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Why the JSE is hitting new highs - despite record load shedding and recession fears

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The JSE reached a record high this week, and analysts say SA equities could produce better returns than their global counterparts in the face of a recession.
The JSE reached a record high this week, and analysts say SA equities could produce better returns than their global counterparts in the face of a recession.
Siegfried Layda/Getty Images

Despite a record bout of intensive load shedding, and growing odds of a local recession in 2023, the JSE started the year with a bang. The All-Share Index (ALSI) is up almost 9% since the beginning of 2023, and reached a new intraday record high of 79 760 points on Monday.

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Rand - Dollar
17.22
-0.2%
Rand - Pound
21.32
+0.1%
Rand - Euro
18.75
-0.1%
Rand - Aus dollar
12.24
-0.1%
Rand - Yen
0.13
-0.5%
Platinum
1,004.39
+0.0%
Palladium
1,662.72
-0.3%
Gold
1,925.55
-0.2%
Silver
23.65
-1.1%
Brent Crude
87.47
+1.5%
Top 40
75,177
+0.9%
All Share
81,201
+0.9%
Resource 10
78,630
+0.5%
Industrial 25
104,430
+1.2%
Financial 15
16,290
+0.7%
All JSE data delayed by at least 15 minutes Iress logo
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