The Sharenet Daily 
Thursday, 10 March 2011 - 20:00
Sharenet is pleased to announce the launch of our new publication, The Sharenet Daily. We have built on the success of our Daily Equity Report, while adding more content and helpful information. The result is a publication that gives readers a quick, easy to read and informative synopsis of market activity, company results and news on the JSE for the day, as well as an overview of what transpired on important overseas markets.

The Sharenet Daily includes helpful charts that give a graphical impression of events, and our news content is sourced from a number of contributors, including Reuters. In addition, Sharenet's popular price information is available in our Spot Price format which provides a snapshot of the JSE and world indices, currencies and commodities.

All the JSE trading statistics; major movers; latest dividends; upcoming AGM dates and more are provided to insure that you keep abreast of market developments. The Sharenet Daily is published at 8pm each day on the website and also distributed via email for your convenience. As always, we welcome your comments, feedback and suggestions at
Top News
SA Business
Company News
Company Results
World Markets
JSE Today
JSE Trading Statistics
Major Moves
Spot Prices
Index Summary
Latest Consensus Changes / Results Expected
Recent Dividends / Ex Div
Upcoming AGMs
Stock Exchange News Service (SENS)

S.Africa stocks at 3-month lows, rand holds up better

By Tiisetso Motsoeneng and Stella Mapenzauswa

JOHANNESBURG (Reuters) - South Africa's shares tumbled to their lowest mark in more than three months on Thursday, with miners among the worst performers as global economic growth worries hit metal prices.

Government bonds fell slightly, and the rand also retreated against the dollar, although the currency held up relatively well considering the slide on the bourse, which could however weigh heavier if sustained in coming days.

Johannesburg's Top-40 blue-chip index fell 3.19 percent to 27,762.48 points, a trough last seen on December 3, 2010 and the biggest daily decline since May, 2010. All 40 stocks ended in the red.

The broader All-share index dropped 2.9 percent to 30,898.

"The downgrade of Spain really put pressure on us and commodity prices also fell as a result of that," said Byron Latter, an analyst at fund manager Vestact. "All this negative news has given investors an excuse to get out of risky assets such as stocks."

A rating agency downgrade of Spain reignited euro zone debt concerns and disappointing economic data from China and the United States heightened global growth worries.

In Johannesburg, African Rainbow Minerals slid 5.69 percent to 211.63 rand, Anglo Platinum lost 4.41 percent to 650.01 rand and Anglo American was 3.91 percent weaker at 343.96 rand.

Sanlam was off 3.16 percent at 26.63 rand, even after posting a 16 percent rise full-year profit.

At 1545 GMT the rand traded 0.58 percent softer at 6.9040 against the dollar after closing at 6.8640 on Wednesday.

"The rand had a relatively good day considering how strong the dollar is globally. Europe had the downgrade of Spain to contend with and sterling also lost significant ground but the rand seems pretty stable. That's why we improved significantly against the crosses," said Bidvest Bank chief dealer Ion de Vleeschauwer.

But he noted that 6.85/dollar remains an overhead resistance point for the rand, which briefly touched a session high of 6.8575/dollar on Thursday before quickly retreating on importer demand.

"The 6.85 level seems to be the line in the sand. We've struggled to get through that a few times, there seems to be lots of import orders staggered close to there so it's going to be tough for the rand to break," de Vleeschauwer said.

Part of the rand's fall came after release of data showing the manufacturing sector is still struggling to gain momentum after a contraction in 2009, meaning the central bank could hold off increasing interest rates this year despite rising inflationary pressures.

The yield on South Africa's benchmark 2015 government bond edged up 1.5 basis points to 7.88 percent, while that for the on the longer-dated 2026 issue added two basis points to 9.00 percent.

