South African retail sales probably rose 2.1 percent in June from a year earlier, according to the median estimate of 12 economists surveyed by Bloomberg. Sales were unchanged in May.
Estimates for the data ranged from -0.6 percent to 4 percent. The Pretoria-based Statistics South Africa will publish the figures at 1 p.m.
WHAT TO WATCH: * Government officials brief lawmakers on the liquidation of Aurora Empowerment Systems, a South African mining company, in Cape Town at 9 a.m. * The South African Municipal Workers Union holds a news conference in Johannesburg at 10 a.m. on a strike by council workers. * South Africa’s Reserve Bank to release an invitation at about 11 a.m. in Johannesburg for a weekly government bond auction. * The South African Grain Information Service releases data on weekly deliveries of corn and wheat into storage at about 12 p.m. in Johannesburg. MARKETS: * The rand weakened 0.1 percent to 7.1517 per dollar by 7:10 p.m. yesterday. * The FTSE/JSE Africa All-Share Index fell 0.6 percent to 29,987.27 yesterday. * The yield on the 13.5 percent government bond due September 2015, known to traders as the R157, declined 8 basis point to 6.85 percent late yesterday. EQUITY MOVERS: * Evraz Highveld Steel and Vanadium Ltd. (EHS SJ): The steelmaker is expected to release first-half earnings. * MTN Group Ltd. (MTN SJ): Africa’s largest mobile-phone operator releases first-half earnings at 7 a.m. * Fortress Income Fund Ltd. (FFA SJ): The South African capital fund may release results for the six months through June. * Hospitality Property Fund Ltd. (HPA SJ): The investor in hotels and resorts is expected to give first-half results. * Morvest Business Group Ltd. (MOR SJ): The computer-services company is expected to release results for the year through May.
To contact the editor responsible for this story: Vernon Wessels at email@example.com