MARKET WRAP: Rand and JSE buoyant after MTBPS

The rand strengthened to the best level in a month on Wednesday as investors welcomed finance minister Enoch Godongwana’s medium-term budget policy statement (MTBPS).

Godongwana struck the right tone with markets after unveiling better-than-expected budget deficit and primary balance outcomes, an improved outlook on the country’s debt ratio and continued strong emphasis on fiscal consolidation…