Thu, 10 Mar 2011
Top News
South Africa's shares tumbled to their lowest mark in more than three months on Thursday, with miners among the worst performers as global economic growth worries hit metal prices.  Full story

Gross property revenue rose marginally to R17.6 million (R17.3 million) and operating profit before capital items improved by 15% to R15.9 million (R13.8 million). Net profit attributable to equity holders of the company increased slightly to R13.9 million (R13.4 million), while headline ear  Full story
Libyan tanks fired on rebel positions in the oil port of Ras Lanuf and warplanes hit another oil hub further east on Thursday as Muammar Gaddafi carried counter-attacks deeper into the insurgent heartland.  Full story
The Dalai Lama said on Thursday he would step down as Tibet's political leader, a move seen as transforming the government-in-exile into a more assertive and democratic body in the face of Chinese pressure.  Full story
Yemen President Ali Abdullah Saleh, hoping to defuse increasingly violent protests against his 32-year rule, said on Thursday he would draw up a new constitution to create a parliamentary system of government.  Full story
World stocks and commodities sank on Thursday after an unexpected Chinese trade deficit fueled concerns about the global economy, while the euro fell after. . .  Full story
A downgrade for Spain's credit rating, violence in Libya and weak data from China and the U.S heaped pressure on Britain's top share. . .  Full story
U.S. stocks dropped more than 1 percent on Thursday and the S&P 500 fell through a key technical level amid global economic worries,. . .  Full story
Gold lost 1.5 percent on Thursday, set to post its biggest one-day loss in about six weeks, as investors sold bullion to cover. . .  Full story

European shares were lower on Thursday as renewed worries about peripheral euro zone economies overshadowed strong company earnings and weak Chinese data hit miners.. . .  Full story
Gold tracked oil higher on Thursday as investors waited to see if the international community would agree to a "no-fly" zone for Libya,. . .  Full story
Japan's Nikkei average fell to a five-week low on Thursday, breaking below a key support level after an overnight rise in oil prices. . .  Full story
China's main stock index closed down 1.5 percent on Thursday as worries of liquidity tightening hit financial stocks.. . .  Full story
SA Business
Growth in South Africa's manufacturing output quickened to 1.3 percent year-on-year in volume terms in January compared with a 0.2 percent expansion in December, Statistics South Africa said on Thursday.. . .  Full story
South Africa's gold output rose 15.1 percent in volume terms in January while total mineral production rose 4.3 percent compared with the same month a year earlier, data showed on Thursday.. . .  Full story
South Africa's rand was weaker in early Thursday trade, hovering around key technical levels, and bonds slipped ahead of manufacturing data that should give pointers to first quarter economic growth.. . .  Full story

Investors banking on an across-the-board rise in commodity prices this year are setting themselves up for a fall and they should instead be. . .  Full story
The Johannesburg Stock Exchange has warned companies to tighten procedures around announcing results after Reuters reported FirstRand results a day early when they appeared. . .  Full story
The Johannesburg Stock Exchange has warned companies to tighten procedures around announcing results after Reuters reported FirstRand results a day early. . .  Full story
Etisalat Nigeria said on Thursday it had sealed agreements for a $650 million syndicated loan with eight local banks to expands. . .  Full story

South Africa's Richards Bay Minerals (RBM), a Rio Tinto-BHP Billiton joint venture, plans to build a large plant with operations expected. . .  Full story
South Africa's Coronation Fund Managers is ready to chase after bargains with a "meaningful amount" in north Africa after an uprising. . .  Full story
Soaring commodity prices are boosting African economies and state budgets, but strong growth on the poorest continent is much more deep-seated than just bumper. . .  Full story
. . .  Full story
Company News
Steinhoff International Holdings Ltd ("SIHL") this morning announced the launch of its offering of senior unsecured guaranteed convertible bonds due March. . .  Full story
Cadiz advised shareholders that with effect from 9 March 2011 Ray Cadiz has, for personal reasons, resigned as chairman and will. . .  Full story
The board of directors of RACEC have resolved to declare a final dividend of 2.5 cents per share for the year. . .  Full story
Notification was given of the following changes to Putprop's board of directors: *Mr Albino Carleo, after 23 years of service, has. . .  Full story

