NAIROBI, Nov 9 (Reuters) – The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
– – – – –
* SOUTH AFRICA – South African Reserve Bank releases its
latest monetary policy review, followed by a financial
* SOUTH AFRICA – South African Chamber of Commerce and
Industry (SACCI) releases business confidence index.
The U.S. dollar sank and stock markets slammed into reverse
in wild trade on Wednesday as investors faced the real
possibility of a shock win by Republican Donald Trump that
could upend the global political order.
WORLD OIL PRICES
Oil prices tumbled on Wednesday as vote counting
showed Republican Donald Trump doing better than expected in
several crucial battleground states in the U.S. presidential
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SOUTH AFRICA MARKETS
South African stocks and rand currency
were firmer on Tuesday, amid cautious optimism that Hillary
Clinton would win the U.S. election.
SOUTH AFRICA RATINGS
Ratings agencies are due to visit South Africa next week
ahead of reviews to its credit rating, Finance Minister
Pravin Gordhan said on Tuesday, as he received a leadership
SOUTH AFRICA TRANSNET
South Africa’s Transnet plans to spend about 20
billion rand ($1.50 billion) on mergers and acquisitions in
South Africa and the rest of Africa as it embarks on a major
expansion drive outside its home base, the state
rail-freight operator said.
NIGERIA OIL Nigeria has reached an “outline settlement” worth $5 billion with five oil majors to cover outstanding payments for joint exploration and production, the Financial Times said on Tuesday.
IVORY COAST CONSTITUTION
President Alassane Ouattara signed a new constitution into
law on Tuesday, casting it as the way to a peaceful future
for Ivory Coast, which has emerged as one of Africa’s rising
economic stars after years of violent upheaval.
IVORY COAST COCOA
Ivory Coast’s cocoa marketing board, the Coffee and Cocoa
Council (CCC), is holding off on further forward sales of
the 2017/18 harvest in the world’s top grower amid a slide
in world prices, CCC and finance ministry sources said on
A group of Mozambique bond holders formed a creditors
committee on Tuesday before an expected default, but they
warned they would not begin restructuring talks with the
government until it provided better information about its
Zambia has started exporting 100,000 tonnes of white maize
to Malawi under an arrangement between the two countries and
may lift a ban on private-sector exports in January next
year, a senior government official said on Tuesday.
Ethiopia has lifted travel restrictions imposed on diplomats
under emergency rule, saying calm has been restored after
months of violent protests.
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