WHAT TO WATCH NEXT WEEK
Monday August 22
- Mauritius due to release trade data for June. Deficit widened 24 percent year-on-year in May to 6.9 billion rupees, due mainly to higher costs of fuel.
Tuesday August 23
- South Africa’s Shoprite reports full-year results. Shoprite has one of the biggest footprints of any retailer in Africa. Watching how it plans to take on Wal-Mart since the world’s biggest retailer took control of Massmart.
- South Africa Reserve Bank publishes leading indicator for June. The composite leading business cycle indicator decreased by 1.6 percent in June compared with April, the third month of declines. (0700 GMT)
Wednesday August 24
- South African July CPI. Inflation rose to 5.0 percent year-on-year in June mainly on food, transport and administered prices. (0800 GMT)
- Namibia central bank rate decision. The bank left the benchmark rate unchanged at 6.0 percent in June saying it wanted to give the economy some breathing space.
- Ghana statistics office due to release producer price inflation for July. It dipped to 12.15 percent in June from 23.8 percent in May.
- Central Bank of Kenya auctions reopened five-year and 30-year bonds worth up to 10 billion shillings ($110 million)
- Zambian finance ministry briefing expected to give revised 2011 GDP growth and inflation forecasts.
Thursday August 25
- South Africa’s Massmart reports full year results – first since Wal-Mart took a controlling stake. May update on wrangling with the government.
- Zambian August inflation due. It was 9.0 percent in July, unchanged from June.
Source: Reuters Africa newsletter
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