In the absence of a credible opposition party to challenge the ANC, perhaps the IMF is best placed to help the party, writes Ayabulela Dlakavu.
The JSE closed off a difficult trading week by closing flat on Friday as sentiment remains mostly bearish for local stocks
Global stocks including the JSE weakened on Wednesday as mounting signals of a global economic slowdown surfaced.
The JSE closed weaker on Monday as it erased earlier gains primarily on the back of losses which were recorded in health sector stocks
Some of its major SA shareholders are Coronation and the Public Investment Corporation.
The move in the rand was indirectly a result of the euro weakening ahead of the European Central Bank's interest rate decision and press conference which took place on Thursday afternoon.
Although modest, major equity indices in Asia inched higher while a similar trend was also recorded in Europe including the United Kingdom where Boris Johnson won the Conservative party leadership contest to become the new UK prime minister.
The JSE struggled for direction on Friday eventually closing marginally weaker as it faded towards the close.
The JSE fell sharply on Tuesday as it tracked other major global indices which have primarily weakened on the back of reduced demand for riskier assets since the release of US jobs data
South African investors have been caught up in a dramatic contrast in the first half of 2019: a stumbling economy, but a stock market that raced to its best start in 12 years.
In the year to date, foreigners have sold R31 billion more South African shares than they bought.
The JSE gave up earlier gains to close softer on Thursday as local sentiment remained largely bearish given weaker local and global economic fundamentals
The JSE closed softer on Tuesday as it took a leaf from Asian counters which registered heavy losses in earlier trading.
Global stocks fell on Friday following surprise reports that Donald Trump would be increasing tariffs on $300 billion worth of Chinese imports into the USA
Stocks in Europe tracked mostly higher while in the USA investors waited in anticipation of the first estimate of US GDP QoQ which, although slower came in better than expected at 2.1% compared to a forecast of 1.8%.
The general mining index closed significantly weaker despite marginal gains from both the platinum and gold mining index. Other major indices on the local bourse also tracked lower albeit at a slower rate than the general mining index.
Tensions between the United State and China, continue to make the headlines as no firm deal appears to have been made by the two economic giants. The Trump regime continues to utter statements that provide very little confidence to the market.
The JSE retreated on Thursday led by losses on the resources index on the back of relatively weak mining production numbers as well as weaker rand metal commodity prices.
The JSE retreated to close softer on Wednesday as it was dragged down mainly by blue-chips on the financials index.
The Johannesburg Stock Exchange blamed a unfavourable economic environment for headline earnings per share were expected to register at be between 490.95 cents and 425.49 cents for the six months ended in June, that the exchange announced on Monday.
In general, global equities slowed down after consecutive sessions of significant gains, with declines stretching from Asia through to Europe.
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