SA stocks
SA stocks

The Johannesburg Stock Exchange (JSE) closed weaker on Thursday after a decision by the South Africa Reserve Bank to keep the repo rate on hold at 6.5 percent.

The South Africa’s rand was steady at firmer levels of R12.44 to a U.S. dollar from overnight trade.

The stronger rand benefited banks and retailers on the JSE, with miners marginally up. Platinum stocks continued to fall.

The local unit was weaker despite upbeat inflation data earlier, putting pressure on banks, financials and retail stocks.

The all share closed 0.6 percent lower at 56,699.2 points and the top 40 shed 0.5 percent. General retailers fell 3.81 percent, food and drug retailers 1.49 percent, resources 0.92 percent, financials 0.76 percent, and banks 0.49 percent.

Sasol jumped 2.41 percent to R472.95.

Barclays Africa slipped 1.16 percent to R158.66.

Anglo American slumped 5.6 percent to R306.72. Sasol closed 2.41 percent off at R472.95. Enditem

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