Finance Minister Pravin Gordhan speaks at The South Africa Summit organized by The Economist Group in Johannesburg.
WHAT TO WATCH: * Helen Zille and Patricia de Lille of the Democratic Alliance brief reporters on the opposition party’s running of Cape Town, according to the South African Press Association. * The South African Reserve Bank releases an invitation at about 11 a.m. for weekly inflation-linked government bond auction to be held on April 1. MARKETS: * The rand gained 0.2 against the dollar to 6.84908 on March 25. * The FTSE/JSE Africa All-Share Index fell 0.2 percent at the close on March 25. * The yield on the benchmark government R157 bond was unchanged at 7.76 percent on March 25. EQUITY MOVERS: * Anglo Platinum Ltd. (AMS SJ): Zimbabwe ordered foreign mine operators, which also includes Aquarius Platinum Ltd. (AQP SJ) and Impala Platinum Holdings Ltd. (IMP SJ), to explain within 45 days how they will meet government demands to sell 51 percent of their local assets to “indigenous” people. * Anooraq Resources Corp. (ARQ CN): The precious-metals producer had its rating cut to “sector perform” from “outperform” by Leon Esterhuizen, an analyst at Royal Bank of Canada. * ArcelorMittal South Africa Ltd. (ACL SJ): The steelmaker said it plans to proceed with the acquisition of Imperial Crown Trading 289 Ltd., which was awarded the right to a portion of Kumba Iron Ore Ltd.’s Sishen mine, denying a report by the Johannesburg-based Sunday Times that it was considering pulling out of the deal. * FirstRand Bank Ltd. (FSR SJ): The South African bank signed $150 million of syndicated loans with companies including China Construction Bank Corp. and Bank of Taiwan in Taipei, the Economic Daily News reported, without saying where it got the information. * Pallinghurst Resources Ltd. (PGL SJ): The commodities investment company will report its annual earnings.
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