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Send  Print  Share  RSS  Twitter  10 Nov 2010

The Market Maverick Daily Diary: Weds Nov 10th

 
A Today: Key events to watch, Nov 10


--- Business Connexion releases annual results.

--- AfricaCom conference until Nov 11.

--- Adcorp releases employment index.


WHAT TO WATCH FOR:


SA markets will rely on international data for direction this week, as locally there is not much market moving economic data.

The two most important economic releases this week are due on Thursday when both the September manufacturing production data and the September mining production are released.

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 on Thursday. The index indicates how businesses feel about current trading conditions as well as their feeling of conditions six months ahead.


ON THE HORIZON:


Nov 11: Stats SA releases September manufacturing production data.

Nov 11: Stats SA releases September mining production data.

Nov 11: AngloGold Ashanti releases Q3 results.

Nov 11: General Motors SA opens R250m parts distribution centre in PE.

Nov 11: Northam Platinum holds AGM.

Nov 11: Rare Holdings holds AGM.

Nov 11: Oceana releases annual results.

Nov 11: BER annual conference - Navigating uncharted waters.

Nov 11: SACCI releases October Trade Conditions Survey.

Nov 11: Bowler Metcalf holds AGM.

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.

Nov 18: Investec releases interim results.

Nov 18: SABMiller releases H1 2011 results.

Nov 18: Illovo Sugar releases interim results.

Nov 18: Stats SA releases September civil cases for debt data.

Nov 18: Woolworths holds AGM.

Nov 18: Mr Price Group releases interim results.


FURTHER AHEAD


Nov 19: Weekly Treasury Bill auction.

Nov 20: No events scheduled.

Nov 21: No events scheduled.

Nov 22: Stats SA releases October liquidations and insolvencies.

Nov 22: Nampak releases annual results.

Nov 22: Mine water 2010 conference until Nov 25.

Nov 22: African Bank releases annual results.

Nov 22: Vukile Property Fund releases interim results.

Nov 22: Austro Group releases annual results.

Nov 22: Telkom releases interim results.

Nov 23: Weekly government bond auction.

Nov 23: Crop Estimates Committee releases Winter: 4th production forecast.

Nov 23: Stats SA releases Q3 2010 GDP.

Nov 23: RMB/BER releases Q4 2010 BCI.

Nov 23: Weekly government bond auction.

Nov 23: Kelly Group releases annual results.

Nov 23: Eskom releases interim results.

Nov 23: Rainbow Chickens releases interim results.

Nov 23: Adcock Ingram releases annual results.

Nov 23: ELB Group holds AGM.

Nov 23: UCS Group releases annual results.

Nov 24: Stats SA releases October CPI.

Nov 24: Harmony holds AGM.

Nov 24: Massmart holds AGM.

Nov 24: Vox Telecomm releases annual results.

Nov 24: Tiger Brands releases annual results.

Nov 25: Stats SA releases October PPI.

Nov 25: Crop Estimates Committee releases Summer: finalisation of 2009/2010 crop.

Nov 25: Economist conferences hosts Angola Business and Investment summit.

Nov 25: Santova Logistics releases interim results.

Nov 25: Sallies holds AGM

Nov 25: Remgro releases interim results.

Nov 25: Sasfin holds AGM.

Nov 25: Sun International holds AGM.

Nov 26: Weekly Treasury Bill auction.

Nov 26: DRDGold holds AGM.

Nov 26: Italtile holds AGM.

Nov 26: Aspen Pharmacare holds AGM.

Nov 26: Liberty Holdings releases Q3 operational update.

Nov 26: Sasol holds AGM.

Nov 27: No events scheduled.

Nov 28: No events scheduled.

Nov 29: SARB releases October M3 and PSCE.

Nov 29: BER and FNB releases Q4 building confidence index.

Nov 29: Crookes Brothers releases interim results.

Nov 29: Pioneer Foods releases annual results.

Nov 29: Super Group holds AGM.

Nov 29: Protech Khuthele releases interim results.

Nov 29: Mvelaserve lists on JSE.

Nov 30: SARS releases October trade data.

Nov 30: Treasury releases October statement of revenue, expenditure and borrowing.

Nov 30: Stats SA releases Q3 GDP data.

Nov 30: Weekly government bond auction.

Nov 30: SABMiller plc holds MillerCoors update seminar.

Nov 30: Naspers releases interim results.

Nov 30: Discovery holds AGM.


Dec 1: Standard Bank releases residential property gauge.

Dec 1: Kagiso releases November PMI.

Dec 2: NAAMSA releases November new vehicle sales.

Dec 2: Stats SA releases October electricity generated stats.

Dec 2: Treasury releases November provisional financing figures.

Dec 3: Weekly Treasury Bill auction.

Dec 4: No events scheduled.

Dec 5: No events scheduled.

Dec 6: No events scheduled.

Dec 7: SARB releases November gold and forex reserves.

Dec 7: BER releases Q4 inflation expectations survey.

Dec 7: Weekly government bond auction.

Dec 8: Stats SA releases October retail sales.

Dec 9: Stats SA releases October civil cases for debt.

Dec 9: SARB releases Q3 quarterly economic bulletin.

Dec 9: Stats SA releases October mining production data.

Dec 9: Stats SA releases October manufacturing production data.

Dec 10: Weekly Treasury Bill auction.

Dec 11: No events scheduled.

Dec 12: No events scheduled.

Dec 13: No events scheduled.

Dec 14: Weekly government bond auction.

Dec 14: Stats SA releases November CPI.

Dec 14: Stats SA releases November liquidations and insolvencies.

Dec 15: Stats SA releases November PPI.

Dec 15: Stats SA releases October building statistics.

Dec 16: SA markets closed for public holiday.

Dec 17: Weekly Treasury Bill auction.

Dec 18: No events scheduled.

Dec 19: No events scheduled.

Dec 20: No events scheduled.

Dec 21: Weekly government bond auction.

Dec 22: Crop Estimates Committee releases Winter: 5th production forecast.

Dec 23: No events scheduled.

Dec 24: Weekly Treasury Bill auction.

Dec 25: No events scheduled.

Dec 26: No events scheduled.

Dec 27: SA markets closed for public holiday.

Dec 28: Weekly government bond auction.

Dec 29: No events scheduled.

Dec 30: SARS releases November trade data.

Dec 30: Treasury releases statement of national revenue, expenditure and borrowing.

Dec 31: Weekly Treasury Bill auction.

Dec 31: SARB releases November M3 and PSCE.



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