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Zambia aims to finish eurobond restructuring by month-end

16h48 Zambia aims to finish restructuring its $3 billion of international bonds by the end of the month, a senior official said on Friday, after reaching a preliminary deal in March that brought it closer to ending its long-delayed debt rework. Full story

Asian currencies set for weekly fall; stocks firm on US rate cut bets

10h00 Most Asian currencies were heading for weekly declines on Friday, although largely unchanged on the day, while stocks rose on optimism about U.S. rate cuts stirred by fresh signs of a cooling labour market. Regional forex markets lost the ground they gained last week when the dollar weakened fro Full story

South African rand firms as dollar slips on claims data

09/05 South Africa's rand strengthened on Thursday as the dollar weakened after recent U.S. economic data signalled a softening U.S. labour market. Full story

Asian FX muted on firm dollar, stocks fall; Malaysia holds rate

09/05 Asian currencies were largely muted on a firmer dollar and most regional stocks slipped as investors cautiously awaited U.S. inflation data for clues to the Federal Reserve's rate outlook, while Malaysia's central bank held rates steady as expected. The South Korean won fell 0.6%, and the Taiwa Full story

Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey

09/05 The platinum market faces its largest supply shortfall in 10 years in 2024 as shipments from Russia return to normal from last year's highs and industrial demand stays firm, Johnson Matthey said in a report on Thursday. The autocatalyst maker added that it expected all platinum group metals (PGM Full story

South African rand slips as risk sentiment sours

08/05 South Africa's rand weakened against the dollar early on Wednesday, pulled down by souring risk sentiment. Full story

South African rand gains, awaits US jobs data

07/05 South Africa's rand was stronger on Tuesday with volatility likely to pick up on U.S. employment data later this week, analysts said. Full story

Amazon launches online shopping service in South Africa

07/05 Amazon launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers' Takealot.com. Full story

Shell to exit South Africa's downstream businesses

06/05 Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday. Full story

European shares end higher on tech support; banks slide

03/05 European shares notched its biggest one-day gain since a week ago on Friday, driven by gains in the technology sector, while banks dropped to over a week's low, weighed down by Societe Generale following a dismal forecast. Full story

Cyclicals are lagging, but maybe not for long

03/05 Full story

African Markets - Factors to watch on May 3

03/05 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - GLOBAL MARKETS Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lif Full story

ExxonMobil pushing forward with Mozambique LNG project, official says

02/05 ExxonMobil is "optimistic and pushing forward" with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday. Full story

South African rand strengthens as Fed keeps rates on hold

02/05 The South African rand strengthened on Thursday after the U.S. Federal Reserve held interest rates steady as expected and reiterated inflationary concerns. Full story

Kenya's inflation falls for third month in April

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South Africa's Harmony raises gold output forecast

30/04 South Africa's Harmony Gold on Tuesday raised its gold output forecast for the year to June 2024 by nearly 5% due mainly to higher metal grades, which will also boost earnings per ton of ore processed and cut costs per ounce produced. Full story

Kenyan president confident of receiving fresh IMF disbursement

30/04 Kenya expects a green light for a $1 billion disbursement from the International Monetary Fund (IMF) next month, President William Ruto said, which would boost an economy showing improvement after averting a debt crisis earlier this year. Full story

South Africa sells 1 bln rand of inflation-linked bonds at auction

12h13 South Africa's government sold a total of one billion rand ($54 million) of its 2033 and 2046 inflation-linked bonds at auction, central bank data showed on Friday. Full story

South African rand little changed in early trade

08h47 South Africa's rand was little changed in early trade on Friday, after gaining some ground the day before against a weaker U.S. dollar. Full story

AFRICA-FX- Kenya's currency forecast to gain, Nigerian naira to ease

09/05 Kenya's currency is expected to strengthen against the dollar in the coming week to Thursday, while the Nigerian naira, Ghana's cedi and Zambia's kwacha are seen easing and Uganda's stable, traders said. Full story

South African social safety net at crossroads as ANC support wanes

09/05 South Africa's African National Congress (ANC), fighting to extend its 30-year grip on power in elections this month, would like to cast the government programmes that support Dalene Raiters and her family as a success story. Full story

Zambia's kwacha hits record low against U.S. dollar

08/05 Zambia's kwacha currency hit a record low against the U.S. dollar on Wednesday, touching 27.30 to the dollar amid hard currency shortages and a punishing drought that has led to power cuts in the southern African copper producer. Full story

South Africa's net foreign reserves rise to $57.851 bln in April

08/05 South Africa's net foreign reserves rose to $57.851 billion at the end of April, from $57.513 billion in March, central bank data showed on Wednesday. Full story

Futures subdued as Walt Disney results fail to excite investors

07/05 Futures tracking U.S. stock indexes were largely muted after Walt Disney slipped following second-quarter results, while expectations of the Federal Reserve's interest rate cuts this year lent support to the market. Full story

European shares close at highest in a week; Indra surges

06/05 European shares closed at their highest levels in one week on Monday, with investor optimism over interest rate cuts from major central banks back to the fore, while Spanish defence company Indra jumped following a strong first-quarter profit. Full story

Offshore investors sell South African stocks, bonds

06/05 Offshore investors sold a net 1.49 billion rand ($80.86 million) of South African stocks last week, data from the Johannesburg Stock Exchange showed on Monday. Full story

