LEWIS: 3,644 +194 (+5.62%)
South African Markets - Factors to watch on Nov 13
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Monday.
Vodacom H1 results
Tongaat Hulett HY results
Lewis Group HY results
SOUTH AFRICAN MARKETS
South Africa's rand ZAR=D3 slipped to a one-year low on
Friday as fears of a ratings downgrade resurfaced on reports
President Jacob Zuma is preparing to introduce free tertiary
Asian shares stepped back in cautious trade on Monday as
investors look to see whether U.S. Republicans can hammer a tax
reform deal quickly, while the British pound fell on growing
doubts over Prime Minister Theresa May's leadership.
Wall Street ended marginally lower on Friday, with losses in
Intel and Apple as investors worried about the future of
promised corporate tax cuts following dueling plans unveiled by
Gold prices were little changed on Monday, but held near the
previous session's low, pressured by a firmer dollar and
expectations of a series of interest rate hikes by the U.S.
Federal Reserve this year and in 2018.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Treasury in retreat as Zuma takes control
- Richemont ups global travel retailer stake
- Economists warn of weaker rand, debt default
(Compiled by Joe Brock)
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