MTN:  8,005   0 (0.00%)  25/09/2018 00:00

South African Markets - Factors to watch on Sept. 13

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

ECONOMIC EVENTS

- Stats S.A. publishes July mining and gold production figures. 0930 GMT

COMPANIES

- Vukile Property Fund Annual Shareholders Meeting.

- Full Year 2018 Grand Parade Investments Earnings Release.

- Full Year 2018 Aspen Pharmacare Holdings Earnings Release.

- Full Year 2018 Group Five Earnings Release.

- Full Year 2018 Visual International Holdings Earnings Release.

- Full Year 2018 Capevin Holdings Earnings Release.

SOUTH AFRICAN MARKETS

South Africa's rand firmed in late afternoon deals on Wednesday as stronger retail sales data dimmed the spotlight on economic growth concerns, while stocks followed global equities down.

GLOBAL MARKETS

Asian shares won a reprieve on Thursday as news the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter tariff dispute between the world's two biggest economies.

WALL STREET

The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings.

GOLD

Gold prices on Thursday held steady near a more than one-week high hit in the previous session, with hopes for a new round of U.S.-China trade talks weighing on the dollar.

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

- State pension fund to increase offshore investments.

BUSINESS REPORT

- MTN reeling from offshore woes.

2018-09-13 07:45:11

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