The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.
- JSE imposes censure, fine on Pepkor due to breaches Of listings requirements.
South Africa’s rand fell on Friday, giving back some of Thursday’s gains after a hike in the official borrowing rate by the central bank helped the currency hit a three-month high.
Stocks fell led by bourse heavyweight Naspers coming under pressure.
Asian stocks and U.S. equity futures posted modest gains on Monday on hopes of solid U.S. holiday sales, though plunging oil prices fanned worries about a dimming outlook for the global economy.
U.S. stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.
Gold prices were steady on Monday, capped by headwinds from a firm dollar, while investors looked to the G20 meeting this week for signs of a thaw in the Sino-U.S. trade conflict.
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Some of the main stories out in the South African press:
- New era for PIC after Matjila’s resignation
- Matshepo More takes over at the PIC (Compiled by Olivia Kumwenda-Mtambo)