GBN Press Offices
The Market Maverick

Send  Print  Share  RSS  Twitter  11 Nov 2010

The Market Maverick Daily Diary: Thurs Nov. 11th


Recent Blog

SA Today: Key events to watch, Nov 11

--- Stats SA releases September manufacturing production data.

--- Stats SA releases September mining production data.

--- AngloGold Ashanti releases Q3 results.

--- General Motors SA opens R250m parts distribution centre in PE.

--- Northam Platinum holds AGM.

--- Rare Holdings holds AGM.

--- Oceana releases annual results.

--- BER annual conference - Navigating uncharted waters.

--- SACCI releases October Trade Conditions Survey.

--- Bowler Metcalf holds AGM.

--- Anooraq Resources Sep qtr results


Focus today shifts to manufacturing production and mining production data.

Manufacturing production is expected to have improved slightly between August and September.

Investec forecasts manufacturing production to have risen 6.0% year-on-year (y/y) in September from 5.3% in August. They expect the data to take its cue from the forward-looking Purchasing Managers' Index (PMI), whose failure to breach the key 50 index point level reflects the continued strain the sector faces.

Investec's Kgotso Radira said that similar to previous months, production growth will likely be driven by the petroleum, chemical products, rubber and plastic products and electrical machinery division.

"The manufacturing sector is likely to remain under pressure as the rebuilding of inventories eases and the rand remains relatively strong," according to Standard Bank economists.

Growth in mining production, also to be released on Thursday, is expected to have continued in September despite the challenges of rand strength.

"The key drivers of growth will likely be PGMs [Platinum Group Metals] and diamond production, which have shown steady growth in previous months, driven by improving global jewellery demand," Radira said.

The SA Chamber of Commerce and Industry (SACCI)'s Trade Conditions Survey for October will also be released today. The index indicates how businesses feel about current trading conditions as well as their feeling of conditions six months ahead.


Nov 12: Weekly Treasury Bill auction.

Nov 12: Gijima Group holds AGM.

Nov 13: Adcock Ingram hosts pharmacist summit.

Nov 14: No events scheduled.

Nov 15: JD Group releases annual results.

Nov 15: Synovate releases research on vehicle brands.

Nov 15: Astral Foods releases annual results.

Nov 15: Tongaat releases interim results.

Nov 15: Uranium One releases Q3 results.

Nov 15: Netcare releases annual results.

Nov 16: Weekly government bond auction.

Nov 16: FNB/BER releases Q4 2010 CCI.

Nov 16: Foschini releases interim results.

Nov 16: Johnson Matthey releases Platinum 2010 interim review.

Nov 16: Great Basin Gold releases Q3 2010 results.

Nov 16: SAIRR hosts briefing on future economic and political prospects.

Nov 16: Landelahni Recruitment Group releases survey on effects of downturn on employment equity.

Nov 16: York Timber holds AGM.

Nov 17: Stats SA releases September retail sales.

Nov 17: Stats SA releases September building statistics.

Nov 17: Start of SARB's 2-day Monetary Policy Committee meeting.

Nov 17: Fossil Fuel Foundation annual indaba until Nov 18.

Nov 17: Barloworld releases annual results.

Nov 17: Rex Trueform holds AGM.

Nov 17: Eqstra releases interim results.

Nov 17: Spar Group releases annual results.

Nov 17: Reunert releases annual results.

Nov 18: Final day of SARB's 2-day Monetary Policy Committee meeting - rates decision at 15:00.

Click here to find out more!
Home News Interviews Advertising Contact us Site Map
© 2010 All rights reserved

Newsletter Subscription

Subscribe to The Market MaverickNewsletter (it's free).

Thank You
Your email address has been added.

Email Address: