| JOHANNESBURG, Sept 26
JOHANNESBURG, Sept 26 The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect South African
markets on Monday.
For South Africa corporate diary, click on
For southern and South Africa diary, click on
Avi Ltd , Kap International and Group 5
SOUTH AFRICAN MARKETS
South Africa's rand jumped more than 2 percent against the
dollar on Friday, rebounding from 28-month lows overnight as
investors tip-toed back to high-yielding assets they had dumped
on a global wave of risk aversion this week.
Government bonds were slower to pick up after a sell-off
that has seen net foreign outflows of more than 8 billion rand
($967 million)worth of local debt so far this month, compared
with inflows of nearly 11 billion rand in August.
South African stocks ended lower on Friday but bounced off
session lows as investors snapped up downtrodden stocks such as
ArcelorMittal South Africa.
Asian shares and the euro fell on Monday as investors
reacted cautiously to reports that European leaders were working
on new ways to stop the fallout from the euro zone sovereign
debt crisis wreaking more damage on the world economy.
The Dow Jones industrial average on Friday suffered its
worst week since the depths of the financial crisis in 2008,
stung by severe anxiety over Europe's spiraling debt crisis and
a warning from the Federal Reserved about the U.S. economy.
But stocks ended higher on Friday after a disastrous four
days of selling, which helped push down the S&P 500 index 6.6
percent for the week.
For the week, the Dow dropped 6.4 percent for its worst
weekly performance since October 2008 and the Nasdaq lost
almost 5.3 percent
Gold and silver prices tumbled on Monday, led by a nearly 10
percent drop in spot silver prices , as investors
liquidated their positions on fears of an impending recession.
Spot gold fell more than 3 percent to $1,604.29 an
ounce, wiping off gains over the past two months.
For the top emerging markets news, double click on
- - - -
Some of the main stories out in the South African press:
- Tanzania not rushing mines tax.
- Global demand for copper, especially in China, is putting
pressure on the Gautrain, which has lost millions through cable
theft, the CEO of the Gautrain Management Agency says.
- Kumba employees to get 500,000 rand ($60,400)
windfall: employee share option scheme described as
($1 = 8.273 South African Rand)
(Compiled by Ed Stoddard)