Some of the main stories out in the South African press: BUSINESS DAY - Medical schemes regulator moves to place Medipos under provisional curatorship - Zeda ready to pounce on recovering car rental market (Compiled by Bhargav Acharya)
JOHANNESBURG, Feb 17 (Reuters) - The following scheduled
economic events, company announcements, equity and currency
market moves may affect South African markets on Friday.
ECONOMIC EVENTS
South African inflation-linked bond auction
South African Treasury bill auction
COMPANIES
African e-commerce firm Jumia Technologies said on
Thursday that cost savings had helped it reduce fourth quarter
losses by 30% from a year earlier, with a further sharp drop
expected this year. SOUTH AFRICAN MARKETS
South Africa's rand weakened on Thursday after President
Cyril Ramaphosa defended his decision to appoint a minister of
electricity to try to end crippling power cuts.
On the stock market, the Top-40 and the broader
all-share indexes closed about 1% higher, mostly helped
by gains in the resources index . GLOBAL MARKETS
Asian equities slipped on Friday, while the dollar hovered
around six-week highs as economic data and hawkish comments from
Federal Reserve officials revived fears that the U.S. central
bank will stick to its monetary tightening path. WALL STREET
Wall Street ended sharply lower on Thursday after
unexpectedly strong inflation data and a drop in weekly jobless
claims added to fears that the U.S. Federal Reserve will keep
raising interest rates to tame high prices. GOLD
Gold prices dipped on Friday and were set for a third
straight weekly drop as investors fretted about more rate hikes
by the U.S. Federal Reserve after a slew of strong economic
data. EMERGING MARKETS
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