JSE rises 1.1% in July as rand-hedge, resources shares lead - Anchor Capital

Reuters2026/08/03 19:06

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Anchor Capital flagged a volatile July as AI valuation worries, sticky inflation, Middle East hostilities, and the Fed’s hawkish hold hit risk appetite.
Nasdaq slid 3.2% in July; S&P 500 fell 0.1%; Dow rose 0.3% despite late-month support from Amazon and Microsoft earnings.
Brent crude surged 23.6% in July as the Iran conflict intensified; gold rose 1% while platinum gained 6.2%.
South Africa’s JSE All Share rose 1.1% in July as rand-hedge and resources led; the rand weakened 0.9% versus the dollar.
Domestic consumer-linked shares lagged; Raubex fell 15.5% while MTN dropped 10% on a Ghana mobile money IP dispute.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anchor Capital (Pty) Ltd published the original content used to generate this news brief on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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JSE rises 1.1% in July as rand-hedge, resources shares lead - Anchor Capital

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