UPDATE 1-South African Markets - Factors to watch on April 19
(Adds Pick n Pay, finance minister news conference, CPI) The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.
- South Africa's Pick n Pay PIKJ.J posted an 18 percent rise in full-year profit on Wednesday, as the grocer cut costs while consumers struggle in its home market.
- Statistics South Africa releases consumer price index data for March.
- Finance Minister Malusi Gigaba hosts a news conference ahead of an confidence-building roadshow abroad
SOUTH AFRICAN MARKETS
South African stocks slid on Tuesday, dragged down by resources companies, while the rand firmed slightly amid lingering political uncertainty. Continued...