WHAT TO WATCH NEXT WEEK
Monday June 27
- African Union summit grinds into action in Equatorial Guinea (to Friday)
- Naspers full year results. Africa’s largest media company, worth $23 billion, is expected to report a 20 percent rise in earnings, seen as a disappointing performance after years of breakneck growth. (0500 GMT)
- South Africa’s powerful COSATU trade union federation holds annual “strategy” meeting. Discussions likely to include Wal-Mart’s takeover of local retailer Massmart, and the ANC Youth League’s push for nationalisation of the mines -a policy that would hurt labour as much as entrenched capital.
- South African power utility Eskom releases full-year results. Expected to update on power supply prospects in Africa’s biggest economy. (1100 GMT)
Thursday June 30
- South Africa May credit and money supply data. Private sector credit extension has been weak suggesting households are still under pressure (1000 GMT)
- South Africa May Producer Price Index. PPI slowed to 6.6 pct y/y in April (0930 GMT)
- South Africa May Trade data. The trade account is expected to show fairly small deficits as exports recover and imports remain sluggish (1200 GMT)
- Zambia June inflation data. Annual inflation quickened to 8.9 percent in May (1230 GMT)
- Kenya, Uganda inflation data for June due from June 29. CPI hit 12.95 percent in Kenya in May, and 16.0 percent in Uganda.
Source: Reuters Africa newsletter
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