South Africa will host a meeting of the African Union’s committee on Libya to discuss developments in the North African country, according to the presidency.
The AU hasn’t recognized the National Transitional Council as the governing authority in Libya even though a number of countries have broken ranks and accepted the NTC as the government.
WHAT TO WATCH: * Parliament’s minerals committee holds a public hearing on the government’s policy on mineral-processing from 9 a.m. in Cape Town. * The National Union of Mineworkers and Exxaro Resources Ltd. holds pay-dispute hearings at the Commission for Conciliation Mediation and Arbitration at 10 a.m. * The Reserve Bank releases an invitation at about 11 a.m. in Johannesburg for its weekly government bond auction. * The South African Grain Information Service releases weekly deliveries of corn and wheat at 12 p.m. in Johannesburg. CONFERENCES: * Agrimark Trends hosts conference on South African outlook for agriculture in Johannesburg. * Department of Energy holds conference on renewable energy. Speakers include Energy Minister Dipuo Peters. MARKETS: * The rand strengthened 1.6 percent to 7.3417 per dollar at 5:30 p.m. yesterday in Johannesburg. * The FTSE/JSE Africa All-Share Index rose 0.6 percent to 30,032.71 yesterday. * The yield on the 13.5 percent government bond due September 2015, known to traders as the R157, climbed 15 basis points to 6.84 percent late yesterday. EQUITY MOVERS: * Datatec Ltd. (DTC SJ): The Johannesburg-based computer services company plans to hold a shareholders meeting at 2:30 p.m. in Johannesburg. * Grand Parade Investments Ltd. (GPL SJ): The casino operator holds a special general meeting. * MMI Holdings Ltd. (MMI SJ): The insurance company created last year from the merger of Metropolitan Group Ltd. and Momentum Group Ltd. is expected to release full-year earnings at 7 a.m. * Nedbank Group Ltd. (NED SJ): South Africa’s fourth-largest commercial bank holds an investment roadshow for fund managers and analysts at 9 a.m. * RMB Holdings Ltd. (RMH SJ): The South African financial- services holding company releases full-year results. Basic earnings per share for the 12 months to June 30 are expected to be between 870 cents and 930 cents, the company said on Sept. 9. * Sasfin Holdings Ltd. (SFN SJ): The financial-services company may release its full-year earnings. * Ubulele Holdings Ltd. (UBU SJ): The food-processing company is expected to give its earnings for the year through June. It said Sept. 9 earnings per share excluding extraordinary items will be as much as 89 percent lower than a year earlier.