10%. That is how far the JSE has fallen from its recent high, with South Africa’s main stock market slipping into correction territory.
In today’s episode of Number of the Day, Francis Herd and Melissa Tighy unpack why that number matters and why this is about more than market jargon. The conversation starts with a simple but important question: is this just the market cooling off after running too hot, or is it finally reacting to the reality of war, rising oil prices and a more fragile global outlook?
The hosts break down the pressure hitting resources stocks, the role of a stronger dollar, and why the wider market mood has shifted so sharply. But they also push the story beyond the trading floor. Because even if you never look at the JSE, the real issue is what happens next if oil stays high and global conflict keeps feeding uncertainty.
That is where the episode lands hardest for South Africans: petrol prices, inflation pressure and the risk that the economic effects outlast the first market shock.
Number of the Day: 10%.
