The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Friday.
Telkom H1 results.
SOUTH AFRICAN MARKETS
South Africa's rand weakened on Thursday after comments by
President Jacob Zuma raised concerns about higher spending on
education, which would put added strain on the country's already
stretched public finances. Stocks weakened in a volatile market
that took its cue from weakness in the currency, with Steinhoff
International, weighing on the bourse.
Asian shares slipped on Friday on uncertainty about U.S. tax
reforms after Senate Republicans unveiled a plan that differed
from the House of Representatives' version in several key areas,
including a delay in the timing of a corporate tax cut.
Wall Street stocks dropped on Thursday, weighed down by
losses in Microsoft and other technology issues, as investors
turned their attention to a U.S. Senate Republican plan that
would delay expected corporate tax cuts.
Gold prices on Friday held near a three-week high touched in
the previous session, underpinned by uncertainty over U.S. tax
reforms and on track for the first weekly rise in four
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- 'Suspicious' SARS deposits not probed.
(Compiled by Ed Stoddard)
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