The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.
The rand weakened slightly against the dollar on Monday ahead of second-quarter GDP numbers and as safe-haven assets gained after a nuclear test by North Korea; but stocks were weaker.
Asian shares were on the defensive on worries about North Korea but expectations that Beijing will maintain support for its economy ahead of a key congress supported Chinese stocks and copper prices.
U.S. stock index futures were modestly lower on Monday, paring losses from Sunday after North Korea said it conducted a hydrogen bomb test.
Gold prices edged up on Tuesday, hovering around their highest levels in nearly a year, as North Korea’s most powerful nuclear test to date underpinned haven demand for the precious metal.
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Some of the main stories out in the South African press:
- AfriSam submits new PPC proposal
- PetroSA signs $400 million deal with Russia’s Rosgeo
- Woolworths chairman lets rip about Zuma (Compiled by Tiisetso Motsoeneng)