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 Issue: 07 February 2011 20:00

S.Africa's rand firms but seen lower; stocks flat

By Xola Potelwa and Gugulakhe Lourie

JOHANNESBURG (Reuters) - South Africa's rand traded firmer against the dollar on Monday, taking a breather from recent multi-month lows, while stocks retreated after recent gains as investors took profits.

The JSE Top-40 index of blue chips was down 0.33 percent to 29.621.70 and technical levels show the index has limited upside. Its 14-day relative strength index is around 60.

At 1544 GMT, the rand was up 0.36 percent at 7.2390 to the dollar, from a close of 7.2650 on Friday.

"On the topside is 7.33 if that goes we'll probably see 7.36, but we're struggling to go above 7.30, there are exporters holding it around the 7.30 level," a local dealer said.

The rand has pierced the strong 7.30 technical level twice last week.

Dealers however expected the rand to continue its recent poor performance since reported central bank intervention in the market.

Analysts say the South African Reserve Bank (SARB) has stepped up its foreign reserves accumulation in recent weeks in a bid to stem gains on the rand.

Data from the SARB this morning shows the country's gross reserves rose by $1.6 billion at end January, while currency reserves were up $1.9 billion, pointing to increased dollar-buying by the Bank.

The rand has gained over 28 percent since the beginning of 2009. Reserve Bank Governor Gill Marcus however says their efforts seem to have had little effect.

"The appreciation of the rand exchange rate has occurred despite the continued purchase of foreign exchange by the Reserve Bank and the National Treasury," Marcus said in a speech posted on the Bank's website.

Government bonds ended with the yield on the benchmark 2015 note at 7.885 percent from Friday's close of 7.91 percent. The 2026 issue closed at 8.67 percent compared with 8.69 on Friday.

On Tuesday the market looks to the quarterly unemployment rate for the last quarter of 2010. Previous data showed the jobless rate was at 25.3 percent of the labor force.

SARB Governor Gill Marcus has said current growth rates are insufficient to make significant inroads into the unemployment rate.

Also on the local calendar this week manufacturing data for December, which is expected to have slowed from the previous month partly on the strength of the rand exchange rate.


On the bourse, the broader All-share index dropped 0.31 percent to 32,800.23, after it surged to a 2-1/2-year high in the session pushed by firmer commodity prices.

"A bit of a breather to the downside and consolidation after heavy gains," said Wilmar Buys, a trader at FFO Securities.

Recent gainers such Vodacom, South Africa's largest mobile phone operator, fell 2.89 percent to 75 rand and Standard Bank lost 2.28 percent to 103.99 rand after recent gains.

Petrochemicals Sasol dropped 2.59 percent to 371.15 rand and MTN was down 2.39 percent to 127.45 rand.

Papermaker Mondi rose 1.62 percent to 60.97 rand after the company said its Poland unit will buy local energy firm Saturn Management for 28.8 million euro.

Bourse and mining heavyweight Anglo American gained 1.48 percent to 393 rand, on firmer commodity prices.

Mon, 07 Feb 2011

South Africa's Harmony Gold more than doubled its earnings in the last three months of 2010, boosted by record gold prices and the closure of some unprofitable operations.  Full story
Revenue increased to R6.1 billion (R5.3 billion). Gross profit increased to R3 billion (R2.2 billion). Net attributable profit for the year inclined to R595 million (R284 million). Headline earnings per share increased to 1228 cps (598cps). Dividend The board declared a final dividend of  Full story
Anglo Platinum, the world's top platinum producer, will boost output this year after posting a surge in annual profit, as the global economic recovery stokes demand for the precious metal.  Full story
West African-focused gold producer Randgold Resources said full-year profit jumped 43 percent as higher gold prices outweighed a fall in production and it would raise its dividend by 18 percent.  Full story

