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14 Dec 2015

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Banking index up 15% after Gordhan appointment

Johannesburg - Shares in South Africa's banking index soared 15% on Monday after President Jacob Zuma appointed Pravin Gordhan as the new minister late on Sunday.

The index had lost as much as 19% since Thursday after Zuma fired respected finance minister Nhlanhla Nene.

Zuma then named Gordhan as the new finance minister in a dramatic U-turn that gave South Africa its third finance minister in less than a week.

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Currencies Commodities Jse Indexes

Rand - Dollar

19.04

-0.2%

Rand - Pound

23.75

-0.3%

Rand - Euro

20.32

-0.1%

Rand - Aus dollar

12.27

-0.3%

Rand - Yen

0.12

-0.1%

Platinum

951.70

-0.1%

Palladium

1,036.50

+0.1%

Gold

2,379.90

+0.8%

Silver

28.46

+0.8%

Brent-ruolie

87.29

-3.1%

Top 40

66,928

+0.0%

All Share

72,987

-0.0%

Resource 10

62,726

-1.0%

Industrial 25

98,248

+0.4%

Financial 15

15,432

+0.3%

All JSE data delayed by at least 15 minutes

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