The following company announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
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The dollar was on the defensive Thursday after suffering its
worst drubbing in five months while bonds celebrated a
comeback on speculation the Federal Reserve might not
tighten U.S. policy as aggressively as previously
WORLD OIL PRICES
Oil prices eased on Thursday, with U.S. crude dipping away
from two-year highs reached the day before, but the shutdown
of the Keystone pipeline and a drawdown in fuel inventories
continued to bolster markets despite worries over rising
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SOUTH AFRICA MARKETS
South Africa’s rand unexpectedly raced to its firmest since
the dismal October budget on Wednesday as investors hedged
bets it will fall sharply when credit ratings decisions are
announced on Friday.
SOUTH AFRICA ECONOMY
South Africa’s headline consumer inflation slowed to 4.8
percent year-on-year in October, in line with market
expectations, from 5.1 percent in September, data from
Statistics South Africa showed on Wednesday.
SOUTH AFRICA MINING
Lawyers acting for thousands of gold miners who contracted
lung diseases at work in South African mines said on
Wednesday an out-of-court settlement with their employers
could be reached by December.
SOUTH AFRICA COMPANIES
South Africa’s NTP Radioisotopes, one of the world’s leading
producers of Molybdenum-99 used in medical diagnostic
imaging, has been ordered to halt production at its
Pelindaba facility after a suspected hydrogen leak, it said
Zambia’s central bank governor said on Wednesday the delay
in reaching a conclusion for an aid programme with the
International Monetary Fund (IMF) was putting pressure on
the kwacha currency ZMW=.
Zimbabwe’s new leader Emmerson Mnangagwa told a cheering
crowd in Harare on Wednesday that the country was entering a
new stage of democracy following Robert Mugabe’s removal as
president after nearly four decades in power.
Uganda on Wednesday denied its foreign minister had engaged
in corrupt activities with a Hong Kong man who has been
charged with bribery and other violations by U.S.