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 Issue: 21 February 2011 20:00

S.Africa's rand steady against dollar, stocks gain

By Stella Mapenzauswa and Gugulakhe Lourie

JOHANNESBURG (Reuters) - South Africa's rand was little changed from last week's closing levels against the dollar on Monday, with central bank intervention helping stem gains in the currency despite support from stronger commodity prices.

Government bonds retreated slightly, with the market treading cautiously -- particularly in the case of longer-dated paper -- ahead of Wednesday's 2011/12 budget speech, while stocks snapped a four-day losing streak, boosted by gold shares.

At 1549 GMT the rand traded at 7.1535 to the greenback, barely moved from Friday's close at 7.14 but off Monday's strongest level of 7.1196.

"The rand has traded a little bit stronger (but) we did see a bit of the hand of Gill (Reserve Bank Governor Gill Marcus) at about 7.14," said Brigid Taylor, head of institutional sales at Nedbank Capital.

"I think a lot of the market is very nervous about the fact that they know the Reserve Bank is in there ... It just slows down the momentum to further rand strength. I think 7.10 at the moment is pretty bottom-ish for now."

Government bonds sold off slightly ahead of the budget, although traders saw a possible recovery after Wednesday's budget if Finance Minister Pravin Gordhan announces a narrower deficit as expected.

The yield on the 2015 added one basis point to 7.685 percent and that for the longer-dated 2026 was up 2.5 basis points at 8.86 percent.

The government will aim for a budget deficit of 4.5 percent of gross domestic product for the fiscal year ending March 2012, from an estimated 5.3 percent in the previous year, economists polled by Reuters last Friday said.

Foreigners have dumped local bonds this year, reversing a trend seen over the last two years when foreign inflows helped the rand appreciate about 25 percent.

Data from JSE exchange on Monday showed foreigners have sold a net 5.6 billion rand of bonds to date this year compared with net purchases of 3.5 billion over the same period in 2010.

The JSE Top-40 index of blue chips bounced 0.94 percent to end at 29,569.03 on Monday, while the broader All-share index climbed 0.9 percent to 32,806.67.

"Gold shares are really driving the market at the moment," Ferdi Heyneke, a fund manager at Afrifocus Securitries, said.

Harmony Gold starred amongst the blue-chips, jumping 6.28 percent to 84.49 rand while rival Gold Fields climbed 3.77 percent to 124.40 rand.

Other miners also rose, with AngloGold Ashanti up 3.45 percent to 351.74 rand and platinum producer Lonmin adding 1.11 percent to 215.26 rand.

Papermaker Mondi increased 2.19 percent to 62.95 rand after posting a fourfold surge in annual profit. Truworths, South Africa's biggest listed clothing retailer, rose 1.97 percent to 66.79 rand after it reported a 19 percent rise in first-half profit.

Mon, 21 Feb 2011

South African truckers ended their week-long strike on Monday after accepting an above inflation salary increase of 9 percent, union officials and employers said.  Full story
Net income increased by 12% to R775.3 million (R691.6 million). Net attributable profit rose by 12% to R86.6 million (R77.1 million). In addition, headline earnings per share grew by 12% to 26.69cps (23.76cps). Prospects Management believes a firm foundation for future growth and value  Full story
Floods in South Africa have cost the farming sector about 2.8 billion rand ($392 million) in damages, and farmers are hoping for a government bailout, an industry official said on Monday.  Full story
Record-high commodity prices have spurred a broad retreat from emerging markets but some investors are bucking the trend, sifting through these economies in search of selective winners from the rising cost of foodstuffs.  Full story

Group revenue for the period under review, grew by 12.4%, from R458.4 million to R515.3 million. Net attributable profit was up. . .  Full story
South Africa has concluded a deal to farm 172,000 hectares of land in the Republic of Congo but has stalled similar. . .  Full story
South Africa's Wilson Bayly Holmes Ovcon Ltd posted a 19 percent drop in half-year profit, hurt by the slowdown in construction. . .  Full story
Revenue from continuing operations for the interim period increased 51% to R346.3 million (R229.3 million) on the back of a significant. . .  Full story

Trading Statistics


Major Moves Up
SharenameSaleMove% MoveVolume
1 AMECOR  1741811.54.%1517
2 AFRO-C  1721710.97.%79590
3 HOSP-B  979596.41.%1129
4 HARMONY  84494996.28.%3363370
5 ONELOGIX  13575.47.%4300
6 EQSTRA  663335.24.%189495
7 SACOIL  19494.86.%7202821
8 RANGOLD  300134.53.%1275
9 FAMBRANDS  39821724.51.%280193
10 CBH  365154.29.%24400
11 GFIELDS  128404663.77.%2708949
12 ESORFRANK  19573.72.%137466
13 ANGGOLD  3517411743.45.%1204489
14 TELKOM  36491193.37.%2907335
15 PSG  43001403.37.%50248
16 WOOLIES  2645853.32.%7450123
17 GBGOLD  2040603.03.%4000
18 OPTIMUM  3400972.94.%52885
19 SASOL  3748310332.83.%2001520
20 ASSORE  214005852.81.%20457

