JSE slips amid China’s tech sector crackdown

The JSE was weaker on Monday morning, with its global peers mixed as markets were under pressure amid China’s widening tech sector crackdown.

Tencent, which influences the JSE via the Naspers stable, fell more than 8% in intraday trade after Chinese competition authorities ordered Tencent to stop a practice of exclusive music licensing rights, also levying a small fine, which follows similar action against other tech firms…