MARKET WRAP: JSE ends on a high note as China’s Evergrande avoids a default
The JSE gained the most in two weeks on Friday as China Evergrande Group’s last-minute payment of a bond coupon ahead of Saturday’s final deadline helped lift sentiment globally.
Evergrande came back from the brink of default by making a payment to international bondholders, meeting the 30-day grace period it was given after it missed the original deadline...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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