NEDCOR: 21,690 +425 (+2.00%)
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.
- Statistics South Africa releases Q4 GDP data
- 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
- 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
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'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 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.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Bumpy road ahead for South African Consumers
- State bleeds 3 billion rand due to late leases signed at
- ARC to up stake in Alex Forbes via Sanlam
(Compiled by Tiisetso Motsoeneng)
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