MARKET WRAP: JSE, rand and bonds all smiles after Godongwana’s budget

The rand broke a two-day losing streak on Thursday as investors welcomed the medium term budget policy statement (MTBPS), staging a mild recovery after falling the most in more than eight months in the previous session.

The JSE and local bonds were also heartened by the statement, with the all share closing the day 1.25% higher at 69,131.56 points, while the top 40 gained 1.37%…