The JSE All-Share index trading 0.27% lower led by a weaker financial index which trades 0.75% lower.
The Resource index has added 0.74% while the industrial index is 0.42% lower on the day.
In company news, Impala Platinum reported that basic Headline Earnings per Share dropped by 53.5% in the interim period. Revenue fell 3.6% against the comparative interim period in 2013. The company declared no dividend for the period.
Massmart saw headline earnings per share fall 3.5% for the year ending December 2014. Total sales increased by 10.4% and comparable store sales by 7.5% with product inflation of 4.8%.
The Spur Corporation saw diluted Headline Earnings per Share fall by 28.2% in its six month period ending December 2014. The interim dividend was however increased by 8.8% to 62c per share.
Liberty Holdings full year results showed assets under management to have grown by 4%, although Group BEE normalised headline earnings per share fell by 3% over the period.
The rand is trading at 11.37 to the dollar, 17.62 to the british pound and 12.91 to the euro.
On the economic front, in South Africa, Producer Price Index (PPI) data showed annualised inflation at a factory level to be 3.5% in January 2015.
In the U.K. the second Gross Domestic Product print was recorded in line with expectations showing 0.5% q/q growth.
In the U.S. we are expecting Core CPI and CPI data (m/m) at 3:30pm.