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Major Moves Down
SharenameSaleMove% MoveVolume
1 SOVFOOD  550-50-8.33.%79788
2 BELL  1320-80-5.71.%10711
3 FAIRVEST  110-5-4.35.%20315
4 UCS  210-9-4.11.%505486
5 BWI  103-4-3.74.%219200
6 BASREAD  1069-41-3.69.%217749
7 WBHO  12023-377-3.04.%129559
8 PBT  102-3-2.86.%218866
9 VILLAGE  210-6-2.78.%19999
10 VIVIDEND  475-13-2.66.%12000
11 EASTPLATS  1202-32-2.59.%6460
12 CITYLDG  6830-170-2.43.%45432
13 ALTRON  2680-65-2.37.%88217
14 ELLIES   207-5-2.36.%10200
15 AFEAGLE  167-4-2.34.%66700
16 S-OCEAN  225-5-2.17.%116900
17 GROUP-5  3080-66-2.10.%66165
18 NEPI  3085-64-2.03.%195384
19 VERIMARK  145-3-2.03.%98715
20 REDEFINE  733-14-1.87.%2624563

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New Highs
SharenameSaleHighMove% MoveVolume
1 GFIELDS  12840128794663.77.%2708949
2 PSG  430043851403.37.%50248
3 NICTUS  11811832.61.%5154
4 PINNACLE  710750101.43.%167446
5 REMGRO  11539115801301.14.%1094615
6 CIPLAMED  77780020.26.%1030518

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New Lows
SharenameSaleLowMove% MoveVolume
1 PPC  28452808-5-0.18.%857295

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Spot Prices
NameTimeRPMove% Move
JSE Overall17:0032806.67292.640.90%
JSE Top 4017:0029569.03276.180.94%
JSE Gold17:002860.19107.833.92%
JSE Financial17:0021645.03131.210.61%
JSE Industrial17:0032270.16200.850.63%
JSE Indust 2517:0026955.63172.520.64%
JSE Resource17:0059462.13762.541.30%
DJ Futures18:4612298.00-77.00-0.62%
DJ Ind18/0212391.2573.110.59%
SP 50018/021343.012.580.19%
FTSE 10018:356014.80-68.19-1.12%
All Ords07:384990.90-35.20-0.70%
NZSE 5006:323381.93-30.81-0.90%
NameTimeRPMove% Move
Gold/R kg20:0032342061341.93%
Brent Crude19:56104.862.622.56%
Rand / Dollar19:587.15520.04020.57%
Rand / Pound19:5511.56890.02790.24%
Rand / Euro19:559.77800.02760.28%
Rand / NZD19:575.45250.02410.44%
Rand / AUD19:557.2185-0.0133-0.18%
Yen / Dollar19:5883.12000.02000.02%
Euro / Dollar19:550.73130.00110.15%
Dollar / Euro19:581.3673-0.0015-0.11%
Pound / Dollar19:550.61630.00090.15%

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Index Summary
Index NameRPMove% Move
Top 4029,569.03276.180.94%
Mid Cap41,937.27285.860.69%
Small Cap32,472.94146.200.45%
Resource 2059,462.13762.541.30%
Industrial 2526,955.63172.520.64%
Financial 158,216.4552.250.64%
Financial & Ind. 3030,307.93193.550.64%
All Share32,806.67292.640.90%
Oil & Gas 28,422.55784.662.84%
Mining 39,144.80418.181.08%
Gold Mining2,860.19107.833.92%
Platinum Mining82.06.730.90%
Oil & Gas Producers 15,282.28421.902.84%
Basic Materials 32,922.50337.201.03%
Chemicals 13,486.4573.100.54%
Forestry & Paper 14,577.35215.381.50%
Industrial Metals 30,547.88-26.99-0.09%
Industrials 28,802.92215.920.76%
General Industrials 79,520.01876.151.11%
Consumer Goods 26,807.3832.930.12%
Automobiles & Parts 2,830.57-9.06-0.32%
Household Goods158.8821.34%
Health Care 32,051.08192.500.60%
Beverages 83,379.43-116.19-0.14%
Food Producers 47,659.69284.790.60%
Index NameRPMove% Move
Personal Goods 413.99.500.12%
Consumer Services 53,759.57713.701.35%
General Retailers 39,835.12646.291.65%
Travel & Leisure 3,972.92-16.10-0.40%
Media 88,727.17896.651.02%
Support Services 2,544.1522.060.87%
Telecommunications 61,820.22369.240.60%
Financials 21,645.03131.210.61%
Banks 40,105.79362.360.91%
Non-life Insurance 31,281.33329.791.07%
Life Insurance 16,530.30126.680.77%
General Financial 2,332.7213.250.57%
Technology 20,524.74258.201.27%
SHARIAH TOP40 3,344.48381.16%
FTSE/JSE SHARIAH ALL3,396.91371.10%
COAL MINING21,884.962751.27%
FTSE JSE Fledgling 4,682.92-29-0.62%
FTSE/JSE Alt X 1,088.2640.33%
CAPPED PROPERTY 305.64-0.27%
RESOURCE 32,715.974201.30%
DIVIDEND PLUS169.4010.86%
FTSE/JSE RAFI 406,898.87681.00%
Capped Top 4015,354.371511.00%
Capped All Share16,488.111510.92%

