MARKET WRAP: JSE claws its way back from Monday’s rout

The JSE rebounded on Tuesday, tracking major markets that took some comfort from comments by the boss of China Evergrande Group, whose debt worries sparked a global rout a day earlier.

Evergrande chair Hui Ka-yan sent a letter to more than 120,000 employees on Tuesday encouraging them to unite in the face of the corporate troubles and said the group would deliver property projects and fulfil responsibilities to property buyers, financial institutions, investors and partners. ..