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The week ahead: 15 - 19 May 2017
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The week ahead: 15 - 19 May 2017

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The week kicks of with several results out today. This should shake the markets up a bit following the easter holoday lethargy. Vodacom’s full year results are out. The telecommunications company also announced that they will acquire a 35% stake in Safaricom from Vodafone in exchange for 226.8m Vodacom shares. Vodacom says this will allow them to better manage their sub-Saharan operations while opening up the Kenyan market.

 

On the political front, the constitutional Court will be hearing the UDM’s case for a secret ballot in the no confidence vote for the president, the date of which will be announced following the ConCourt decision.

 

Events to diarise:

Monday, 15 May

  • Vodacom annual results
  • Lonmin interim results
  • Astral Foods interim results
  • Sappi interim results
  • Netcare interim results
  • Calgro M3 annual results
  • Barloworld Limited annual results

Tuesday, 16 May

  • AngloGold Ashanti AGM
  • Government bond auction

Wednesday, 17 May

  • Dis-chem annual results
  • Lonmin annual results
  • March Retails trade sales data (StatsSA)

Thursday, 18 May

  • Investec Annual results
  • Oceana Group interim results
  • Stats of civil cases for debt (March)
  • Wholesale trade sales data (March)

Friday, 19 May

  • Astrapak annual results
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