NAIROBI, Nov 11 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
– – – – –
* 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.
Asian shares stumbled on Friday and emerging market
currencies skidded as investors feared higher interest rates
under incoming President Donald Trump will spark capital
outflows from the region.
WORLD OIL PRICES
Oil prices fell in early trading on Friday, as the
market refocused on a persistent fuel supply overhang that
is not expected to abate unless OPEC and other producers
make a significant cut to their output.
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SOUTH AFRICA MARKETS
South Africa’s rand slid more than 4 percent
against the dollar on Thursday, hitting three-week lows as
investors concluded a December Federal Reserve interest rate
hike remained on the cards following Donald Trump’s election
as U.S. president. Stocks rose .
SOUTH AFRICA PRESIDENT
South African President Jacob Zuma survived a no-confidence
vote on Thursday, after the anti-graft watchdog called in a
report for a judicial inquiry into allegations of
influence-peddling in the government.
Ghana accepted 438 million cedis ($110 million) worth of
bids for its first 10-year domestic bond issued on Thursday
and the major commodities exporter will pay a fixed yield of
19.0 percent, according to lead arrangers.
Nigeria’s is working out new oil and gas policies to attract
more private investors and boost crude production by 500,000
barrels a day by 2020, state firm NNPC said on Thursday.
NIGERIA FOREX Nigerian security agents raided the offices of black market currency dealers on Thursday, detaining some and ordering others to sell dollars at a lower rate in a bid to break the fall of the currency, dealers said.
NIGERIA SLUMS Some 30,000 residents of the Nigerian megacity Lagos have become homeless because of state-ordered demolitions and riots among slum dwellers competing for jobs and space, residents and a rights group said on Thursday
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