Cisco expands Splunk AI to on-premises users via NVIDIA partnership
The JSE ended higher on Monday, as the weaker rand which touched R18 against the dollar at some point supported mining and industrial stocks which make up the majority of the domestic share market.
In company-specific news, Anglo American Platinum (JO:AMSJ) released a profit warning yesterday. The platinum miner expects headline earnings per share to drop by 33% to 52% for the 12 months ended December 2022 due to lower platinum group metals (PGM) sales volumes, and higher inflation which pushed up mining and processing costs. A delayed smelter project in Polokwane has also impacted their results.
Chart: Historical USDZAR Chart (Source: ThinkMarkets)
The US is expected to release its inflation numbers for January later today. The headline number is expected to decline to 6.2%, while core inflation is expected to decline to 5.5% from 5.7% in the prior month.
