ADVERTISEMENT

Stocks extend losses after Nene sacking

Banks, which are most at risk if South Africa's credit rating is downgraded in the wake of the removal of Nhlanhla Nene, led the decliners, with Barclays Africa plummeting nearly 20 percent.

People walk near the reception at the Johannesburg Stock Exchange (JSE) in Sandton, Johannesburg, South Africa December 10, 2015.   REUTERS/Siphiwe Sibeko

South Africa's main stock index slumped more than 2 percent on Friday as jittery investors continued to pull out of the market after Wednesday's shock dismissal of the finance minister.

Banks, which are most at risk if South Africa's credit rating is downgraded in the wake of the removal of Nhlanhla Nene, led the decliners, with Barclays Africa plummeting nearly 20 percent.

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

EFCC arrests ex-aviation minister  Sirika for ₦8bn Nigerian Air scandal

EFCC arrests ex-aviation minister Sirika for ₦8bn Nigerian Air scandal

Ex-APC spokesperson backs EFCC's hunt for Yahaya Bello

Ex-APC spokesperson backs EFCC's hunt for Yahaya Bello

Woman suffering incurable disease finally gets her wish to choose how she dies

Woman suffering incurable disease finally gets her wish to choose how she dies

Lead British School student in viral video apologises for bullying Namtira Bwala

Lead British School student in viral video apologises for bullying Namtira Bwala

Emeka Ihedioha resigns from PDP after 26 years of membership

Emeka Ihedioha resigns from PDP after 26 years of membership

Student bullied at Lead British School is not my daughter  —  Daniel Bwala

Student bullied at Lead British School is not my daughter  —  Daniel Bwala

NBA disclaims lawyers' protest over EFCC's approach to Yahaya Bello's case

NBA disclaims lawyers' protest over EFCC's approach to Yahaya Bello's case

Dana aircraft skids off Lagos Airport runway

Dana aircraft skids off Lagos Airport runway

Biden assures Zelensky of rapid arms support amid escalating Russia tensions

Biden assures Zelensky of rapid arms support amid escalating Russia tensions

ADVERTISEMENT
ADVERTISEMENT