MARKET WRAP: JSE and rand slip as SA GDP shrinks

The JSE closed weaker on Tuesday while the rand extended the previous session’s losses after official data showed SA’s economy shrank in the third quarter.

GDP contracted 0.2% in the three months to end-September, pulling back from two straight quarters of expansion, Stats SA reported on Tuesday. Second-quarter GDP growth was revised down to 0.5% from 0.6%…