GROUP-5:  24   -1 (-4.00%)  12/12/2018 00:00

South African Markets - Factors to watch on April 13.

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.

COMPANIES

South African engineering company Group Five is looking at raising money via a rights issue to repay debt and bolster its finances after reporting a bigger than expected first-half loss following problems with a Ghana power project.

SOUTH AFRICAN MARKETS

South Africa's rand weakened against a stronger dollar on Thursday as rising tensions between Russia and the United States over Syria curbed risk appetite, while stocks rose led by banks.

GLOBAL MARKETS

Asia stocks pared early gains on Friday as caution crept in ahead of the U.S. earnings season and as investors weighed the possible impact on global growth from a tariff spat between the United States and China.

WALL STREET

U.S. stocks climbed on Thursday as investors anticipated a strong earnings season and as U.S. President Donald Trump's suggestion that a military strike on Syria may not be imminent ratcheted down geopolitical worries.

GOLD

Gold rose on Friday and was set to post a small gain for a second week running, supported by tensions over Syria.

EMERGING MARKETS

For the top emerging markets news, double click on

- - - -

Some of the main stories out in the South African press:

BUSINESS DAY

- Davis report: South Africa not ready for wealth tax. (Compiled by Ed Stoddard)

2018-04-13 07:23:12

© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.