AFROX:  2,208   +87 (+4.10%)  17/06/2019 00:00

South African Markets - Factors to watch on Sept 10

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


South African industrial gas supplier African Oxygen (Afrox) reported a 10 percent increase in half-year profit on Monday boosted by volume growth from its liquefied petroleum gas, healthcare and bulk industrial gases products.


The rand firmed on Friday as data showed South Africa's current account deficit narrowed, boosting investor sentiment towards the currency amid a broader recovery in emerging markets.


Asian shares started the week in the red on Monday, faltering for the eighth straight day while the dollar climbed as U.S. President Donald Trump raised the stakes in the heated trade dispute with China.


Wall Street's major indexes fell on Friday as U.S. President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc AAPL.O indicated that some of its products could be subjected to such levies.


Gold held on to a small loss from the previous session on Monday, as the dollar firmed amid expectations of a U.S. Federal Reserve interest rate hike in September and fears of escalating trade tensions between the United States and China.


For the top emerging markets news, double click on

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


- Bain & Co replaces head, to repay SARS fee

- Director's share sales added to MTN's woes


- Aveng disposing of Trident, Grinaker-LTA

- Poland's EPP to sell off all office assets (Compiled by Nqobile Dludla)

2018-09-10 07:35:33

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