Botswana, the world's biggest diamond producer, on Monday forecast a sharply lower deficit of 6.3 percent of GDP this financial year. . .  Full story
Gold Fields, the world's No. 4 gold producer, resumed operations at four shafts at its Driefontein mine in South Africa on. . .  Full story
South Africa's rand firmed slightly against the dollar, recouping some of its losses from a a near six-month low last week,. . .  Full story
South Africa faces rising risks to its inflation outlook due to commodity prices, and inflation may move to the upper end. . .  Full story

Trading Statistics


Major Moves Up
SharenameSaleMove% MoveVolume
1 MASONITE  368543013.21.%300
2 AMA  2202512.82.%123650
3 ARB  380308.57.%20003
4 KEATON   400308.11.%361077
5 WESCOAL  11965.31.%101976
6 KELLY  430204.88.%26000
7 BELL  1470634.48.%45801
8 ROLFES  19073.83.%4000
9 PSG  41001453.67.%329358
10 EQSTRA  660203.13.%287040
11 RICHEMONT  40351152.93.%25638658
12 ANOORAQ  1100302.80.%22552
13 YORK  375102.74.%366045
14 STEFSTOCK  1130302.73.%90836
15 AFGRI  720192.71.%8334
16 DELTA  975252.63.%11500
17 METOREX  569142.52.%5876538
18 ASSORE  213505252.52.%15947
19 VERIMARK  16542.48.%1767
20 MONDIPLCP  61531482.46.%1132659

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Major Moves Down
SharenameSaleMove% MoveVolume
1 COAL  1086-99-8.35.%182543
2 VILLAGE  206-14-6.36.%23600
3 OANDO  326-21-6.05.%2740
4 ESORFRANK  190-10-5.00.%96564
5 RANGOLD  295-15-4.84.%4006
6 URONE  4780-180-3.63.%18269
7 BARWORLD  7023-246-3.38.%797200
8 ILIAD  759-26-3.31.%62961
9 EHSV  8951-299-3.23.%69701
10 ALTECH  6050-200-3.20.%43791
11 CLICKS  3875-123-3.08.%3069724
12 MIXTEL  132-4-2.94.%32300
13 SPURCORP  1350-40-2.88.%62924
14 HOSP-B  1020-30-2.86.%45548
15 SASOL  37115-985-2.59.%2589004
16 LITHA  239-6-2.45.%193365
17 MMG  200-5-2.44.%10000
18 MTN  12745-312-2.39.%5356716
19 JDGROUP  5200-125-2.35.%884685
20 ARCMITTAL  8535-205-2.35.%381686

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New Highs
SharenameSaleHighMove% MoveVolume
1 ARB  380380308.57.%20003
2 BELL  14701575634.48.%45801
3 PSG  410041451453.67.%329358
4 ASSORE  21350218905252.52.%15947
5 MONDIPLCP  615362701482.46.%1132659
6 MONDILTDP  60976248971.62.%206667
7 ANGLO  39300396255751.48.%7954956
8 BATS  28254284903121.12.%484194
9 BILLITON  2938329750310.11.%4924322
10 STEINHOFF  25152575-13-0.51.%4627721
11 EHSV  89519700-299-3.23.%69701

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New Lows
SharenameSaleLowMove% MoveVolume

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Spot Prices
NameTimeRPMove% Move
JSE Overall17:0032800.23-102.29-0.31%
JSE Top 4017:0029621.70-97.26-0.33%
JSE Gold17:002638.70-24.35-0.91%
JSE Financial17:0021422.70-194.79-0.90%
JSE Industrial17:0031837.82-79.42-0.25%
JSE Indust 2517:0026563.04-54.98-0.21%
JSE Resource17:0060490.21-67.86-0.11%
DJ Futures19:5612125.0080.000.66%
DJ Ind19:3512175.7183.560.69%
SP 50019:261320.709.830.75%
FTSE 10018:356051.0353.650.89%
All Ords07:394964.305.500.11%
NZSE 5006:263387.4119.590.58%
NameTimeRPMove% Move
Gold/R kg19:56314634-351-0.11%
Brent Crude19:5698.84-.71-0.71%
Rand / Dollar19:587.25780.00320.04%
Rand / Pound19:5511.64890.00240.02%
Rand / Euro19:559.8302-0.0135-0.14%
Rand / NZD19:575.58640.00380.07%
Rand / AUD19:557.35830.00110.01%
Yen / Dollar19:5882.39000.19000.23%
Euro / Dollar19:550.73780.00100.14%
Dollar / Euro19:581.3547-0.0024-0.18%
Pound / Dollar19:550.6207-0.0003-0.05%

