ANGGOLD: 18,385 +349 (+1.94%)
South African Markets - Factors to watch on August 20
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Monday.
- No major economic releases.
- Sasol releases full-year results.
- AngloGold Ashanti releases full-year results.
SOUTH AFRICAN MARKETS
South Africa's rand weakened against the dollar on
Friday, tracking its emerging market peers lower as the Turkish
The All-Share index rose 0.24 percent to 56,698
points while the top 40 index was 0.27 percent higher
at 50,641 points.
Most Asian share markets crept cautiously higher on Monday
as investors awaited developments on proposed Sino-U.S. trade
talks and the Chinese yuan rallied away from alarming
U.S. stocks closed higher on Friday, with the S&P 500 and
the Dow Jones Industrial Average extending gains and the Nasdaq
turning positive on reports of progress in tariff disputes
between the United States and its trading partners China and
Gold prices inched higher on Monday as hopes of easing trade
tensions between the United States and China put pressure on the
dollar, adding to demand for the yellow metal that improved last
week after prices touched 19-month lows.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Public Investment Corporation chief executive linked to
Eskom coal contracts corruption.
- Steinhoff begins restructuring.
- Basil Read gets 265 million rand for business rescue.
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