JSE slips as investors focus on SVB failure

📆 3/14/2023 12:03 PM
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Some market participants are betting the sudden financial shock could cause the US Fed to pause interest-rate hikes

The JSE was weaker on Tuesday morning, with its global stocks mixed as investors assessed the implications of the Silicon Valley Bank collapse.

Stock markets remained under pressure despite the US treasury and Federal Reserve stepping in to provide emergency funding to the banking sector, in the face of a potential banking crisis...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 TimesLive Premium.

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Focus on Africa - African startups on the SVB collapse - BBC SoundsHow might African start-ups be affected by the collapse of Silicon Valley Bank? 🎧 FocusOnAfrica spoke to Benji_Fernandes who founded Tanzanian fintech NALA, which formerly banked with SVB. Benji_Fernandes This is serious
Source: BBCAfrica - 🏆 23. / 61 Read more »