KAYDAV: 86 0 (0.00%)
South African Markets - Factors to watch on March 20
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Wednesday.
- Statistics SA publishes February inflation figures. 0800
- Statistics SA publishes February retail sales figures.
- Full Year 2018 Kaydav Group Earnings Release.
- Full Year 2018 Master Drilling Group Earnings
SOUTH AFRICAN MARKETS
South Africa's rand steadied on Tuesday as the prospect of
rolling blackouts and downbeat economic data offset expectations
that a dovish tone at this week's U.S. Federal Reserve policy
meeting could lift emerging market assets.
Stocks meanwhile rose, with the Johannesburg All-Share index
.JALSH up 0.14 percent to 56,849 points, while the Top-40 Index
.JTOPI firmed 0.17 percent to 50,475 points.
Asian shares slipped from six-month highs on Wednesday as
investors took profits ahead of a policy decision by the U.S.
Federal Reserve which is expected to shed more light on its
interest rate plans for the rest of the year.
the benchmark S&P 500 index ended little changed on Tuesday
as investor optimism regarding the Federal Reserve's expected
affirmation of its dovish policy stance was offset by reports of
fault lines emerging in ongoing U.S.-China trade
Gold prices dipped on Wednesday, after posting gains in the
previous three sessions, as the dollar gained ground ahead of an
interest rate decision by the U.S. Federal later in the
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Steinhoff fingers eight executives 100 billion
rand in fraud.
- Metal workers union NUM backtracks on plans for national
shutdown over Eskom.
- Eskom to bypass procurement regulations to tackle
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