South African Markets - Factors to watch on May 19

The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday.


- The South African Reserve Bank announces its interest rate decisions following a meeting of its monetary policy committee.


- South African lender Investec Ltd INLJ.J announces its full-year results.

- Massmart MSMJ.J sales update for the 19 week period ended May 8.

- Afrimat Ltd AFTJ.J full-year results.


The South African rand weakened against the dollar on Wednesday, after inflation held steady at the top of the central bank's target range and retail sales numbers disappointed, a day before the central bank announces its interest-rate decision.

On the Johannesburg Stock Exchange (JSE), the All-Share index .JALSH ended down 0.88% at 69,083 and the blue-chip index of top-40 companies .JTOP I closed down 0.84% at 62,494 points, driven by a fall in resources companies.


Asian stocks tracked a steep Wall Street selloff on Thursday, as investors fretted over rising global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar held most of its strong overnight gains.


Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.


Gold prices were flat on Thursday, as a steady U.S. dollar and elevated Treasury yields weighed on greenback-priced bullion, with the metal's outlook already dampened by an aggressive Federal Reserve stance on inflation.


For the top emerging markets news, double click on (Compiled by Olivia Kumwenda-Mtambo)

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.