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South African Markets - Factors to watch on August 20

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

ECONOMIC EVENTS

- No major economic releases.

COMPANIES

- Sasol releases full-year results.

- AngloGold Ashanti releases full-year results.

SOUTH AFRICAN MARKETS

South Africa's rand weakened against the dollar on Friday, tracking its emerging market peers lower as the Turkish lira slid.

The All-Share index rose 0.24 percent to 56,698 points while the top 40 index was 0.27 percent higher at 50,641 points.

GLOBAL MARKETS

Most Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from alarming lows.

WALL STREET

U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico.

GOLD

Gold prices inched higher on Monday as hopes of easing trade tensions between the United States and China put pressure on the dollar, adding to demand for the yellow metal that improved last week after prices touched 19-month lows.

EMERGING MARKETS

For the top emerging markets news, double click on

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

BUSINESS DAY

- Public Investment Corporation chief executive linked to Eskom coal contracts corruption.

- Steinhoff begins restructuring.

BUSINESS REPORT

- Basil Read gets 265 million rand for business rescue.

2018-08-20 07:36:45

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