South African Markets - Factors to watch on Aug 22

South African Markets - Factors to watch on Aug 22

Aug 22 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Monday.

ECONOMIC EVENTS

Data on foreigners' buying and selling of South African bonds and stocks during the previous week

COMPANIES

Telkom SA SOC Says Talks With MTN Are Still In Progress

SOUTH AFRICAN MARKETS

The South African rand weakened further on Friday, dragged down by a stronger dollar as Federal Reserve officials continued to talk up the need for further interest rate hikes.

On the Johannesburg Stock Exchange, the All-Share index .JALSH ended down 1.82%, while the Top-40 index .JTOPI closed 1.89% lower.

GLOBAL MARKETS

Asian shares slipped on Monday and the dollar extended its climb amid angst over global growth as most central banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market.

WALL STREET

U.S. stocks fell on Friday in a broad selloff led by megacaps as U.S. bond yields rose, with the S&P 500 posting losses for the week after four straight weeks of gains.

GOLD

Gold prices fell to their lowest in more than three weeks on Monday, weighed down by a stronger dollar and expectations of more rate hikes from the U.S. Federal Reserve to tame surging inflation.

EMERGING MARKETS

For the top emerging markets news, double click on

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

BUSINESS DAY

- Health Squared medical scheme seeks voluntary liquidation

FIN 24

- Ramaphosa contradicts Zondo Commission's finding that cadre deployment is 'unlawful, unconstitutional' (Compiled by Bhargav Acharya)