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 editor responsible for this story: Vernon Wessels at firstname.lastname@example.org