South African Markets - Factors to watch on Nov 12

JOHANNESBURG, Nov 12 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.

- - - -

GLOBAL MARKETS

Asian shares edged up on Thursday as investors continued to favour riskier assets on further signs that the global economy is picking up, while a weak dollar sent gold to another record high. [ID:nSP34627]

SOUTH AFRICAN MARKETS

South Africa's rand held its gains against the dollar on Wednesday, trading near a three-week high and local stocks rose for the fourth day in a row buoyed by mining shares.

The JSE Top-40 index of blue chips .JTOPI gained 1.12 percent to 24,020.62 points and the broader All-share index was up 1.09 percent to 26,662.54 points. [ID:nLB231420]

SPAR (SPPJ.J)

Spar (SPPJ.J), South Africa's no.3 grocery chain, said it would cut its capital expenditure to 234 million rand ($31.70 million) in 2010 and expects growth to slow due to lower inflation. [ID:nL0261904]

ANGLOGOLD ASHANTI (ANGJ.J)

The South African government is expected to reject a proposal by utility Eskom to triple tariffs partly because of the impact they would have on the gold sector, the chief of AngloGold Ash 1634628713 (ANGJ.J) said on Wednesday. [ID:nLB277836]

GOLD FIELDS (GFIJ.J)