Enterprise Television- African Markets Review Today February. 19
The following company announcements, scheduled economic indicators, debt and currency market moves which may affect African markets today.
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SOUTH AFRICA ECONOMY
South Africa’s rand submitted some gains today but remained near its three-year best ahead of Cyril Ramaphosa’s maiden state of the nation address after he was sworn in as the country’s president. A South African industry group representing mining companies
has agreed to postpone a court challenge against new regulations that included a requirement for more black ownership of mines, to allow for negotiations with new President Cyril Ramaphosa.
Traders said, The Kenyan shilling held steady against the dollar today, supported by horticulture export earnings and remittances sent by citizens living abroad.