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SOUTH AFRICA DAYBOOK: Inflation-Linked Bonds and Corn Stocks

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Sept. 23 (Bloomberg) -- The South African Reserve Bank plans to sell 600 million rand ($72 million) of inflation-linked bonds, known as linkers, maturing in 2022, 2028 and 2033.

The auction is at 11 a.m. in Pretoria, with the results announced about 30 minutes later.

The bank will also sell 6.845 billion rand of Treasury bills ranging in maturity from 91 days to 364 days.

     WHAT TO WATCH:
* The South African Grain Information Service, an industry body,
will announce national stockpile levels of crops including corn,
soybeans and sunflower seeds.

      MARKETS:
* The rand weakened 4.9 percent to 8.2960 per dollar at 6:10
p.m. yesterday in Johannesburg.
* The FTSE/JSE Africa All-Share Index fell 3.2 percent to
30,323.04 yesterday.
* The yield on the 13.5 percent government bond due September
2015, known to traders as the R157, dropped 15 basis points to
7.00 percent late yesterday.

     EQUITY MOVERS
* Amalgamated Appliance Holdings Ltd. (AMA SJ): The
distributor of brands including Hoover and Pioneer appointed
David Cleasby as non-executive chairman, replacing Leon Campher.
Colin Scott was appointed lead independent non-executive
director.
* BSI Steel Ltd. (BSS SJ): The steel trader and processor
holds its annual general meeting.
* Nu-World Holdings Ltd. (NWL SJ): The South African
manufacturer and distributor of domestic electric appliances
said earnings per share for the year to Aug. 31 fell as much as
75 percent compared with a year earlier.
* Santova Logistics Ltd. (SNV SJ): The clearing agent for
importers and exporters holds a general meeting.

To contact the reporter on this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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