The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.
South African President Cyril Ramaphosa on Tuesday appointed former central bank governor Tito Mboweni as finance minister, replacing Nhlanhla Nene who admitted to having meetings with the business family at the centre of alleged corruption. AFRICAN MARKETS
South Africa's rand climbed to a session best on Tuesday after President Cyril Ramaphosa appointed former central bank governor Tito Mboweni as finance minister, a moved that soothed markets after days of uncertainty. .J ZAR/
Asian shares barely moved on Wednesday after world stocks hit eight-week lows the previous day on worries about global economic growth, although the British pound stayed firm on hopes for a Brexit deal. MKTS/GLOB
The Dow and S&P 500 ended slightly lower on Tuesday as investors, worried about global growth prospects, fled from materials and industrials stocks but falling bond yields kept declines in check in the three major indexes. .N
Gold prices crawled higher on Wednesday, as long-dated U.S. Treasury yields retreated from multi-year highs, pressuring the dollar. GOL/
Some of the main stories out in the South African press:
- Cheers as Mboweni returns to cabinet.
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