CURRO:  860   -20 (-2.27%)  08/08/2020 00:00

South African Markets - Factors to watch on August 14

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


- Statistics South Africa publishes June retail sales. 1100 GMT

COMPANIES - Full Year 2019 Tongaat Hulett Earnings Release. - Half Year 2019 Curro Holdings Earnings Release.



South Africa's rand firmed on Tuesday, helped by improved risk appetite on signs of easing trade friction after the United States said it would delay tariffs on some Chinese products and both sides agreed to continue talks. Stocks closed slightly weaker, weighed down by the gold sector.


Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil.


U.S. stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally.


Gold prices dipped on Wednesday after the United States delayed tariffs on some Chinese imports, easing trade concerns, although political uncertainties and lingering global growth concerns limited losses for the safe-haven metal.


For the top emerging markets news, double click on

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


- Court stops 350 million rand ($23 million) Eskom contract.


- Industrial Development Corporation close to broke. ($1 = 15.1220 rand)

2019-08-14 07:58:01

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