1. The rand and government bonds are expected to firm this morning after Moody's decision not to downgrade SA to junk - and it also upgraded the country's outlook from 'negative' to 'stable'. This decision could enable the SA Reserve Bank to cut interest rates on Thursday.
2. Government may consider partially privatising struggling state-owned companies, the head of the National Treasury told Reuters. This could, for example, include selling 49% of SAA or splitting up the generation, transmission and distribution sections of Eskom, said Dondo Mogajane.
3. Naspers is considering listing some of its businesses separately on the stock market. Currently the value of Naspers’ Tencent investment, about $159bn, dwarfs the SA company’s market value of $121bn. That means investors see no value in Naspers’ other businesses.
4. Amid growing uncertainty about the National Minimum Wage, which is supposed to be launched on April 1st, the Minister of Labour Mildred Oliphant is expected to provide an update this morning.
5. Wall Street continued to bleed on Friday - it has now lost more than 1 100 points in the two trading days since President Donald Trump slapped import tariffs on Chinese goods.
Here are 15 reactions to Australia's ball tampering at the weekend:
The only way things can get worse for Steve Smith and Australian is if we find out that they’ve been having baths while staying in Cape Town.— David Moseley (@david_moseley) March 24, 2018