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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

JSE's all-share index soars through 29,000 points

The JSE has cemented its heady week-long run when the all share index thumped through 29,000 points for the first time, notching up a gain of almost 4% in just five days of trading.

But beneath the silver lining, a cloud of uncertainty was gathering amid fears about inflation, the rand, the future direction of interest rates and, internationally, the oil price and rising tensions over Iran's nuclear programme.

But although market experts said that they felt the JSE could maintain momentum, analysts were casting nervous glances over their shoulders amid renewed jitters on international oil markets, and a weakening rand.

 

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