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SOUTH AFRICA DAYBOOK: Zuma, Telkom Hearings, Grain Stockpiles

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Oct. 21 (Bloomberg) -- South African President Jacob Zuma meets with President Teodoro Obiang Nguema Mbasago of Equatorial Guinea, who is on a state visit to the country.

The two leaders will meet in the capital, Pretoria, from 9 a.m. local time.

     WHAT TO WATCH:
* The Competition Appeal court hears a review and appeal
application lodged by three government ministries against Wal-
Mart Stores Inc.’s takeover of Massmart Holdings Ltd. in Cape
Town.
* The Competition Tribunal will hold hearings in Pretoria from
10 a.m. on allegations Telkom South Africa Ltd. abused its
market position by charging excessive broadband prices.
* The Reserve Bank is offering 800 million rand ($99 million)
of inflation-linked debt, according to central-bank data on
Bloomberg. The auction is at 11 a.m. in Pretoria, with the
results announced about 30 minutes later.
* The South African Grain Information Service will publish
monthly stockpile figures at 12 p.m.
* South Africa’s Minister of International Relations and
Cooperation Maite Nkoana-Mashabane will hold a press conference
on climate change in Stellenbosch, near Cape Town, at 2 p.m.
* Elias Masilela, chief executive officer of the Public
Investment Corp., discusses black economic empowerment policies
at a mining event in Johannesburg.

     MARKETS:
* The rand weakened 3 percent to 8.2485 per dollar at 6:02
p.m. yesterday in Johannesburg.
* The FTSE/JSE Africa All-Share Index fell 1.2 percent to
30,836.89 yesterday.
* The yield on the 13.5 percent government bond due September
2015, known to traders as the R157, increased 1 basis
point, or 0.01 percentage point, to 6.74 percent late
yesterday.

     EQUITY MOVERS AND COMPANY NEWS:
* Afgri Ltd. (AFR SJ): The handler of about a third of South
Africa’s grain holds its annual general meeting in Pretoria at
10 a.m.
* Cadiz Holdings Ltd. (CDZ SJ): The owner of a stockbroker and
money manager holds a general meeting of shareholders in Cape
Town at 3 p.m. to vote on the proposed disposal of a 60 percent
stake in its securities and stock-broking divisions to BNP
Paribas SA.
* Infrasors Ltd. (IRA SJ): The brick and sand producer holds its
annual general meeting in Johannesburg at 11 a.m.
* Oasis Crescent Property Fund (OAS SJ): The exchange-traded
property fund said net income rose 2.8 percent to 19 million
rand in the six months to Sept. 30.

To contact the reporters on this story: Nasreen Seria in Johannesburg at nseria@bloomberg.net; Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

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

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