The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.
South Africa’s rand raced to its firmest in more than a month on Friday as traders eased their dollar holdings and bought the local currency after the United States reported weaker than expected employment growth.
The Japanese yen, gold and sovereign bonds all rose on Monday as North Korea’s latest nuclear test provoked the usual knee-jerk shift to safe havens, though equity losses were modest amid expectations the flare-up would prove fleeting.
U.S. equity index futures dipped at the open on Sunday, as stock traders showed caution following news that North Korea had escalated diplomatic tensions by conducting what it said was a test of a hydrogen bomb.
Gold prices hit their highest in nearly 10 months on Monday after North Korea’s latest and most powerful nuclear test drove investors towards safe-haven assets.
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Some of the main stories out in the South African press:
- Gigaba set to appoint new Treasury chiefs
- Shock CEO news hits Pioneer Food Group
- Policy directive for clean energy (Compiled by Tiisetso Motsoeneng)