The JSE fell nearly 2% at midday on Friday, leaving the all share index on course for its worst one-day decline since early September, after the discovery of the new Covid-19 variant sparked a flight from riskier assets.
The all share was down 1.75% to 69,317.91, as the top 40 index sank 1.60%. The gauge of banking and insurance stocks fell i between 5% and 6%. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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