South African Stocks End Lower, Book Weekly Gain

The JSE FTSE All Share index fell about 0.9% to close at 74,7223 on Friday, after two straight sessions of gains, mainly pushed down by an over 2.5% slump in shares of resource-linked companies.

At the same time, a solid US jobs report raised concerns that the Federal Reserve's policy will remain tighter for longer while uncertainty around the reopening in China also weighed on market sentiment.

Locally, investors continued to monitor any developments around President Ramaphosa's future while assessing the possible consequences for the country's economic outlook.

Ramaphosa faces possible impeachment over the findings of a panel of experts into the theft at his Phala Phala farm in Limpopo.

Also worrying, troubled power utility Eskom has announced that it will implement continuous stage 2 load-shedding from Friday afternoon until further notice, heading for its longest stretch of power cuts yet.

Still, the JSE rose 1.7% this week, notching the second straight weekly gain.