19, as well as adjustments to the existing budget, before parliament on Wednesday.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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA needs to focus on how COVID-19 will reshape its labour market[ANALYSIS] SA needs to focus on how COVID-19 will reshape its labour market
Source: eNCA - 🏆 49. / 51 Read more »