The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
South Africa’s main stock benchmark index halted a five-day rally, dropping 0.1% by 9:45 am in Johannesburg and slipping from the highest close since April 2019, as a downturn in miners and weakness among banks pulls the market lower.
The gauge joined peers in Asia in declining on Tuesday, as swelling coronavirus infections across the US weighed on risk assets overnight.
Investors will be awaiting South Africa’s third-quarter GDP numbers, with the country estimated to have exited its
technical recession in the three months through September.