South African Markets - Factors to watch on Oct 11

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.

COMPANIES

- Santam says all conditions relating to Saham Finances deal fulfilled.

POLITICS/POLICY

Minister of Communications, Nomvula Mokonyane will brief media on the outcomes of the Cabinet meeting held on Wednesday, 10 October 2018. 0700 GMT.

SOUTH AFRICAN MARKETS

South Africa's rand weakened on Wednesday, giving back gains it made following Tito Mboweni's appointment as fiance minister, with investors banking profits ahead of a ratings decision on Friday. Stocks were hammered by losses of market-heavyweight Naspers.

GLOBAL MARKETS

Asian share markets sank in a sea of red on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe.

WALL STREET

U.S. stock index futures were down slightly late Wednesday after they resumed trading for the overnight session.

GOLD

Gold prices inched down on Thursday as robust U.S. data potentially bolstered the chances of multiple U.S. interest rate hikes over the next year, but a weaker dollar curbed losses.

EMERGING MARKETS

For the top emerging markets news, double click on

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Some of the main stories out in the South African press:

BUSINESS DAY

- Johannesburg inner city project may bring investors back. (Compiled by Ed Stoddard)

2018-10-11 07:23:59