Discovery announces interim results
SOUTH AFRICAN MARKETS South Africa's rand strengthened against the U.S. dollar and dollar-denominated bonds of Eskom rose, after the finance minister said in his 2023 budget speech that the government would take on more than half of the state utility's debt. GLOBAL MARKETS Asian stock markets eked gains on Thursday after better-than-expected revenue at chip giant Nvidia helped the sector in Taiwan and South Korea and offset worries that strong economic data so far this year is a harbinger of even more rate hikes. WALL STREET The S&P 500 .SPX extended its losing streak to four sessions as Wall Street ended broadly lower on Wednesday, with investors cautious despite the latest guidance on rate policy from the U.S. central bank showing few surprises. GOLD Gold prices rose on Thursday, helped by a slight pullback in the dollar, although prospects of U.S. interest rates staying higher for longer kept bullion on a tight leash. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press: BUSINESS DAY - Treasury takes the wheel at Eskom - Godongwana tells SA to prepare for greylisting (Compiled by Nellie Peyton)
