Some of the main stories out in the South African press: BUSINESS DAY - Financial sector plans for grid collapse - Tiger Brands makes contingency plans for stage 8 load-shedding FIN 24 - How greylisting will hit South Africans (Compiled by Nellie Peyton)
JOHANNESBURG, Feb 22 (Reuters) - The following scheduled
economic events, company announcements, equity and currency
market moves may affect South African markets on Wednesday.
ECONOMIC EVENTS
Finance minister presents 2023 budget in parliament
COMPANIES
AngloGold Ashanti reports full-year results
SOUTH AFRICAN MARKETS
The South African rand on Tuesday slipped to its lowest
level this year, with investors awaiting the finance minister's
budget speech due on Wednesday that is likely to provide cues on
the government's policy trajectory. GLOBAL MARKETS
Asian share markets followed Wall Street into the red on
Wednesday as surprising strength in global surveys of services
stoked fears that central banks would have to lift interest
rates yet further and keep them up for longer. WALL STREET
Wall Street posted its worst performance of the year on
Tuesday, with the main benchmarks ending down as investors
interpreted a rebound in U.S. business activity in February to
mean interest rates will need to stay higher for longer to
control inflation. GOLD
Gold prices rose marginally on Wednesday, as investors
awaited minutes of the U.S. Federal Reserve's latest policy
meeting to assess prospects of further interest rate
hikes. EMERGING MARKETS
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