South African Markets - Factors to watch on Oct 26

JOHANNESBURG, Oct 26 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.

GLOBAL MARKETS

The U.S. dollar rose and global stocks fell on Friday as energy shares followed crude prices lower and investors worried about the pace of a fledgling U.S. economic recovery.

The Dow Jones industrial average closed below the 10,000 mark, as weak results from industrials overshadowed robust earnings from bellwethers in technology. [ID:nN23122625]

SOUTH AFRICAN MARKETS

South Africa's rand weakened against the dollar on Friday, mainly on profit-taking after the domestic currency's recent strong rally, while nagging worries about possible economic policy shifts also weighed.

Domestic stocks rose, near a 14-month high and notching a fifth straight day of gains, with miners among the top risers on firmer commodity prices.

The JSE Top-40 index of blue chips .JTOPI gained 0.22 percent to 24,137.22 points, the highest closing level since Sept. 3, 2008 and bringing this week's gains to 3.4 percent.

The broader All-share index closed 0.26 percent higher at 26,802.07 points. [ID:nLN429546]

ZESCO/TATA AFRICA

Zambian state power utility Zesco and South Africa's TATA Africa are in talks with a European and African development bank about raising cash for a $200 million power generation project, Zesco's acting managing director said on Saturday. [ID:nLO236431]

MTN (MTNJ.J); VODACOM (VODJ.J)