South African rand boosted by weaker US jobs data

03/05 The South African rand was stronger on Friday after U.S. nonfarm payrolls grew less than expected in April, boosting hopes that the Federal Reserve could cut interest rates soon. Full story

South Africa sells 915 mln rand of inflation-linked bonds at auction

03/05 South Africa's government sold a total of 915 million rand ($49.38 million) of its 2031, 2038 and 2050 inflation-linked bonds at auction, central bank data showed on Friday. Full story

European shares ease after Fed decision, mixed earnings

02/05 European shares fell slightly in their first May trading session on Thursday as investors returned from a mid-week holiday to gauge a slew of earnings after the Federal Reserve signalled a delay in U.S. interest rate cuts. Full story

AFRICA-FX-Kenyan, Nigerian and Ghanaian currencies could fall

02/05 The Kenyan, Nigerian, Ghanaian and Zambian currencies are expected to fall against the dollar in the next week to Thursday, while Uganda's currency is seen gaining, traders said. Full story

Asian equities slip on Fed decision; Indonesia drops as inflation rate eases

02/05 Stocks in Indonesia extended losses on Thursday as data showed that the country's inflation rate had eased, while other equities in the region slipped after the U.S. Federal Reserve flagged possible delays to interest rate cuts this year. Equities in Jakarta slipped 1.6%, while the rupiah wa Full story

STOXX ends lower as auto giants weigh; investors parse inflation data

30/04 European shares closed lower on Tuesday weighed by a bleak raft of earnings reports from the region's top car makers, while investors also assessed a possible merger between two Spanish banks and data that signalled improving economic fundamentals. Full story

Anglo to meet top shareholders on BHP bid as takeover rules restrain AGM

30/04 Anglo American's chair will meet its top 30 shareholders to hear views on BHP's $39 billion bid for the miner, he told an annual general meeting on Tuesday, where he was restricted from discussing the spurned offer by takeover regulations. Full story

South African government sells 3.75 bln rand of bonds at auction

30/04 South Africa's government sold 3.75 billion rand ($200.77 million) of its 2031 , 2035 and 2037 bonds at auction on Tuesday. Full story

Sibanye seeks to loosen borrowing restrictions as earnings plunge

11h38 South African diversfied miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, it said on Friday, after weak platinum group metal (PGM) prices drove earnings 72% lower in the March quarter. Full story

South African Markets - Factors to watch on May 10

07h47 The following scheduled economic events, equity and currency market moves may affect South African markets on Friday. Full story

Safaricom annual earnings edge up helped by Kenya

09/05 Kenyan telecom operator Safaricom on Thursday reported a 3.5% rise in its annual core earnings to 94.9 billion Kenyan shillings ($724 million) as solid growth in its home market helped cushion the costs of its nascent Ethiopian business. Full story

South African Markets - Factors to watch on May 9

09/05 The following scheduled economic event, equity and currency market moves may affect South African markets on Thursday. Full story

Asian currencies fall on firm dollar, stocks mixed on US rate cut worries

08/05 Asian currencies weakened against a firm dollar on Wednesday, while stock markets in the region halted their bullish run as investors took a cautious approach on the U.S. rate cut path, after optimism stoked by last week's soft jobs data faded. The South Korean won led losses among emerging Asia Full story

European shares close at record highs on financials boost

07/05 European shares closed at record high levels on Tuesday, with financials stocks in the spotlight following upbeat earnings from Switzerland's UBS and Italy's UniCredit, while optimism around interest rate cuts also helped. Full story

South African government sells 3.75 bln rand of bonds at auction

07/05 South Africa's government sold 3.75 billion rand ($203.10 million) of its 2032 , 2037 and 2053 bonds at auction on Tuesday. Full story

South African rand gains on bets of US rate cuts

06/05 The South African rand was stronger on Monday against a weaker dollar, as market confidence gained on bets of U.S. interest rate cuts this year, analysts said. Full story

South Africa business activity rises in April, PMI shows

06/05 South African private sector activity rose marginally in April as an improvement in business confidence encouraged companies to expand purchasing activity and staffing levels, a survey showed on Monday. Full story

Harmony Gold reports one fatality at Johannesburg mine

03/05 South African mining company Harmony Gold on Friday reported that one of its employees had died at its Doornkop mine. Full story

Asian currencies, stocks strengthen as Fed hints dovish stance

03/05 Asian emerging market currencies and equities climbed higher on Friday after the Federal Reserve indicated it would maintain a dovish tilt, while traders look ahead to the U.S. nonfarm payrolls data later in the day. The South Korean won was the biggest gainer in the region, appreciating nearly Full story

Harmony Gold reports fatality at South Africa's Mponeng mine

02/05 Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South Africa on May 1. Full story

South African factory activity improves in April - Absa PMI

02/05 South African manufacturing activity improved in April, a Purchasing Managers' Index (PMI) survey showed on Thursday, helped by there being no rolling power cuts for the whole of last month. Full story

African Markets - Factors to watch on May 1

01/05 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - WORLD OIL PRICES Oil prices fell for a third day on Wednesday on rising crude inventories and production Full story

South African rand weakens after trade and budget balance data

30/04 South Africa's rand weakened on Tuesday, tracking the U.S. dollar after a mixed batch of trade, budget and money supply data. Full story

South Africa posts trade surplus of 7.27 bln rand in March

30/04 South Africa recorded a trade surplus of 7.27 billion rand ($388.43 million) in March, revenue service figures showed on Tuesday. Full story