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 weakened against the dollar on Friday due to waning risk appetite as the surging number of coronavirus cases left daunting prospects for global growth. .J ZAR/
Global share markets tumbled on Monday as panicked investors fled headlong to bonds to hedge the economic trauma of the coronavirus, and oil plunged more than 30% after Saudi Arabia opened the taps in a price war with Russia. MKTS/GLOB
U.S. stock futures plunged 5% to hit their daily down limit and halt trading after the biggest single-day loss in oil futures in almost 30 years on Sunday exacerbated fears of a credit crunch across financial markets. .N
Gold prices rose above the $1,700 per ounce level on Monday for the first time in more than seven years, after a stock market rout due to concerns over a widening coronavirus outbreak and its economic impact drove investors towards safe-haven assets. GOL/
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Some of the main stories out in the South African press:
- Amplats force majeure to hit global PGM supplies
- Sasol (JO: SOLJ ) slumps 6% after junk grading on debt and overruns
- Eskom in R5bn claim against Tegeta BRPs
- Virus isolation measures in place, says Minerals Council
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