SOUTH AFRICA DAYBOOK: Trade, Budget Deficit, Phumelela Gaming
South Africa’s trade deficit probably narrowed to 1.7 billion rand ($215 million) in August from 3.9 billion rand in the previous month, according to the median estimate of eight economists surveyed by Bloomberg.
The South African Revenue Service is due to publish the data at 2 p.m. local time on its website.
WHAT TO WATCH: * The government probably posted a budget deficit of 5.2 billion rand in August, according to the median estimate of five economists surveyed by Bloomberg. The National Treasury is scheduled to publish the data at 2 p.m. on its website. * The South African Reserve Bank plans to sell 600 million rand of inflation-linked bonds, known as linkers, maturing in 2022, 2028 and 2033. MARKETS: * The rand weakened 1.2 percent to 7.9054 per dollar at 5:43 p.m. yesterday in Johannesburg. * The FTSE/JSE Africa All-Share Index fell 2.1 percent to 29,688.89 yesterday. * The yield on the 13.5 percent government bond due September 2015, known to traders as the R157, rose 3 basis points to 6.9 percent late yesterday. EQUITY MOVERS * Accentuate Ltd. (ACE SJ): The cleaning and maintenance company will report earnings for the year to June 30. * Andulela Investment Holdings Ltd. (AND SJ): The investment group reports results for the six months to June. * Bauba Platinum Ltd. (BAU SJ): The explorer of platinum group metals is scheduled to publish results for the year through June. * Cape Empowerment Ltd. (CAP SJ): The investment holding company will release results for the six months to June 30. * Excellerate Holdings Ltd. (EXL SJ): The provider of cleaning and parking services reports results for the year to June 30. * Kaydav Group Ltd. (KDV SJ): The wood-board distributor and wholesaler reports results for the year to June 30. * Jubilee Platinum Plc (JBL SJ): The platinum miner releases earnings for the 12 months to June 30. * O-Line Holdings Ltd. (OLI SJ): The manufacturer of cable ladders, anchors and mechanical supports will report earnings for the year to June 30. * Phumelela Gaming and Leisure Ltd. (PHM SJ): The organizer of horse races and betting publishes annual earnings for the year through July. * Sallies Ltd. (SAL SJ): The fluorspar producer reports earnings for the 12 months through June. * Southern Electricity Company Ltd. (SLO SJ): The company that manages and maintains electricity networks in southern Namibia reports results for the year through June. * Sovereign Food Investments Ltd. (SOV SJ): The poultry producer releases results for the six months to Aug. 31. * Vunani Property Investment Fund Ltd. (VPF SJ): The property investment company is scheduled to report earnings for the six months through June.
To contact the reporter on this story: Nasreen Seria in Johannesburg at firstname.lastname@example.org
To contact the editor responsible for this story: Andrew J. Barden at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.