5 things you need to know before trading opens today

Here is what’s happening in the markets today:

  • South Africans should expect another rate hike in March, economists say. This after the country’s inflation rate breached the Reserve Bank’s maximum target of 6%, hitting 6.3% in January. Inflation is bad news for consumers and retailers, and may prompt another 25 basis point hike by SARB next month.

In other news: Gupta-owned mine group Tegeta Exploration and Resources has acquired the rights to export 8 million metric tons of coal. The group recently completed its R2.2 billion purchase of Optimum coal mines, and holds at least 3 lucrative contracts to supply coal to Eskom power plants.

Must Read

Partner Content

Show comments

Trending Now

Follow Us

5 things you need to know before trading opens today