Cape Town - South African markets ended firmer, supported by rand-hedges, while banks and retailers remained under pressure as investors review the implications of the most recent credit ratings downgrade.
At the close of the JSE the rand had weakened by 1.5% to R13.93, supporting local commodity shares.
The blue-chip JSE Top 40 climbed 0.73% whilst the broader All Share Index firmed 0.54% - carried by rand hedges and diversified miners. The Resources Index rose 1.6% and the Industrial Index firmed 0.39%. The Financial Index emerged marginally higher with a 0.04% positive move. Weak precious metal prices saw the JSE Gold Index close 3.01% lower.