South African Daybook: African Union on Libya, Minerals, Datatec, Nedbank
The AU hasn’t recognized the National Transitional Council as the governing authority in Libya even though a number of countries have broken ranks and accepted the NTC as the government.
WHAT TO WATCH: * Parliament’s minerals committee holds a public hearing on the government’s policy on mineral-processing from 9 a.m. in Cape Town. * The National Union of Mineworkers and Exxaro Resources Ltd. holds pay-dispute hearings at the Commission for Conciliation Mediation and Arbitration at 10 a.m. * The Reserve Bank releases an invitation at about 11 a.m. in Johannesburg for its weekly government bond auction. * The South African Grain Information Service releases weekly deliveries of corn and wheat at 12 p.m. in Johannesburg. CONFERENCES: * Agrimark Trends hosts conference on South African outlook for agriculture in Johannesburg. * Department of Energy holds conference on renewable energy. Speakers include Energy Minister Dipuo Peters. MARKETS: * The rand strengthened 1.6 percent to 7.3417 per dollar at 5:30 p.m. yesterday in Johannesburg. * The FTSE/JSE Africa All-Share Index rose 0.6 percent to 30,032.71 yesterday. * The yield on the 13.5 percent government bond due September 2015, known to traders as the R157, climbed 15 basis points to 6.84 percent late yesterday. EQUITY MOVERS: * Datatec Ltd. (DTC SJ): The Johannesburg-based computer services company plans to hold a shareholders meeting at 2:30 p.m. in Johannesburg. * Grand Parade Investments Ltd. (GPL SJ): The casino operator holds a special general meeting. * MMI Holdings Ltd. (MMI SJ): The insurance company created last year from the merger of Metropolitan Group Ltd. and Momentum Group Ltd. is expected to release full-year earnings at 7 a.m. * Nedbank Group Ltd. (NED SJ): South Africa’s fourth-largest commercial bank holds an investment roadshow for fund managers and analysts at 9 a.m. * RMB Holdings Ltd. (RMH SJ): The South African financial- services holding company releases full-year results. Basic earnings per share for the 12 months to June 30 are expected to be between 870 cents and 930 cents, the company said on Sept. 9. * Sasfin Holdings Ltd. (SFN SJ): The financial-services company may release its full-year earnings. * Ubulele Holdings Ltd. (UBU SJ): The food-processing company is expected to give its earnings for the year through June. It said Sept. 9 earnings per share excluding extraordinary items will be as much as 89 percent lower than a year earlier.
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