The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
- South Africa-Money Supply-M3 Money Supply. 0600 GMT
- South Africa-Trade balance-Trade Balance. 1200 GMT
- Full Year 2019 Tongaat Hulett Earnings Release.
- Full Year 2019 Mine Restoration Investments Earnings Release.
- Full Year 2019 Adrenna Property Group Earnings Release.
- Half Year 2019 Group Five Earnings Release.
- Full Year 2019 Taste Holdings Earnings Release.
The South African rand weakened late on Thursday, giving back gains after President Cyril Ramaphosa’s new cabinet retained familiar faces in key positions, including Tito Mboweni as finance minister.
U.S. stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump’s shock threat of tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.
U.S. stocks showed signs of stabilizing on Thursday, but gains were kept in check by conflicting comments on trade talks from President Donald Trump and Beijing that reinforced concerns about a potentially lengthy battle harming global growth.
Gold prices rose on Friday, heading towards their first monthly gain since January on increased safe-haven demand, after U.S. President Donald Trump vowed to levy tariffs on all Mexican imports, ratcheting up concerns of a global economic slowdown.
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Some of the main stories out in the South African press:
- Standard Bank AGM votes down climate change resolution.
- State pension fund to sue Ayo for lost billions
- Nampak suspends dividends.