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Index Summary
Index NameRPMove% Move
Top 4029,621.70-97.26-0.33%
Mid Cap41,365.44-112.63-0.27%
Small Cap32,479.3239.930.12%
Resource 2060,490.21-67.86-0.11%
Industrial 2526,563.04-54.98-0.21%
Financial 158,119.19-94.50-1.15%
Financial & Ind. 3029,912.78-157.97-0.53%
All Share32,800.23-102.29-0.31%
Oil & Gas 28,130.80-745.38-2.58%
Mining 39,975.7898.300.25%
Gold Mining2,638.70-24.35-0.91%
Platinum Mining79.85-1.03-1.27%
Oil & Gas Producers 15,125.41-400.78-2.58%
Basic Materials 33,514.5978.640.24%
Chemicals 13,611.7586.140.64%
Forestry & Paper 14,343.23241.831.71%
Industrial Metals 29,784.26-333.37-1.11%
Industrials 28,638.64-100.31-0.35%
General Industrials 77,528.10-372.45-0.48%
Consumer Goods 26,408.90318.871.22%
Automobiles & Parts 2,830.5711.320.40%
Household Goods159.83-1-0.52%
Health Care 31,468.95-216.52-0.68%
Beverages 82,132.16461.320.56%
Food Producers 48,103.714.380.01%
Index NameRPMove% Move
Personal Goods 403.0011.482.93%
Consumer Services 52,211.09-450.91-0.86%
General Retailers 37,742.49-398.26-1.04%
Travel & Leisure 4,028.34-15.56-0.38%
Media 88,089.14-444.45-0.50%
Support Services 2,530.30-32.94-1.29%
Telecommunications 62,272.25-1550.52-2.43%
Financials 21,422.70-194.79-0.90%
Banks 39,799.98-777.70-1.92%
Non-life Insurance 30,675.10118.820.39%
Life Insurance 16,081.52-1.47-0.01%
General Financial 2,342.73-21.49-0.91%
Technology 20,988.02-9.20-0.04%
SHARIAH TOP40 3,391.22-14-0.42%
FTSE/JSE SHARIAH ALL3,438.84-14-0.40%
COAL MINING21,425.70-60-0.28%
FTSE JSE Fledgling 4,693.55-16-0.35%
FTSE/JSE Alt X 1,088.62-13-1.15%
RESOURCE 33,279.47-37-0.11%
DIVIDEND PLUS167.98-1-0.80%
FTSE/JSE RAFI 406,862.57-39-0.57%
Capped Top 4015,288.11-66-0.43%
Capped All Share16,439.58-56-0.34%

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Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
08 Feb 2011ABENovember 2011 (Interim)
08 Feb 2011PALAMINDecember 2010 (Final)
08 Feb 2011PALAMIN CDDecember 2010 (Final)
08 Feb 2011SAPPIDecember 2010 (Q)
09 Feb 2011ARBDecember 2010 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
FIRSTRANDB-P11-02-0311-02-1811-02-28R 3.1355
CAPITAL11-02-0311-02-1811-02-28R 0.3178
REDEFINE11-02-0211-02-1811-02-28R 0.1500
HUDACO11-01-2811-03-0411-03-14R 2.3500
CBH11-01-2711-05-0611-05-16R 0.1110
Ex Div**
Share NameDec-DateLDTPay-DateAmount
FOORDCMPS11-01-2011-02-0411-02-14R 0.5385
UCS10-11-2311-02-0411-02-14R 0.0500

