MARKET WRAP: JSE firmer as investor focus shifts to the medium-term budget

The JSE closed firmer on Friday as investors mulled a week driven by US political uncertainty and the continued threat of Covid-19, while local focus now shifts to the medium-term budget policy statement (MTBPS).

In an effort to get clear direction from President Cyril Ramaphosa’s economic reconstruction and recovery plan, presented on Thursday, finance minister Tito Mboweni pushed the MTBPS back by a week to October 28.