South African Stocks Flat

The JSE FTSE All Share index was almost flat around 74,500 on Friday, as investors continued to weigh the chances of a recession amid prospects of continued monetary policy tightening until inflation is controlled.

Traders will be looking at the week ahead for rate decisions from a slew of central banks, with the Federal Reserve policy decision taking center stage.

Tech stocks were providing the main support, while resource-linked companies were down.

Locally, political uncertainty surrounding President Cyril Rampshosa lingers as he faces a possible impeachment due to the Phala Phala scandal.

The National Assembly will decide on December 13 whether to adopt the report and set up its own inquiry.