South Africa’s Chamber of Commerce & Industry releases business confidence data for October at 11:30 a.m. local time.
The business confidence index fell to a 16-month low of 98.4 in September from 98.6 the month earlier
WHAT TO WATCH: * The U.K.’s Prince of Wales, Charles, and the Duchess of Cornwall, Camilla, are in the country for a trip to South Africa and Tanzania which runs until Nov. 9. * Trevor Manuel, South Africa’s planning minister, speaks at a consumer rights conference in Midrand at 9:30 a.m. * Statistics South Africa releases monthly electricity production and consumption figures for September at 1 p.m. * Trade and Industry Minister Rob Davies speaks on free trade in Africa at a Centre for Conflict Resolution discussion in Cape Town at 5:30 p.m. * Total SA hold an event at 7:30 p.m. in Johannesburg to mark the completion of its black ownership program in South Africa. Dipuo Peters, the country’s energy minister, will attend the event. CONFERENCES: * The Africa Upstream Oil Conference takes place in Cape Town from 8 a.m. MARKETS: * The rand gained 0.9 percent to 8.9843 per dollar at 6:32 p.m. yesterday in Johannesburg. * The FTSE/JSE Africa All-Share Index rose 1.5 percent to 32,196.56 yesterday. * The yield on the 13.5 percent government bond due September 2015, known to traders as the R157, fell 5 basis points to 6.58 percent late yesterday. EQUITY MOVERS AND COMPANY NEWS: * ArcelorMittal South Africa Ltd. (ACL SJ): Africa’s biggest steelmaker reports third-quarter results. * Aveng Ltd. (AEG SJ): The civil engineering company holds its annual general meeting in Johannesburg at 10 a.m. * Awethu Breweries Ltd. (AWT SJ): The maker of sorghum beer reported net income of 1.4 million rand in the year through September, compared with a loss of 3.1 million rand the year before, and said it had entered into talks that may affect its share price. * Old Mutual Plc (OML SJ): Africa’s biggest life insurer reports on third-quarter results. * Sekunjalo Investments Ltd. (SKJ SJ): The investment holding company with interests in health care and financial services reports results for the year ended Aug. 31. Earnings per share were between 5.22 cents and 5.54 cents, the company said in an Oct. 28 trading statement. * The Foschini Group Ltd. (TFG SJ): The clothing retailer reports results for the six months through September. Earnings per share will be as much as 26 percent higher than in the year- earlier period, the company said in an Oct. 19 trading statement.
To contact the editor responsible for this story: Antony Sguazzin at email@example.com