Some of the main stories out in the South African press: BUSINESS DAY - PSA wants 12.5% wage increase for public sector members FIN 24 - Ramaphosa, Mantashe to oppose legal challenge over energy planning (Compiled by Alexander Winning)
JOHANNESBURG, Feb 20 (Reuters) - The following company
announcements, equity and currency market moves may affect South
African markets on Monday.
COMPANIES
Anglo American Platinum financial results
SOUTH AFRICAN MARKETS
South Africa's rand on Friday recouped some losses from the
previous session, when President Cyril Ramaphosa defended his
decision to appoint a minister of electricity to try to end
crippling power cuts. GLOBAL MARKETS
Asian shares edged up on Monday as a U.S. holiday made for
slow trading ahead of minutes of the latest Federal Reserve
meeting and a reading on core inflation that could add to the
risk of interest rates heading higher for longer. WALL STREET
The S&P 500 ended lower on Friday, weighed down by Microsoft
and Nvidia as investors worried that inflation and a strong U.S.
economy could put the Federal Reserve on pace for more interest
rate hikes. GOLD
Gold prices were stuck in a tight range on Monday, as bets
of more interest rate hikes from the U.S. Federal Reserve dimmed
the outlook for non-yielding bullion and boosted the dollar. EMERGING MARKETS
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