CALGRO:  1,100   +11 (+1.01%)  17/08/2018 00:00

South African Markets - Factors to watch on May 14

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

COMPANIES

- Vodacom says FY HEPS remained flat at 923 cents per share.

- Astral Foods HY revenue 6.67 billion rand vs 5.79 billion rand.

- Balwin Properties says FY revenue fell 9 percent to 2.5 billion rand.

- Calgro M3 Holdings FY headline earnings decreased by 32.28 percent to 90.12 cents per share.

SOUTH AFRICAN MARKETS

South Africa's rand hit a three-week high against the dollar on Friday as the greenback eased from its 2018 peak against a basket of major currencies, while payment solutions provider Net 1 UEPS Technologies topped stock gainers.

GLOBAL MARKETS

Asian shares rose to near two-month highs on Monday on hopes of a thaw in U.S.-China trade tensions, after U.S. President Donald Trump pledged to help ZTE Corp "get back into business, fast" after a U.S. ban crippled the Chinese technology company.

WALL STREET

The S&P 500 rose on Friday, helped by healthcare stocks after President Donald Trump blasted high drug prices but avoided taking aggressive measures to cut them.

GOLD

Gold prices rose on Monday on the back of a subdued dollar as investors considered the prospects of fewer interest rate hikes in the United States this year.

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

- Coronation to take Steinhoff to court

BUSINESS REPORT

- City Power takes on Eskom

- Inflation likely to inch up on surging oil prices and weaker currency (Compiled by Olivia Kumwenda-Mtambo)

2018-05-14 07:32:57

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