The cost to SA’s economy of violent rioting is still being counted amid fears further pain is on the way due to supply chain disruptions
The JSE looks set to open to mixed Asian markets on Friday morning, with no news to give international markets a clear direction, while local attention remains on looting and violence.
The rand has recovered somewhat from a sharp fall on both Monday and Tuesday, and was little-changed in early trade on Friday at R14.53/$. The rand has lost 2.37% against the dollar over the past five days. Internationally, there is a risk-off tone on markets, with National Australia Bank analyst Tapas Strickland noting there was no obvious catalyst for a fall in US equities overnight.
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