March 23 (Bloomberg) -- South Africa’s annual inflation rate was unchanged at 3.7 percent in February from the month before, according to the median estimate of 22 economists surveyed by Bloomberg News.
Estimates for the data, which will be released by Pretoria-based Statistics South Africa at 10 a.m. South African time, ranged from 3.5 percent to 3.9 percent. Prices rose 0.7 percent in the month, according to the median estimate of 20 economists.
WHAT TO WATCH: * The South African Reserve Bank publishes its leading economic indicator, which signals trends six to 12 months ahead, at 9 a.m. local time. * Officials from the Petroleum Agency of South Africa brief lawmakers on shale gas exploration. * South African Deputy President Kgalema Motlanthe answers questions in Parliament. * The Reserve Bank releases invitations at about 11 a.m. for its weekly government bond auction that will be held on March 29. * South African Grain Information Services releases weekly exports and imports of corn and wheat at 12 p.m. in Johannesburg. MARKETS: * The rand weakened 0.2 percent against the dollar to 6.9108 as of 7:54 a.m. Johannesburg time. * The FTSE/JSE Africa All-Share Index gained 0.6 percent to close at 30,868.31 yesterday. * The yield on the benchmark government R157 bond decreased 2 basis points to 7.79 percent late yesterday. * Gold for immediate delivery gained was little changed at $1,427.66 an ounce as of 7:56 a.m. Johannesburg time. Platinum fell 0.2 percent to $1,735.68 an ounce. * The Dow Jones Industrial Average fell 0.2 percent to 12,018.63. * The Stoxx Europe 600 Index fell 0.2 percent to 271.8. EQUITY MOVERS: * Jasco Electronics Holdings Ltd. (JSC SJ): The telecommunications company publishes earnings for the first half through December. * Wesizwe Platinum Ltd. (WEZ SJ): The explorer of the metal said it expects to report earnings per share of between 39 cents and 42 cents for the year ended December, compared with a loss per share of 6.65 cents during the year earlier. * William Tell Holdings Ltd. (WTL): The manufacturer of chipboard and wood-based panels said it received a 6 million rand grant ($868,306) from South Africa’s Department of Trade and Industry for a new production plant near Johannesburg.
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