MTN: 8,739 -121 (-1.37%)
South African Markets - Factors to watch on August 5
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Monday.
- MTN Group says MTN Ghana subscribers up by 6.2%
to 21.3 Mln.
SOUTH AFRICAN MARKETS
South African stocks slipped to a near two-month low on
Friday as risk aversion swept across financial markets on
resurgent U.S.-China trade tensions, while the rand also
Asian shares suffered their steepest daily drop in nine
months on Monday, as Sino-U.S. trade friction sent the yuan
slumping to a more than decade trough and stampeded investors
into safe harbours including the yen, bonds and gold.
Wall Street extended its sell-off on Friday on renewed trade
fears as the benchmark S&P 500 index and Nasdaq saw their worst
weekly percentage plunges since December, when investors were
spooked by the prospect of a looming recession.
Gold prices jumped 1% to their highest level in more than
six years on Monday, as the escalating trade war between the
United States and China along with global growth worries drove
investors towards safe-haven assets.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Ramaphosa warned on runaway debt
- Banking sector 'faces shutdown over job cuts'[
- Brait 'may sell stake in Virgin Active'
(Compiled by Olivia Kumwenda-Mtambo)
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