South African Markets - Factors to watch on March 29

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on March 29

The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Monday.


- No major releases.


- Q4 2020 Trencor Ltd TREJ.J Earnings Release.

- Full Year 2020 SA Corporate Real Estate Fund Managers SACJ.J (Pty) Ltd Earnings Release.


The South African rand was a touch weaker on Friday, with investors still digesting the central bank's decision to keep lending rates unchanged in the face of global inflation pressures and rate hikes in other emerging markets.

The major indexes on the Johannesburg Stock Exchange (JSE) jumped more than 3% after several days of falls on slow global recovery worries. 


Asian share markets edged higher on Monday while oil prices slipped as the ship blocking the Suez Canal was re-floated, raising hopes the vital waterway could reopen and ease global shipping backlogs.


The S&P 500 and Dow rose in a broad-based rally on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984.


Gold prices inched lower on Monday as the U.S. dollar and global share markets firmed on the back of improving economic outlook, with elevated bond yields putting further pressure on the metal.

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


- The ANC's national executive committee (NEC) was locked in a heated meeting on Sunday night where it was expected to discuss the fate of secretary-general Ace Magashule.

FIN 24

- There is potential for agriculture to boost Mpumalanga's economy - given that the province accounts for 46%.

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