Tencent could help lift the JSE on Wednesday morning
Tiso Blackstar Group said last week headline earnings per share from continuing operations would fall by up to 56.6% in the six months ended December.
The rand was weaker on Wednesday morning, trading 0.24% down versus the dollar at R14.45/$. Against the pound, it was 0.08% weaker at R19.06/£ and against the euro it was 0.17% weaker at R16.27/€.
The local currency is “struggling to retain momentum in either direction”, said Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions.
“An uptick in the dollar coupled with a slowdown in the Asian market rally in the overnight session are both adding pressure to the local unit, with global growth concerns remaining the key theme this week,” Botes said.
Investors are awaiting the Monetary Policy Committee’s interest-rate announcement on Thursday. No change is expected.
Source: businesslive.co.za
