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(AFX UK Focus) 2009-11-09 06:21
South African Markets - Factors to watch on Nov 9
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JOHANNESBURG, Nov 9 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.

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GLOBAL MARKETS


Asian stocks and currencies rose on Monday as investors bet that a surge in the U.S. unemployment rate to a 26-1/2-year high would force policymakers to keep many stimulus measures in place until an economic recovery was on more solid footing.

ZIMBABWE


Zimbabwean Prime Minister Morgan Tsvangirai's ally Roy Bennett goes on trial accused of terrorism on Monday in a case that has stoked tensions in the unity government of Tsvangirai and President Robert Mugabe's ZANU-PF.

SOUTH AFRICAN MARKETS


South Africa's rand advanced to a one-week high against a wobbly dollar on Friday and as gold traded near record highs, which also boosted local stocks.
The Johannesburg Top-40 index gained 0.17 percent to 23,336.95 points, while the broader All Share index added 0.14 percent to 25,933.45 points.

RAUBEX


South African road construction group Raubex Group Ltd on Monday reported a 10.2 percent rise in first-half headline earnings per share and said it expects a strong performance in the second half.

LEWIS


South African furniture retailer Lewis Group Limited posted a drop of nearly 4 percent in first-half profit as the recession in Africa's biggest economy hit consumer spending.


VODACOM>
South African wireless phones carrier Vodacom releases its first half results on Monday. It has forecast a drop of between 10-20 percent.

GOLD


Gold powered to another record high on Monday on safe-haven buying as the U.S. dollar slipped and after a weaker-than-expected U.S. unemployment rate revived worries about the health of the global economy.

WALL STREET


U.S. stocks rose 3 percent for the week after ending Friday's session slightly higher, shrugging off government data showing the unemployment rate hit 10.2 percent -- the highest in 26-1/2 years.

EMERGING MARKETS


For the top emerging markets news, double click on

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Some of the main stories out of the South African press:

BUSINESS DAY

  • Health Department springs dispensing levy surprise
  • Moderate results expected from Sappi
  • Seardel urges state aid for textile sector

    BUSINESS REPORT

  • Wasteful spending gets attention
  • Speculation mounts over Eskom's Jacob Maroga's probable successor
  • GDP calculations to include bootleggers, drug dealers

    THE STAR

  • Country is asleep, Kasrils says of spy-tape report

    (Reporting by Tiisetso Motsoeneng) (For more Reuters Africa coverage and to have your say on the top issues, visit: http://af.reuters.com) Keywords: MARKETS SAFRICA FACTORS/ (tiisetso.motsoeneng@thomsonreuters.com; +27 11 775 3122 Reuters Messaging: tiisetso.motsoeneng.reuters.com@reuters.net)

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    Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

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