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JSE sinks on war of words between SARB and Public Protector

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Johannesburg - Yet another controversial statement by a senior public official has again hurt investor confidence and this was reflected in price movements on the JSE on Tuesday.

All major indices were down by mid-morning in reaction to the war of words between Public Protector Busisiwe Mkhwebane and the South African Reserve Bank.

The Reserve Bank says Mkhwebane’s recommendation that constitutional changes be effected to change the central bank’s mandate is unlawful. She recommended constitutional changes on Monday to make the central bank abandon its policy of currency and price stability and promote balanced and sustainable economic growth instead.

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ZAR/USD
17.62
(-0.12)
ZAR/GBP
23.01
(-0.05)
ZAR/EUR
20.78
(-0.03)
ZAR/AUD
12.62
(-0.03)
ZAR/JPY
0.17
(-0.88)
Gold
2034.21
(+0.05)
Silver
28.28
(+0.09)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
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