Some of the main stories out in the South African press: BUSINESS DAY - Treasury does not support state monopoly in energy sector, says David Masondo (Compiled by Anait Miridzhanian)
JOHANNESBURG, Feb 24 (Reuters) - The following scheduled
economic events, company announcements, equity and currency
market moves may affect South African markets on Friday.
ECONOMIC EVENTS
Inflation-linked bond auction
Treasury bill auction
COMPANIES
South African state power utility Eskom said on Friday that
it had appointed Calib Cassim as its interim chief executive,
after Andre de Ruyter left the company.
SOUTH AFRICAN MARKETS
The South African rand edged lower against the U.S. dollar
on Thursday, losing all the ground gained in response to the
finance minister's budget speech the previous day.
Shares on the Johannesburg Stock Exchange rose, with both
the broader all-share index and top-40 index closing up about 1.1%. GLOBAL MARKETS
Asian markets breathed a sigh of relief on Friday as the
incoming head of Japan's central bank soothed fears of an early
end to super-easy monetary policy, nudging bond yields lower
globally. WALL STREET
Wall Street ended a topsy-turvy Thursday in positive
territory, with the S&P 500 snapping a four-session losing
streak, as investors grappled with how interest rate policy
might affect the U.S. economy. GOLD
Gold prices rose on Friday as the dollar weakened, though
investor worries that recent economic data could lead the U.S.
Federal Reserve to keep raising interest rates capped gains. EMERGING MARKETS
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