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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- Reserve Bank Deputy Governor Daniel Mminele speaks at the Institute of International Finance's Africa summit at 0715 GMT.
- Business TV channel CNBC Africa flights pre-recorded interview with Reserve Bank Governor Gill Marcus at 1630 GMT.
- About 2,300 South African mineworkers staged an underground sit-in at Anglo American Platinum's Dishaba mine, saying they will not leave until a suspended union leader is reinstated, the company said on Sunday.
- Tongaat Hulett, Vodacom, Lewis, and Raubex release their interim results.
- Astral Foods, African Bank and Lonmin release their annual results.
SOUTH AFRICAN MARKETS
South African stocks ended lower on Friday, dropping 1.3 percent as investors cashed in recent hefty gainers such as AngloGold Ashanti and Richemont after a string of record highs.
South Africa's rand fell as much as 1 percent against the greenback on Friday as U.S. jobs data reignited expectations that the Federal Reserve will cut back on asset purchases that have fed billions of dollars into high-yielding emerging markets.
Asian shares fell to a four-week low on Monday as a surprise surge in U.S. jobs growth heightened expectations the Federal Reserve will start reducing stimulus by year-end, boosting the dollar against the euro, yen and emerging currencies.
U.S. stocks rose on Friday, rebounding from the previous session's selloff, after an unexpectedly strong payrolls report lent weight to views the world's largest economy is stronger than previously thought.
Gold eased on Monday to trade near three-week lows as a strong U.S. jobs growth reignited fears the Federal Reserve could soon start scaling back its stimulus, denting bullion's appeal as a hedge against inflation.
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Some of the main stories out in the South African press:
- CFR will not sweeten Adcock deal to woo PIC
- Kumba CEO in drive to fix 'nightmare' Sishen mine
- Eskom bills contractors over delays
(Compiled by Olivia Kumwenda-Mtambo) Keywords: MARKETS SAFRICA FACTORS/
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