Local currency weakens as load-shedding and its effect on the economy weigh
The JSE closed marginally firmer on Tuesday after swinging between small losses and gains in the session, while the rand weakened as investors digested news about SA’s power crisis and economy.
The government and Eskom are facing legal challenges on multiple fronts over the ongoing outages that continue to worsen, disrupting the country’s economic activity. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
United States Latest News, 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: Rand under pressure in thin tradeThe local currency fell as much as 1.6% in intraday trade before recovering
Read more »
JSE faces mixed Asian markets as Ramaphosa cancels Davos tripThe president will not go to the World Economic Forum this week as stage 6 load-shedding continues
Read more »
JSE muted as markets await directionLocal CPI data, due on Wednesday, will be a feature
Read more »
JSE faces lower Asian markets after new Chinese dataWorld’s second-largest economy grew at a near historic low rate in 2022
Read more »
JSE slips as investors consider SA’s problemsEconomists see a 45% chance of a recession due to the cumulative effect of load-shedding and higher interest rates
Read more »
International Finance: Asian stocks climb; dollar edges lower, yen gains: markets wrapAsian shares started the week higher with a tailwind from US stocks closing at the highest in a month as easing inflation expectations fuel January’s global share rally. The dollar declined.
Read more »