African markets main factors Dec 12, 2017

Business & Economy
The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Tuesday.
    - - - - -
 GLOBAL MARKETS
 Asian shares took a breather on Tuesday after three straight
 sessions of gains, with markets consolidating in the hope an
 upswing in global growth could outlast a likely hike in U.S.
 borrowing costs this week.                       
 
 WORLD OIL PRICES
 Brent crude oil prices jumped above $65 per barrel for the
 first time since 2015 after the shutdown of the Forties
 North Sea pipeline knocked out significant supply from a
 market that was already tightening due to OPEC-led
 production cuts.                 
 
 EMERGING MARKETS
 For the top emerging markets news, double click on
            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 SOUTH AFRICA MARKETS
 South Africa's rand firmed against the dollar on Monday as
 the greenback retreated, while a recovery of Steinhoff's
 SNHG.DESHFFp.J shares following a week of turmoil at the
 global retailer lifted blue chip stocks.            
 
 SOUTH AFRICA POLITICS
 South Africa's National Prosecuting Authority (NPA) said on
 Monday it had extended the deadline for President Jacob Zuma
 to submit arguments on why he should not be prosecuted for
 corruption to the end of next month.            
 
 SOUTH AFRICA ECONOMY
 South African exchange operator JSE JSEJ.J launched an
 investigation on Monday into whether Steinhoff SNHG.DE,
 SHFFp.J broke disclosure rules, heaping pressure on the
 retailer as it tries to contain an accounting
 scandal.                
 
 KENYA MARKETS
 The Kenyan shilling KES was stable against the dollar on
 Monday, with demand from importers matched by inflows from
 charities and offshore investors buying government debt,
 traders said.            
 
 CONGO MINING
 Junior explorer Sula Iron and Gold SULA.L plans to change
 its name to African Battery Metals, reflecting a shift in
 focus after it bought a controlling stake in a cobalt
 licence in Democratic Republic of Congo (DRC).            
 
 DJIBOUTI ECONOMY      
 Djibouti's economy is expected to expand by 7 percent in
 2018 up from an estimated 6.5 percent this year and
 government spending should also rise slightly in a budget
 focused on healthcare, a senior official said.            
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