MARKET WRAP: JSE, rand weaker after stronger than expected US jobs data

The JSE closed slightly weaker on Friday, while the rand weakened the most in more than two weeks after US jobs data came in stronger than expected.

Data from the US showed that 353,000 jobs were created in January, more than the market’s estimate for 185,000, while the unemployment rate held at 3.7%, against an estimate of 3.8%…