Investors brace for more turbulence as rising rates send markets into a tailspin

Investors are bracing for what could be another turbulent start to the trading week after the JSE lost nearly 3% on Friday in its biggest one-day decline since mid-June, amid deepening fears of a global economic contraction.

Like its peers, the JSE has imploded in recent weeks after central banks in the developed markets, in particular, stepped up their fight against inflation and inflation expectations by normalising their interest rates at a faster rate than initially envisioned. ..