GROUP-5:  89   0 (0.00%)  22/03/2019 00:00

South African Markets - Factors to watch on April 13.

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


South African engineering company Group Five is looking at raising money via a rights issue to repay debt and bolster its finances after reporting a bigger than expected first-half loss following problems with a Ghana power project.


South Africa's rand weakened against a stronger dollar on Thursday as rising tensions between Russia and the United States over Syria curbed risk appetite, while stocks rose led by banks.


Asia stocks pared early gains on Friday as caution crept in ahead of the U.S. earnings season and as investors weighed the possible impact on global growth from a tariff spat between the United States and China.


U.S. stocks climbed on Thursday as investors anticipated a strong earnings season and as U.S. President Donald Trump's suggestion that a military strike on Syria may not be imminent ratcheted down geopolitical worries.


Gold rose on Friday and was set to post a small gain for a second week running, supported by tensions over Syria.


For the top emerging markets news, double click on

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Some of the main stories out in the South African press:


- Davis report: South Africa not ready for wealth tax. (Compiled by Ed Stoddard)

2018-04-13 07:23:12

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