The retailer fell as much as 17% at one point after a disappointing update, while gold miners extend gains as bullion reaches a seven-month high
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MARKET WRAP: JSE falls amid global concernsThe JSE fell on Wednesday, pulled down by industrials as fears around a US-China trade war and slower global growth mount
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MARKET WRAP: JSE reverses losses as dollar weakensThe US has been dealt a blow as global growth concern rose this week after China reported its weakest growth in three decades
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MARKET WRAP: JSE tracks losses in US and EU marketsDownbeat sentiment in global markets pulled the JSE lower as the US and China continue their trade spat
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MARKET WRAP: JSE gains 1% as some heavyweights rallyPressure on the dollar has provided support to both local banks and miners, although a number of risk events threaten volatility in coming days
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Shoprite falls 17% as market reacts to profit warningThe grocery chain's share price fell to R148.83 on Wednesday morning as the market reacted to the warning its interim HEPS will fall by up to 36%
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MARKET WRAP: Firmer rand boosts banks and financialsIn a generally risk-off mood in global markets, which saw gold shares gain, the JSE ended lower as Naspers fell for a third consecutive day
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The five major challenges world leaders at Davos must wrap their minds aroundGovernment and business leaders need to see the world as interconnected and that they have a stake in a stable global system
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Shares in South Africa's Shoprite dive after profit warningAt market open, shares in Shoprite plunged more than 16% before paring loses to trade 10.7% weaker at R159.47 at 0936 GMT.
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Hyundai posts first net loss in eight years as China sales take a knockSouth Korea's Hyundai Motor surprised the market on Thursday by posting its first quarterly net loss in at least eight years as its vehicle sales skidded in the key China market. China's sputtering car market adds to the troubles of Hyundai, which has been already grappling with the lack of attractive models and strong brands in its biggest market.
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