SOUTH AFRICA DAYBOOK: Foreign Reserves, Vodacom, Cadiz, Colliers

South Africa’s gross reserves probably rose to $50.1 billion in October from $49.7 billion a month earlier, according to the median estimate of eight economists surveyed by Bloomberg.

Net reserves may rise to $48.4 billion, the survey showed. South Africa’s central bank releases the data at 8 a.m. in Pretoria.

     WHAT TO WATCH:
* The South African Reserve Bank releases invitation for weekly
inflation-linked government bond auction to be held on Nov. 11
at about 11 a.m.
* Development Bank of Southern Africa releases a report on
“Prospects of South Africa’s Future” at 11 a.m.

     CONFERENCES:
* Hedge Fund World Africa conference takes place in Cape Town.

     MARKETS:
* The rand weakened 0.5 percent to 7.9047 per dollar on Nov. 4.
* The FTSE/JSE Africa All-Share Index fell 0.9 percent to close
at 31,917.02 on Nov. 4.
* The yield on the 13.5 percent government bond due 2015, known
to traders as the R157, dropped 6 basis point to 6.45 percent on
Nov. 4.

     COMPANY NEWS AND EQUITY MOVERS
* Cadiz Holdings Ltd. (CDZ SJ): The owner of a stock broker
and money manager publishes earnings for the first-half through
September. The company said on Nov. 3 that it expects earnings
to be as high as 1 cent a share.
* Colliers South Africa Holdings Ltd. (COL SJ): The property
and personnel management company said its loss narrowed to 704
million rand in the six months through August, from
2.6 billion rand a year earlier.
* Invicta Holdings Ltd. (IVT SJ): The seller of ball bearings
and engineering equipment reports first-half earnings through
September.
* Raubex Group Ltd. (RBX SJ): The South African road-builder
releases first-half earnings for the period through August.
* Vividend Income Fund Ltd. (VIF SJ): The commercial, retail
and industrial property investor reported earnings of 3.2
million rand in the year through August, the company’s first
reporting period since listing on the Johannesburg Stock
Exchange in November 2010.
* Vodacom Group Ltd. (VOD SJ): The largest provider of
mobile-phone services to South Africans publishes earnings for
the six months through September.

To contact the reporters on this story: Gordon Bell in Johannesburg at gbell16@bloomberg.net; Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net

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