The JSE and the local currency received support from Thursday’s medium-term budget policy statement
The JSE all share index was hovering near record highs on Friday morning, in line with its stronger global peers as markets recover from an inflation-driven sell-off this week.
The rand was steady after markets were spooked earlier in the week when inflation numbers in the US and China came in worsethanexpected, fuelling concerns that central banks will be forced to tighten monetary policies sooner than expected. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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