South African Stocks Snap 2-Day Gain

The JSE FTSE All Share index fell almost 1% to below the 75,000 level on Friday, after two straight sessions of gains, mainly pushed down by an over 2% slump in shares of resource-linked companies.

At the same time, uncertainty around the reopening in China weighed on market sentiment.

Locally, investors continued to digest a possible exit for Ramaphosa, following a panel of experts’ findings against him.

Top officials in South Africa's ruling African National Congress (ANC) were gathering on Friday to decide whether President Cyril Ramaphosa should stay on after an inquiry found evidence of misconduct over cash hidden at his farm.