WHAT TO WATCH NEXT WEEK
Business agenda of the African continent from 5 until 8 September 2011.
Monday September 5
Aveng full-year results. As with other South African builders, Aveng has been under pressure due to a slowdown in new contracts after the 2010 soccer World Cup. (0500 GMT)
Three day conference in Mogadishu to thrash out, among other things, a roadmap to a new constitution and elections within a year. The first major political conference since the start of a 2007 insurgency reflects the improvement in security in the Somali capital.
Tuesday September 6
Bank of Uganda monetary policy statement. A jump in inflation to an 18-year high of 21.4 percent in August is likely to force the BoU to raise its benchmark interest rate, now at 14 percent, for the second month in a row. (0730 GMT)
Reuters releases September Rand poll. South Africa’s currencies is projected to ease against the dollar over the next 12 months as rising inflation eats into real returns, dampening demand for the currency. (1220 GMT)
Zimbabwe President Robert Mugabe opens parliament. He may outline details of the legislative agenda for the next six months, including on electoral reform and drafting of a new constitution.
Wednesday September 7
South Africa Reserves for August. Foreign exchange reserves rose to $47.87 billion in July.
Thursday September 8
Reuters releases South Africa Econometer survey for August. (0930 GMT)
South Africa Industrial production for July. Growth in factory output slowed slightly to 0.9 percent year-on-year in June. (1100 GMT)
Interim results from Sanlam, South Africa’s second-largest insurer and one of its largest fund managers (0500 GMT)
Source: Reuters Africa newsletter
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