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Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
22 Feb 2011AECIDecember 2010 (Final)
22 Feb 2011AECI 5.5%PDecember 2010 (Final)
22 Feb 2011ARMDecember 2010 (Interim)
22 Feb 2011DEFCAPDecember 2010 (Interim)
22 Feb 2011DELTADecember 2010 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
HUDACO11-01-2811-03-0411-03-14R 2.3500
CBH11-01-2711-05-0611-05-16R 0.1110
SBRJSEP1110-12-1511-03-0411-03-15R 1.4100
TFG PREF10-11-1611-03-1711-03-28R 0.0650
PARACON10-11-1511-03-0411-03-14R 0.1000
Ex Div**
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
DIALOGUE11-01-1311-02-1811-02-28R 0.1238

Upcoming AGMs**
CodeCompany NameDateStatus
KELKelly Group Ltd23/02/2011Unconfirmed
CULPCullinan Holdings Ltd25/02/2011Confirmed
CUP3Cullinan Holdings Ltd25/02/2011Confirmed
VOXVox Telecom Ltd25/02/2011Unconfirmed
CULCullinan Holdings Ltd25/02/2011Confirmed

Stock Exchange News Service
21/02/201117:50 Anglo American plc - Director`s / PDMR`s Interests
21/02/201117:37ABL - African Bank Investments Limited - Proposed placing and issue of up to 15
21/02/201117:10 South African Coal Mining Holdings Limited - Result of mandatory offer
21/02/201117:04 Esorfranki Limited - Directors` Dealings
21/02/201117:02 Kagiso Media Limited - Unaudited Financial Statements for the period
21/02/201117:00 Witwatersrand Consolidated Gold Resources Limited - Dealings in Securities
21/02/201117:00 Bowler - Trading statement
21/02/201117:00 Clientele Limited - Summarised group results for the six months ended 31
21/02/201116:52 Quantum Property Group Limited - Dealings in securities by director
21/02/201116:46 WG Wearne Limited - Results of general meeting and change in directors`
21/02/201116:37 Hyprop Investments Limited - Change to the board of directors
21/02/201116:22 Fountainhead Property Trust - Rights offer declaration announcement
21/02/201116:21RMI - Rand Merchant Insurance Holdings Limited - Abridged pre-listing
21/02/201115:41 Massmart - Competition tribunal hearing dates
21/02/201115:30 SacOil - Public Investment Corporation ("PIC") takes a strategic stake in
21/02/201115:15 Dialogue Group Holdings Limited - Specific Payment - Salient Dates
21/02/201114:58 Thabex Limited - Update To Shareholders - Monastery Kimberlite Project
21/02/201114:45RTO/RTN/RTOP - Rex Trueform - Trading statement
21/02/201114:45AOO/AON/AOVP - African and Overseas Enterprises Limited - Trading Statement
21/02/201114:40MND/MNP - Mondi - 2010 Final Dividend ZAR/euro Exchange Rate
21/02/201114:19 SA French Limited - Results of annual general meeting
21/02/201114:17 PBT Group Limited - Dealings in securities by directors and associates
21/02/201114:02 Digicore Holdings Limited - Digicore rights offer results
21/02/201113:03EXT - Extract Resources Limited - General Meeting of Shareholders
21/02/201112:50SOV - Sovereign Food Investments Limited - Posting of rights offer circular
21/02/201112:50 Truworths International Limited - Unaudited group interim results for the
21/02/201112:03RDFIVC - Investec Warrants - Declared interest distribution announcement on
21/02/201112:02RDFIVB - Investec Warrants - Declared interest distribution announcement on
21/02/201111:08 Pangbourne Properties Limited - Correction to commentary accompanying
21/02/201110:15 First Uranium Corporation - First Uranium Corporation Financial Update
21/02/201110:00 Wilson Bayly Holmes - Unaudited financial results for the six months
21/02/201109:40 African Dawn Capital Limited - Changes to the board of directors
21/02/201109:00MND / MNP - Mondi Limited / Mondi plc - Full year results for the year ended 31
21/02/201108:28 Medi-Clinic Corporation Limited - Dealing in securities by director of
21/02/201108:25 Taste Holdings Limited - Dealings in securities
21/02/201108:00 OneLogix Group Limited - Unaudited condensed consolidated interim
21/02/201108:00STX40 - SATRIX 40 Portfolio - Partial delisting of SATRIX 40 securities
21/02/201108:00 Famous Brands Limited - Famous Brands` leisure strategy continues to
21/02/201107:15 Eqstra Holdings Limited - Unaudited interim results for the six months
21/02/201107:05GEN - Kansai - Announcement regarding the closing of Kansai`s offer to the

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