Billions wiped off South Africa market in minutes amid global bloodbath

The JSE’s all share index started the week with an instant loss of 6% in opening trading, as global panic selling intensified. Last week, the JSE lost 15% of its value – and suffered two of its biggest crashes in the past forty years. On Monday, the JSE’s all share index dropped by more than 6%, while on Thursday the market lost 9.7%.