Investments | Why Bitcoin retreated after hitting record R1.3m
South African markets closed in the red yesterday, after domestic gross domestic product grew less than expected in 4Q23. Mining company, Sibanye Stillwater dropped 5.7%, after the company reported a loss of R37.40bn in FY23. Platinum miners, Impala Platinum, Anglo American Platinum and Northam Platinum declined 3.6%, 2.5% and 1.7%, respectively.
Pharmaceutical companies, Netcare, Aspen Pharmacare Holdings and Adcock Ingram Holdings shed 2.8%, 2.5% and 1.2%, respectively. Lenders, Standard Bank Group, Capitec Bank Holdings and FirstRand fell 2.4%, 1.6% and 1.1%, respectively. On the flipside, gold miners, Harmony Gold Mining, Gold Fields and AngloGold Ashanti jumped 8.5%, 6.8% and 5.6%, respectively.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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