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SOUTH AFRICA DAYBOOK: Bank Rate Unchanged, Strike, SABMiller

South Africa’s central bank will keep its benchmark rate unchanged at a 30-year low of 5.5 percent, according to all 24 economists surveyed by Bloomberg.

Reserve Bank Governor Gill Marcus will announce the decision from about 3 p.m. in Pretoria.

* South African coal miners may call a strike over pay after
labor unions declared a dispute with the Chamber of Mines, which
represents Anglo American Plc, Xstrata Plc and BHP Billiton Ltd.
* Oil and chemical industry workers will continue a strike that
started on July 11 to demand an increase in pay.
* Parliament’s economic development committee holds a hearing
from 9 a.m. on Wal-Mart Stores Inc.’s purchase of a controlling
stake in Massmart Holdings Ltd.
* South Africa’s Reserve Bank is scheduled to release an
invitation for a weekly government Treasury-bill auction that
will be held tomorrow.

* African Mining Congress takes place in Johannesburg with
speakers including Phillip Barton, the chief executive officer
of De Beers South Africa.

* The rand strengthened 0.9 percent to 6.8770 per dollar at 6:10
p.m. yesterday in Johannesburg.
* The FTSE/JSE Africa All-Share Index declined 0.01 percent to
32,056.06 yesterday.
* The yield on the 13.5 percent government bond due September
2015, known to traders as the R157, fell 9 basis points
to 7.42 percent late yesterday.

* Afgri Ltd. (AFR SJ): The handler of about a third of South
Africa’s grain said earnings per share for the year to June 30
will be between 35 percent and 45 percent lower, while profit,
excluding one-time items, will decline by as much as 40 percent.
* IFCA Technologies Ltd. (IFC SJ): The investment company
with interests in software solutions and services holds its
annual general meeting.
* IQuad Group Ltd. (IQG SJ): The financial-services company
holds its annual general meeting.
* Hulamin Ltd. (HLM SJ): Africa’s largest aluminum processor
holds its annual general meeting at 3 p.m.
* Kumba Iron Ore Ltd. (KIO SJ): The unit of Anglo American Plc
is expected to publish its first-half earnings at 8 a.m. The
company said on July 7 that profit rose as much as 42 percent
from a year earlier.
* SABMiller (SAB SJ): The world’s second-biggest brewer hold its
annual general meeting in London.
* Vodacom Group Ltd. (VOD SJ): The largest provider of mobile-
phone services to South Africans gives an update on its
performance for the first quarter at 7 a.m.

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