South Africa: Gold Only Nugget Amid JSE Bloodbath

The world markets meltdown which continued on Monday spilled over to the JSE, dragging the All Share-index below 48 000 points.

On Friday, the All Share closed below 50 000 points for the first time since the beginning of the year. On Monday, all the major indices on the JSE, with the exception of the Gold index, were substantially lower. The declines were expected as all the indices are now trading sharply below their 200-day averages and analysts predict the end is not yet in sight.

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