The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
SOUTH AFRICAN MARKETS
South Africa’s rand was slightly weaker on Thursday ahead of President Cyril Ramaphosa’s State of the Nation address, with investors treading cautiously before hearing the government’s plans to grow a limping economy.
Asian shares edged up on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic.
Wall Street lost ground on Thursday, backing away from record highs as investors digested new coronavirus developments and mixed corporate earnings.
Gold eased from an over one-week peak on Friday as risk sentiment improved on hopes of global measures to soften the impact of the coronavirus outbreak, but a surge in new cases capped bullion’s losses and kept it on track for a weekly gain.
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Some of the main stories out in the South African press:
– Ramaphosa pledge on Eskom obstacles
– Aton could still launch a new bid, says M&R
– Ramaphosa unveils list of priorities for SA
– Gold Fields to keep revived South Deep (Compiled by Nqobile Dludla)