South African Markets – Factors to watch on April 19

PUBLISHED: Mon, 19 Apr 2021 05:31:48 GMT

JOHANNESBURG, April 19 – The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Monday.


Retailer Steinhoff said on Monday it would seek creditor approval to list its discount variety retailer Pepco Group.


South Africa’s rand fell on Friday, but looked set for weekly gains after a rally the day before that took it to its best level in 15 months as falling yields in the United States drove global demand for risk assets.


Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections.


The three main Wall Street indexes ended Friday higher for the day and week, with the S&P 500 .SPX and the Dow .DJI breaking closing records, as investors took strong economic data and bank earnings as signs of momentum in the U.S. pandemic recovery.


Gold edged higher on Monday, hovering near a seven-week peak hit in the previous session, as a weaker dollar and lower U.S. Treasury yields supported prices.


For the top emerging markets news, double click on

– – – –

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


– Stalled J&J vaccine rollout poised to resume this week

FIN 24

– New interim SAA CEO wants to make the airline something SA can ‘be proud of’

Sign Up for Our Newsletter Daily Update

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.

– Kganyago hits back at critics

(c) Copyright Thomson Reuters 2021. Click For Restrictions –