Upcoming AGMs**
CodeCompany NameDateStatus
AWTAwethu Breweries Ltd08/02/2011Confirmed
RLOReunert Ltd08/02/2011Confirmed
RLZPReunert Ltd08/02/2011Confirmed
RLPReunert Ltd08/02/2011Confirmed
MIPMerchant - Industrial Properties Ltd08/02/2011Confirmed

Stock Exchange News Service
07/02/201117:25 Old Mutual plc - Form 8.3
07/02/201117:22 Hosken Consolidated Investments Limited - Acquisition of a 33,9% interest
07/02/201117:07 John Daniel Holdings Limited - Cautionary Announcement in relation to the
07/02/201117:04 PBT Group Limited - Trading statement
07/02/201117:00 Assore - Trading Statement
07/02/201116:45 MMI Holdings Limited - Dealing in securities by directors: implementation
07/02/201116:45 FirstRand Limited - Dealing in securities by directors: implementation of
07/02/201116:45 RMB Holdings Limited - Dealing in securities by directors: implementation
07/02/201116:30 Naspers Limited - Director dealing in securities
07/02/201116:25 Palabora Mining Company Limited - Reviewed provisional results and
07/02/201116:18 Trustco Group Holdings Limited - Voluntary announcement: Trustco extends
07/02/201116:16 JD Group Limited - Death of a non-executive director
07/02/201115:34 Premium Properties Limited - Dealing in securities by directors
07/02/201115:26 Redefine Properties Limited - Dealing in Securities
07/02/201115:24 Mobile Industries Limited - Apportionment ratio for tax purposes
07/02/201115:15 Marshall Monteagle Holdings Societe Anonyme - Revised timing on date of
07/02/201115:15 Premium Properties Limited - Posting of circular and withdrawal of the
07/02/201115:11 Resource Generation Limited - Investor Presentation Update
07/02/201115:10THEE - Competition Tribunal Dismisses Telkoms Complaints
07/02/201115:08 Comair Limited - Trading statement
07/02/201114:00 Kairos Industrial Holdings Limited - Kairos announces the passing away of
07/02/201113:49 Zeder Investments Limited - Announcement regarding the disposal of Zeder`s
07/02/201113:49 Reunert Limited - Repurchase Announcement
07/02/201112:50 Anglo American plc - Treasury Shares - Transfers
07/02/201111:59 Country Bird Holdings Limited - Dealings in securities
07/02/201110:50 Anglo American plc - Anglo American plc notification: Anglo Platinum
07/02/201110:24INVS - Investec Bank Limited - Expiry of stock warrants 21 February 2011
07/02/201110:23INVS - Investec Bank Limited - Expiry of stock warrants 21 February 2011
07/02/201109:53SCIB/RDFSIF - The Standard Bank Of South Africa Limited - Interest Distribution
07/02/201109:51SCIB: RDFSTA - The Standard Bank Of South Africa Limited - Interest Distribution
07/02/201109:07 Telemasters - Changes to the board
07/02/201109:02 Central Rand Gold Limited - Toll treating
07/02/201109:00MND/MNP - Mondi Limited/Mondi plc - Mondi Swiecie S.A. intends to acquire Saturn
07/02/201109:00 Anglo Platinum Limited - Abridged audited financial report for the year
07/02/201108:25GEN - THEE/GEN/DYL - Please ignore announcement released earlier this morning
07/02/201108:00 AECI Limited - Revised trading statement
07/02/201108:00 Hudaco Industries Limited - Announcement regarding the acquisition of
07/02/201108:00 Harmony Gold Mining Company Ltd - Press release
07/02/201107:33 BHP Billiton Plc - Transaction in shares
07/02/201107:30 Sasol Limited - Listing of Sasol BEE ordinary shares on the BEE Segment of
07/02/201107:13 Gold One International - To present at The Jse Limited mining showcase
07/02/201107:05 Trans Hex Group Limited - Market Update
07/02/201107:05ABL - African Bank Investments - Trading update for the first quarter ended 31
07/02/201106:31GEN - FTSE/JSE Africa Index Series - Consolidated Infrastructure Group (South
07/02/201106:31THEE - The Competition Commission - Media Release

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