NAIROBI, Oct 7 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
– – – – –
* SEYCHELLES – Statistics bureau releases inflation data.
* SOUTH AFRICA – Statistics South Africa releases employment
statistics for the second quarter.
* SOUTH AFRICA – Treasury holds its weekly auction of
inflation linked bonds.
* SOUTH AFRICA – Treasury holds weekly auction for 3-month,
6-month 9-month and 1-year treasury bills.
Sterling recouped some losses after plunging to a
three-decade low in Asian trade on Friday amid growing fears
of a “hard” exit by Britain from the European Union, though
the broader global market impact was limited with stocks
down only slightly.
WORLD OIL PRICES
U.S. oil futures held above $50 per barrel on Friday
as the entire crude forward curve pushed above that level in
a sign that financial markets have increasing confidence in
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SOUTH AFRICA MARKETS
South Africa’s rand weakened on Thursday as bets on
a December U.S. rate rise brought emerging currencies under
pressure, while stocks ended slightly weaker as gold and
platinum mining shares slid on lower precious metal prices.
The benchmark Top-40 index closed down.
SOUTH AFRICA MTN
South Africa’s MTN has raised $1 billion in two
dollar bonds, the telecoms firm said on Thursday, the first
such issue by Africa’s biggest wireless carrier by sales
SOUTH AFRICA POLITICS
South African President Jacob Zuma was questioned for four
hours on Thursday over allegations his wealthy business
friends influenced political appointments, in the final
investigation by an anti-graft chief who has been a thorn in
Nigeria’s parliament asked President Muhammadu Buhari on
Thursday to brief lawmakers on the government’s strategy to
lift the West African nation out of recession, lawmakers
Mauritius’ inflation was 0.9 percent
year-on-year in September, the statistics office said on
The World Bank cut its 2016/2017 growth forecast for Uganda
on Thursday to 5.5 percent from 5.9 percent, citing the
impact of South Sudan’s conflict on its exports and sluggish
investments due to slower economic activity globally.
Tanzania has secured $1.6 billion in loans and grants from
the World Bank which it said it will use to help end chronic
power shortages, rebuild its railways and develop its
Zimbabwe will amend a black empowerment law that aims to
transfer majority shares from foreign-owned firms to locals
after it was blamed for deterring investment, President
Robert Mugabe said on Thursday.
Zambia’s opposition leader Hakainde Hichilema and his deputy
were granted bail on Thursday after being charged with
sedition, a move his team said was an attempt by the ruling
party to silence dissent.
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