South Africa Stock Market Today: JSE Slips as Rand Wobbles Before Fed Decision
South African stocks slipped on Wednesday. By 11:15 a.m. SAST, the JSE All Share had dropped 0.28% to 114,081, while the Top 40 index lost 0.36%, settling at 106,199, according to JSE data. The Top 40 measures the performance of the exchange’s 40 largest firms by investable market value. The timing was significant with investors already on edge. The rand edged down in early deals, tracking 16.5550 against the dollar by 0618 GMT—off around 0.2% from its last close, Reuters reported, as traders braced for the U.S. Federal Reserve’s rate call and weighed the economic drag from the Iran war and faltering peace moves.
