The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
No major economic events scheduled.
Clicks Group reports half-year results.
South Africa’s rand extended gains against the dollar on Thursday and government bonds firmed, helped by slowing inflation and the government’s rejection of nationalisation of mines and banks.
Stocks were little changed, as rand hedges and gold shares fell.
Asian stocks were set to end the week with a bang, lifted by bets on strong U.S. earnings and tax reform, while the euro retreated from a three-week high as jitters returned over French presidential elections on Sunday after a shooting in Paris.
U.S. stocks rallied on Thursday, with the Nasdaq closing at a record, as a round of solid earnings led by American Express pushed equities higher.
Gold held steady on Friday with tensions surrounding upcoming French elections underpinning the safe-haven demand, but the yellow metal was on track for its first weekly drop in six.
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Some of the main stories out in the South African press:
- Tegeta advance ‘must be converted to loan’; Treasury says no evidence company used money to buy equipment for its mining operations
- Power utility will seek waivers on nuclear rules
- Gigaba assurance boosts the rand
- State set to review its aviation sector