South African markets closed in the red yesterday, as market participants await US inflation data and the timing of interest-rate cuts.
Retailers, Pick ‘n Pay Stores, Foschini Group, SPAR Group and Shoprite Holdings dropped 4.3%, 2.4%, 2.2% and 1.6%, respectively. Property developers, Emira Property Fund, Resilient REIT, Redefine Properties and Attacq declined 2.4%, 2.1%, 1.9% and 1.7%, respectively.
Telecommunications companies, Telkom SA SOC and Vodacom Group shed 1.6% and 1.3%, respectively.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Next on Business
Investments | The investment case for Afrimat
27 Feb
