The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.
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Media group Independent News & Media has agreed to sell its South African unit to a consortium of investors for 2 billion rand ($226 million).
SOUTH AFRICAN MARKETS
Stocks edged down 0.12 percent on Friday, booking their first weekly decline in four weeks, as shares of Impala Platinum were hammered again on news it would issue a convertible bond.
The rand extended gains to end the week below the 8.80 resistance level on Friday, inspired by stronger-than-expected U.S. data that boosted prospects for global economic growth.
Japanese shares jumped closer to a 33-month high as the yen slumped on Monday after Tokyo dodged direct criticism from G20 peers on the aggressive reflation plans that have weakened the currency.
The S&P 500 dipped in a late decline on Friday as Wal-Mart dropped following a report of a weak start to February sales, though the index just barely extended its streak of weekly gains to seven.
Gold rebounded from a six-month low on Monday as bargain hunters resurfaced and jewellers in China returned to the physical market after the Lunar New Year holiday, but a firm U.S. dollar was likely to limit the upside.
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Some of the main stories out in the South African press:
- Amplats' job cuts plan may be amended
- Tongaat feels Harare pressure
- Mining taxes to face review
(Reporting by Helen Nyambura-Mwaura) Keywords: MARKETS SAFRICA FACTORS/
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