SPURCORP: 2,160 -127 (-5.55%)
South African Markets - Factors to watch on Feb. 22
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Friday.
Northam Platinum and Spur Corporation to
report half-year results. Liberty Two Degrees to report
SOUTH AFRICAN MARKETS
South Africa's rand traded slightly weaker on Thursday, a
day after the finance minister announced a partial bailout for
ailing power utility Eskom in an annual budget reflecting
sluggish growth while deficits and debt widened.
Shares in Asia slipped on Friday as a deteriorating global
economic outlook outweighed further signs of progress in trade
talks between China and the United States.
Weak economic reports pressured U.S. stocks on Thursday
after the market's recent run of gains, and a drop in healthcare
shares added to the bearish momentum.
Gold prices edged higher on Friday as optimism over
U.S.-China trade talks pressured the dollar, but signs of the
U.S. Federal Reserve raising interest rates again this year
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Trade unions threaten mass action against austerity budget
- Eskom to shed top jobs, says Gordhan
- Sibanye questions grading methodology
- Tax increase decried
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