African business agenda 15-18 August


Monday August 15

    Nigerian July inflation due from Monday. Inflation reached a more than three-year low of 10.2 percent in June, but the average forecast of analysts polled by Reuters was for a rise to 10.7 percent in July.

    Zimbabwe July inflation data due. It rose to 2.9 percent in June and is expected to climb in the last quarter of the year as the effects of the re-introduction of customs duty on some basic consumer products kick in.

About 220,000 South African municipal workers and workers in the water sector will strike countrywide. Municipal workers turned down a 6 percent salary increase.

    Finance Minister Pravin Gordhan will outline South Africa’s five-year economic outlook at a conference. (0630 GMT)

Tuesday August 16

    Zimbabwean President Robert Mugabe and Prime Minister Morgan Tsvangirai attend Southern African Development Community summit in Angola, where they are expected to report on progress to holding elections.
    Malawi opposition groups behind protests last month have given President Bingu wa Mutharika until August 16 to respond to demands for talks about problems including shortages of fuel and foreign exchange.

Wednesday August 17

    Statistics South Africa releases June retail sales data.  Growth in retail sales was flat in May at 0.0 percent year-on-year at constant prices from an upwardly revised 10.0 percent rise in April.
    Bank of Mauritius auctions a new 5-year Treasury bond. This auction is one of four 5-year bond sales in 2011 worth an aggregate nominal amount of 6.6 billion rupees.

Thursday August 18

    South Africa’s National Union of Mineworkers and Anglo American Platinum, the world’s biggest platinum producer, to resume wage talks. The union seeks a 15 percent increase. The company has offered 6 to 7 percent.



Source: Reuters Africa newsletter

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