The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on
Monday.
GLOBAL MARKETS
U.S. stock futures dropped and Asian shares were on the defensive on Monday as investors weighed the near-certain
prospect of an interest rate hike in the United States this month against news of slower growth in China this year.
WORLD OIL PRICES
Oil prices slipped in Asian trade on Monday, wiping out some of the gains of the previous session amid ongoing concern over Russia’s compliance with a global deal to cut oil output.
AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa’s rand gained on Friday, taking advantage of a slip by the greenback to take back some losses from the
previous session as pressure grew around the increasing likelihood of a U.S. interest rate rise this month.
SOUTH AFRICA WELFARE
The government will continue paying millions of South Africa’s most vulnerable people social security payments on
April 1, despite not signing a new deal with an existing service-provider, the minister of social development said on
Sunday.
NIGERIA ECONOMY
Nigeria’s trade balance turned positive in the fourth quarter of 2016 after exports rose by more than half, the
national bureau of statistics said on Saturday, the first positive reading since the same quarter a year ago.
NIGERIA PIRACY
Nigerian pirates have released seven Russian and one Ukrainian sailors after they were captured last month on the
cargo ship the BBC Caribbean, Russian news agencies reported on Sunday, citing a human rights activist in
Crimea.
MALI SECURITY
Militants attacked a Malian army post near the border of Burkina Faso on Sunday, killing 11 soldiers, a Mali defence
ministry spokesman told Reuters.
ZIMBABWE STRIKE
Zimbabwean junior doctors on Sunday called off a three-week strike saying the government had partially met their
demands, a day before a one-day walk out by other public sector workers.
CONGO POLITICS
Democratic Republic of Congo’s largest opposition party said it expelled one of its leaders on Saturday amid infighting that weakens its effort to force President Joseph Kabila to stick to a deal to step down after an election this
year.
