South African Markets - Factors to watch on March 16

JOHANNESBURG, March 16 (Reuters) - The following scheduled company announcements, equity and currency market moves may affect South African markets on Thursday.

COMPANIES Exxaro Resources full-year results

Libstar full-year results

SOUTH AFRICAN MARKETS South African shares and the rand plummeted on Wednesday as the U.S. banking crisis spread to Europe and continued to wreak havoc on global markets. GLOBAL MARKETS Asian stocks slid on Thursday and investors turned to the safety of gold, bonds and dollars as Credit Suisse became the latest focal point for fears of a banking crisis, leaving markets on edge ahead of a European Central Bank meeting later in the day. WALL STREET U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smaller U.S. rate hike this month. GOLD Gold retreated on Thursday from a safe-haven-driven rally, which sent prices to their highest since early-February, as traders more sought clarity on the financial sector after Credit Suisse became the latest focal point for fears of a banking crisis. EMERGING MARKETS For the top emerging markets news, double click on - - - -

Some of the main stories out in the South African press:

BUSINESS DAY - No key infrastructure off limits in shutdown, Julius Malema warns - Government backs down as public servants play chicken over wages
(Compiled by Nellie Peyton)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

South African Markets - Factors to watch on March 16

By Reuters

Reuters

Reuters

Gold has a path to $4,000 as U.S. credibility crumbles - WisdomTree’s Nitesh Shah

Why gold revaluation charts put prices at $25,000-$55,000 if history rhymes, silver poised for breakout: Crescat Capital Strategist

Whether 145% or 10%, tariff uncertainty is enough to stop U.S. gold and silver imports, distort the metals market at all levels – Experts

Gold price plummets as U.S.-China trade relations thawing

Gold price down a bit amid better risk appetite