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PepsiCo, which owns food brands Frito-Lay and Pepsi-Cola, will be acquiring local food group Pioneer Foods which produces Weet-Bix, Liqui-Fruit and White Star maize, among other products.
Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from the Middle East may be disrupted.
The JSE had a relatively muted session on Thursday as it struggled to find direction ahead of the South African Reserve Bank’s interest rate decision.
The SA Reserve Bank announced earlier that it had decided to cut interest rates by 25bps from 6.75% to 6.50%.
Global stock markets have turned weaker after recent record gains in the US while growing concerns about a no-deal Brexit kept the pound under pressure.
The local bourse has retreated on Wednesday mainly on the back of broad-based weakness across most major global indices.
The day's range was between R13.94 and R14.00.
The JSE has advanced mainly on the back of a rally led by the financials index which rose on the back of a firmer rand.
The day's range was between R13.83 to R13.93.
Wall Street stocks have edged down from records following mixed banking earnings and worrisome manufacturing data contrasted with strong US retail sales.
Hong Kong stocks have ended higher in quiet trade as investors took a step back after recent gains, while looking ahead to the start of corporate earnings season.
Most Asian markets have been mixed as investors took a breather after a recent rally and as they awaited the start of the corporate earnings season.
European stock markets have edged higher, while the pound hit the lowest level versus the dollar in more than two years on Brexit deadlock.
Momentum continued to favour the bulls on Monday as Asian and US markets continued to advance, while the JSE All-Share index closes 0.27% firmer.
World stock markets have wavered on news that China's economy grew at its weakest pace in nearly three decades, hit by the US trade war.
The day's range was between R13.85 and R13.97.
Wall Street stocks have edged lower ahead of a deluge of quarterly earnings reports from large banks and other companies.
The JSE struggled for direction on Friday eventually closing marginally weaker as it faded towards the close.
The day's range was between R13.89 and R14.04.
Leading gold producer AngloGold is pausing in the short-term before potentially renewing its uptrend. Its share price still has large upside potential.