ANGGOLD:  12,483   -10 (-0.08%)  23/09/2018 00:00

South African Markets - Factors to watch on August 22

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

ECONOMIC EVENTS

- No major economic releases.

COMPANIES

- Blue Label Telecoms reported a 4 percent increase in annual profit.

- Bid Corp posted a 9.1 percent rise in annual profit. [

SOUTH AFRICAN MARKETS

South Africa's rand firmed on Tuesday as the dollar weakened after U.S. President Donald Trump criticised the head of the Federal Reserve for raising interest rates.

GLOBAL MARKETS

Asian stocks eked out gains on Wednesday, with sentiment boosted by Wall Street's rise and a record intraday high for the S&P 500 index on Tuesday, but fragile Chinese markets retreated after two days in the black.

WALL STREET

The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, buoyed by strong earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China.

GOLD

Gold prices hit a one-week high on Wednesday and inched closer to the key $1,200 level as the dollar remained weak on U.S. President Donald Trump's criticism of the Federal Reserve and ahead of minutes from the central bank's August meeting.

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

- Revenue shortfall at SARS 'self-inflicted'

- Steinhoff suspends two former executives

BUSINESS REPORT

- Shoprite hit by a storm (Compiled by Tiisetso Motsoeneng)

2018-08-22 07:36:15

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