The Johannesburg Stock Exchange's (JSE) bull run came to a halt on Tuesday after the mainstream industrial index shed 0.08 percent to 83,771.3 points on profit-taking.
The All Share Index was off 0.07 percent to 56,011.16 points, while the top 40 index gained 0.03 percent to 49,751.7 points. The resources index was 0.03 percent down and the gold index dropped 0.32 percent, despite the fact that mining companies earn more in rand if the currency is weak.
The market seems to have been spooked by the tiff between KPMG and the South African Revenue Service (SARS) over the former's investigation into a so-called rogue unit. SARS on Monday threatened to take KPMG to court for reputational damage.
The South African rand dropped to R13.33 against the U.S. dollar. The platinum price was at its lowest point in five weeks, at 948.79 dollars an ounce, while gold was well off its recent high of 1,308.11 dollars an ounce.
On the JSE, Sibanye-Stillwater was off 6.22 percent to R16.43, Royal Bafokeng Platinum lost 3.16 percent to R30, and Anglo American Platinum dropped 0.35 percent to R231.82.
In industrials, Bidcorp was off 2.98 percent to R298.73, Telkom lost 1.68 percent to R59.15, and Barloworld dropped 1.96 percent to R121.84.
Impala Platinum gained 0.06 percent at R33.22.
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