Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on Jan 21

JOHANNESBURG, Jan 21 (Reuters) – The following economic events, debt and currency market moves may affect South African markets on Tuesday.


Government bond auction


South Africa’s rand fell to a five-week low against the dollar on Monday as domestic woes hurt the currency’s carry yield attraction and stocks ended a six-session winning streak.


Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.


Gold prices rose to a two-week high on Tuesday as a new strain of pneumonia in China stoked fears of a wider epidemic that could hamper economic growth, sparking a sudden bout of risk aversion and sell-off in Asian stocks.


For the top emerging markets news, double click on

– – – –

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


– Goldman Sachs gets green light for bank in SA

– Union asks Ramaphosa to intervene at Richards Bay mine

(Compiled by Alexander Winning)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Array ( )