Prime : 9.75% Gold (US$ per ounce) : 1 616.88 (+13.18) Brent Crude (US$ per barrel) : 59.31 (+0.19) Dow Jones : 29 219.00 (-0.44%) JSE Alsi : 57 793.00 (-0.26%) ZAR/US$ : 15.13 (-0.14) ZAR / Euro : 16.32 (-0.14) ZAR / GBP : 19.50 (-0.09)
Market moving events: Our market and the Rand came under pressure yesterday. A firmer Dollar hit all emerging market economies, while investors awaited finance minister Mboweni’s budget speech next week and the Moody’s rating review next month.
Positive Pointer: Notwithstanding the tough economic conditions locally, Truworths increased turnover to R10.6 billion with headline earnings also showing an increase. The market rewarded the company with an 8% increase in share price.