UPDATE 1-South African Markets - Factors to watch on April 19

Wed Apr 19, 2017 6:13am GMT

(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 stocks slid on Tuesday, dragged down by resources companies, while the rand firmed slightly amid lingering political uncertainty.   Continued...

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