South African markets open cautiously as investors track Treasury bills, foreign flows, oil, gold and changing expectations for U.S. interest rates.
Southern Africa
Zambia’s mining industry wants stronger policy, exploration and power support to triple copper output as the country heads into a closely watched election.
Zambians vote as President Hakainde Hichilema seeks a second term, with debt restructuring, copper investment and living costs shaping the election.
South African rand holds near a five-month high as traders await U.S. inflation data, while unemployment rises and government bonds come under pressure.
Merafe Resources' half-year headline earnings rose 64% as stronger chrome ore prices and sales offset lower ferrochrome production and industry pressure.
South African markets face jobs and manufacturing data, a bond auction, company earnings, and global oil, gold and U.S. rate signals on August 11.
The South African rand strengthened as rising gold prices supported the currency, while markets awaited U.S. jobs data for signals on interest rates.
South Africa has secured a $500 million AIIB loan to strengthen climate-resilient urban services, marking the bank's first investment in the country.
South African markets face global risk sentiment, commodity moves and overseas developments on August 6 after the rand strengthened and the JSE Top-40 gained.
South Africa’s private sector stayed in expansion in July, but growth slowed as weak demand, softer hiring and inventory cuts weighed on activity.