ECONOMIC EVENTS Statistics South Africa to publish March producer price inflation numbers at 0930 GMT.
COMPANIES Former Eskom CEO Andre de Ruyter will appear before the South African parliament’s standing committee on public accounts to explain his allegations of corruption in the struggling utility.
SOUTH AFRICAN MARKETS South Africa's rand slipped on Tuesday against the dollar, as the central bank warned core inflation in the country remained elevated and a leading business cycle indicator fell.
Shares on the Johannesburg Stock Exchange fell, with both the broader all-share index and the blue-chip Top-40 index ending nearly 0.3% lower. GLOBAL MARKETS U.S. stock futures bounced as buybacks and earnings beats boosted tech giants in after-hours trade, although Asian shares wallowed at one-month lows on Wednesday, with investors turning nervous on the outlook for the world's two biggest economies. WALL STREET Wall Street's major averages suffered their deepest declines so far this month as a downbeat UPS forecast exacerbated investor concerns about a slowing U.S. economy on Tuesday while plunging deposits at regional First Republic Bank added to jitters about the bank sector's health. GOLD Gold prices moved in a tight range on Wednesday, with recessionary fears lending some support to the safe-haven asset, while investors sought more clarity on the Federal Reserve's rate-hike trajectory from U.S. economic data due this week. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - State releases request for proposals to source 3,740MW of renewable energy - Competition Tribunal scrutinises Sasol's sodium cyanide assets deal with Draslovka
FIN 24 - De Ruyter claims his R1bn-a-month Eskom theft estimate is 'conservative' - Steinhoff shareholders may now get rights to a fifth of any restructured firm (Compiled by Anait Miridzhanian)
