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African Markets – Factors to watch on Nov 22

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    NAIROBI, Nov 22 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Wednesday.
    - - - - -
 EVENTS:
 *SOUTH AFRICA - Second day of Reserve Bank's three-day
 monetary policy committee meeting.
 
 GLOBAL MARKETS
 Asian shares joined a global rally and scaled a fresh decade
 peak on Wednesday as strong world growth and rising
 corporate profits lured hordes of investors into equities,
 while oil prices jumped on expectations of a production
 cut.                       
 
 WORLD OIL PRICES
 Oil prices climbed on Wednesday after a reported fall in
 U.S. crude inventories and on expectations that an OPEC-led
 production cut aimed at tightening the market will be
 extended beyond next March.                 
 
 EMERGING MARKETS
 For the top emerging markets news, double click on
            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 SOUTH AFRICA MARKETS
 South Africa's rand stumbled on Tuesday, driven by a firming
 dollar and negative sentiment ahead of credit rating
 decisions at the end of this week.            
 
 SOUTH AFRICA ECONOMY
 Markets have pencilled-in a resumption of rate hikes in
 South Africa next year, a move that would put an end to the
 central bank's shortest easing cycle on record.            
 
 SOUTH AFRICA ECONOMY
 South Africa wants the national oil companies of its BRICS
 partners to help build a new 400,000 barrel per day refinery
 that will be structured by senior debt and equity, energy
 minister David Mahlobo said on Tuesday.            
 
 SOUTH AFRICA AVIATION
 Even with a government injection of 10 billion rand ($709
 million), the struggling South African Airways will remain
 under-capitalised with a negative equity position of over 9
 billion rand, a presentation to parliament
 showed.            
 
 NIGERIA ECONOMY
 Nigeria's central bank held its benchmark interest rate at
 14 percent on Tuesday and said the recovery of Africa's
 biggest economy from its first recession in a generation
 remained fragile.            
 
 NIGERIA CONFLICT
 A suicide bomber killed at least 50 people in northeastern
 Nigeria on Tuesday in an attack on a mosque which bore the
 hallmarks of a faction of the Islamist militant group Boko
 Haram.            
 
 NIGERIA SECURITY
 Unidentified attackers killed more than 30 cattle herders in
 the northeastern Nigerian state of Adamawa, a police
 spokesman said on Tuesday.            
 
 ZIMBABWE POLITICS
 Robert Mugabe resigned as Zimbabwe's president on Tuesday, a
 week after the army and his former political allies moved to
 end four decades of rule by a man once feted as an
 independence hero who became feared as a despot.            
 
 ZIMBABWE POLITICS
 Zimbabwe's former vice president Emmerson Mnangagwa will be
 sworn in as president on Wednesday or Thursday, ZANU-PF
 legal secretary Patrick Chinamasa told Reuters, after the
 resignation of Robert Mugabe.            
 
 ERITREA MINING
 Nevsun Resources Ltd NSU.TO lost its bid to have a Canadian
 court throw out a lawsuit by Eritreans workers who say they
 were forced to work at its mine in East Africa, according to
 an appeals court judgment released on Tuesday.            
 
 
     For the latest precious metals report click on        
     For the latest base metals report click on         
     For the latest crude oil report click on       
   
   
    

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