South African Markets - Factors to watch on Nov 27

JOHANNESBURG, Nov 27 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.

GLOBAL MARKETS

Asian stocks slumped on Friday as the Dubai-debt shockwaves hit the region, shaking banking shares and pushing the yen to a fresh 14-year high against a struggling dollar as investors unwound risky trades.

The shock Dubai news raised investor fears of debt defaults that could hit other parts of the global economy just as it is trying to recovery from the global financial crisis. [ID:nGEE5AQ020]

SOUTH AFRICAN MARKETS

South Africa's rand fell more than 2 percent against the dollar on Thursday, reversing the previous day's strong gains as the greenback recovered broadly, helped by a downturn in appetite for risky assets.

The local bourse ended lower, tracking weaker global markets as a bull-run in commodity shares took a breather, while government bonds also weakened sharply, pushing yields higher, on unbundling of long positions ahead of the weekend.