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South African Markets - Factors to watch on March 5

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

ECONOMIC EVENTS

- Statistics South Africa releases Q4 GDP data

COMPANIES

- Royal Bafokeng Platinum reported a 54.2 percent fall in annual headline earnings due to cost related to scrapping f a feasibility into a concentrator plant.

- Nedbank, one of South Africa's top four lenders, said on Tuesday its headline earnings rose by over 14 percent in the 12 months to Dec. 31 to 13.5 billion rand ($950.27 million.

- Clover Industries reported a 5 percent rise in H1 profit.

SOUTH AFRICAN MARKETS

South Africa's rand ended firmer on Monday, boosted by growing hopes of a trade deal between the United state and China, but trading was cautious ahead of crucial local and offshore data that could see the currency's slide resume.

GLOBAL MARKETS

Asian shares stepped back on Tuesday, weighed by U.S. growth concerns and as China cut its economic expansion target amid growing challenges from rising debt and a dispute over trade and technology with the United States.

WALL STREET

Wall Street's major indexes fell on Monday, weighed down by a weak U.S. construction spending report and declines in healthcare shares, as an initial rally on optimism over a U.S.-China trade deal faded.

GOLD

Gold steadied on Tuesday, but was hovering near a five-week low touched in the previous session, as rising U.S. Treasury yields boosted the dollar.

EMERGING MARKETS

For the top emerging markets news, double click on

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

BUSINESS DAY

- Bumpy road ahead for South African Consumers

- State bleeds 3 billion rand due to late leases signed at high rentals

BUSINESS REPORT

- ARC to up stake in Alex Forbes via Sanlam

(Compiled by Tiisetso Motsoeneng)

2019-03-05 07:34:57

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