The Markets Ledger

Rand and JSE jump on US Treasury bond buyback

South Africa’s rand and the JSE’s All Share Index (Alsi) jumped 1% and over 2.4%, respectively, on Thursday, after the US dollar tumbled in the wake of the US Treasury Department’s unexpected announcement that it is increasing buybacks of long-dated bonds.

JSE headed for worst month in almost two decades

Johannesburg’s benchmark stock index is heading for its worst month in almost two decades, reeling from a double hit as the Iran war saps demand for emerging-market assets while plunging precious-metal prices weigh on the country’s miners.