South Africa’s annual consumer inflation probably accelerated to 5.2 percent in July from 5 percent the previous month, according to the median estimate of 18 economists surveyed by Bloomberg.
Estimates for the data, which will be released by the Pretoria-based Statistics South Africa at 10 a.m. local time, ranged from 5 percent to 5.3 percent. Prices rose 0.8 percent during the month, according to the median estimate of 16 economists.
WHAT TO WATCH: * Labor unions held talks late yesterday on ending a strike by municipal workers. * Parliament’s mines committee holds a public hearing at 9 a.m. on the mining charter that calls for 26 percent black ownership in the industry. * South Africa’s Reserve Bank will 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. * Government ministers responsible for overseeing the economy respond to questions in parliament in Cape Town at 3 p.m. MARKETS: * The rand strengthened 0.3 percent to 7.1957 per dollar by 6:40 p.m. yesterday. * The FTSE/JSE Africa All-Share Index fell 0.6 percent to 29,259.86 yesterday. * The yield on the 13.5 percent government bond due September 2015, known to traders as the R157, declined 5 basis points to 6.52 percent late yesterday. EQUITY MOVERS: * Ansys Ltd. (ANS SJ): The designer of transport and defense- monitoring systems is expected to hold an annual general meeting. * Cadiz Holdings Ltd. (CDZ SJ): The owner of a stockbroker and money manager holds its annual general meeting in Cape Town at 2:30 p.m. * Harmony Gold Mining Co. (HAR SJ): Africa’s third-biggest gold company hosts a presentation to money managers, analysts and reporters at 3 p.m. in Johannesburg. * Imperial Holdings Ltd. (IPL SJ): South Africa’s largest auto dealer releases full-year earnings.
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