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