JSE drops as Covid-19 optimism fades

The JSE was on track for its first day of losses this week on Wednesday, tracking global equities as optimism about the slowing down of Covid-19 begins to fade. 

The global market rally, driven by hope that the spread of the coronavirus is starting to ease in some of the hot-spots across the world, was short-lived. The number of confirmed cases had risen to more than 1.43-million, with more than 300,000 of those recovered, with more than 82,000 deaths by Wednesday.