Unlisted South African retailer Shoprite on Wednesday announced that Brait, acting through Maxshell 107 Investments, has increased the offer to Shoprite minority shareholders to R28 per share. In terms of the revised offer, Shoprite shareholders will receive one New Retail Class B share valued at R28 for every Shoprite share held.

The JSE reversed Thursday’s gains on Friday morning following a pullback in commodity prices. Softer world markets also weighed. By 11.57am, the all-share index slipped 1,02%. Resources retreated 1,04%, with the gold- and platinum-mining indices losing 1,53% and 1,35% respectively. Industrials weakened 0,92%, financials fell 1,22% and the banks index was 1,47% in the red.

The JSE was in positive territory in noon trade on Thursday buoyed by a bounce in commodity prices. Dealers said that the bourse would have been even stronger were it not for the firmer rand. By 11.52am, the all share index added 0,86%. Resources rallied 1,45%, the gold mining index jumped 1,68% and the platinum mining index picked up 0,98%.

The JSE was marginally firmer just after noon on Tuesday after a choppy morning session. While the market spiked to a new high just before the London opening, lack of direction from offshore and volatile metals prices were creating a lot of uncertainty. At 12.05pm, the all-share index was up 0,18% at 25 240,07 after touching a highest-ever level of 25 287,56.

The JSE was roaring ahead in noon trade on Friday fuelled by stronger world markets. Gains were widespread and advancers outnumbered decliners on the all share index by four to one. By 11.57am, the all share index added 1,05%. Industrials and financials firmed 0,99% and 0,73% respectively, while the banks index was 0,25% better.

The JSE was slightly weaker just after midday on Wednesday after a volatile morning on which the bourse had to contend with the opposing forces of weaker world markets and a softer rand. Trade was fairly brisk given the market’s uncertainty, with over R3,5-billion-worth of shares changing hands.

The JSE was a mixed bag just after midday on Monday following a quiet morning’s trade. While a weaker rand gave resources stocks a lift, uncertainty as to what the year held weighed on industrials and financials. By 12.04pm, the all-share index dipped 0,06%. Industrials lost 0,29% and financials fell 0,3%, while the banks index surrendered 0,73%.

After opening lower on continued profit-taking, the JSE bounced into the black on Friday morning buoyed by a sharply weaker rand. The recovery came despite weakness on Asian and European markets. By 11.53am, the all-share index added 0,46%. Industrials ticked up 0,20%. Financials were flattish (+0,03%) and the banks index climbed 0,14%.