Shareholders are advised that Dr Vincent Maphai has resigned as an independent non-executive director of Tongaat Hulett with effect from 8. . .  Full story
ELB is currently finalising its results for the six months ended 31 December 2010, which should be released on SENS on. . .  Full story
According to Business Report, Shoprite's acquisition of Metcash Trading Africa's franchise stores will help expand the group's footprint The Metcash franchise. . .  Full story
Further to the announcement released on SENS, the net asset value and net tangible asset value should for December 2010 should. . .  Full story
Company Results
Revenue for the interim period ended 31 December 2010 dropped to R1.2 billion (December 2009: R1.4 billion) and an operating loss. . .  Full story
Revenue for the year ended 31 December increased to R114.7 billion (2009: R111.9 billion), and profit before income tax rose to. . .  Full story
Net income amounted to R24.4 billion for MMI's maiden interim results as a merged entity. Net attributable profit was R1.1 billion. . .  Full story
Income for the interim period ended 31 December 2010 increased to R1.490 billion (2009: R1.193 billion), while operating profit rose by. . .  Full story
World Markets
NameTimeRPMove% Move
JSE Overall17:0030898.94-921.43-2.90%
JSE Top 4017:0027762.48-915.17-3.19%
JSE Gold17:002614.49-93.71-3.46%
JSE Financial17:0020724.42-384.08-1.82%
JSE Industrial17:0030855.09-817.34-2.58%
JSE Indust 2517:0025803.49-749.59-2.82%
JSE Resource17:0054752.46-2105.63-3.70%
DJ Futures19:4611975.00-199.00-1.63%
DJ Ind19:4112035.77-177.32-1.45%
SP 50019:101303.15-16.11-1.22%
FTSE 10018:355845.29-92.01-1.55%
All Ords07:434791.30-71.90-1.48%
NZSE 5006:323406.24-8.19-0.24%
NameTimeRPMove% Move
Gold/R kg19:56312503-3075-0.97%
Brent Crude19:56113.89-1.04-0.90%
Rand / Dollar19:586.88230.02370.35%
Rand / Pound19:5511.0532-0.0326-0.29%
Rand / Euro19:559.5370-0.0045-0.05%
Rand / NZD19:565.08170.02930.58%
Rand / AUD19:556.9215-0.0170-0.25%
Yen / Dollar19:5182.96000.18000.22%
Euro / Dollar19:550.72370.00480.67%
Dollar / Euro19:581.3819-0.0088-0.63%
Pound / Dollar19:550.62260.00570.92%

Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 PALCAP  285259.62.%299823
2 AFEAGLE  150107.14.%17900
3 AFRO-C  185105.71.%74200
4 TREMATON  15085.63.%5000
5 INVICTA  44902104.91.%27419
6 ELBGROUP  1755704.15.%11519
7 BWI  10543.96.%85900
8 COMAIR  23083.60.%53868
9 ERBACON  12543.31.%2000
10 ARB  320103.23.%35479
11 VALUE  390102.63.%69076
12 METROFILE  19952.58.%36776
13 VILLAGE  21052.44.%2500
14 ROLFES  17242.38.%8190
15 KAP  22552.27.%44000
16 PERGRIN  1051212.04.%52029
17 CIPLAMED  715142.00.%430709
18 MVELAGRP  31861.92.%446278
19 VIVIDEND  48091.91.%58400
20 PETMIN  30051.69.%188271

Click here for more Major Moves...
Major Moves Down
SharenameSaleMove% MoveVolume
1 AQUARIUS  3883-373-8.76.%42995
2 EASTPLATS  1025-90-8.07.%112061
3 AVUSA  2000-170-7.83.%184132
4 PBT  120-10-7.69.%2722
5 MASONITE  2800-200-6.67.%10000
6 ARM   20350-1228-5.69.%669887
7 ITLTILE  420-25-5.62.%1671
8 DCENTRIX  511-29-5.37.%6150
9 TRADEH  710-40-5.33.%5000
10 COAL  919-51-5.26.%95665
11 GBGOLD  1700-90-5.03.%1020
12 ANOORAQ  817-42-4.89.%36814
13 MRPRICE  5895-275-4.46.%1050823
14 ANGLOPLAT  65001-2999-4.41.%583945
15 DORBYL  285-13-4.36.%68000
16 SACOIL  225-10-4.26.%1678597
17 LITHA  248-11-4.25.%399908
18 LONMIN  19140-842-4.21.%110843
19 MVELARES  3690-157-4.08.%267991
20 ANGGOLD  31452-1336-4.07.%1243994

Click here for more Major Moves...

New Highs
SharenameSaleHighMove% MoveVolume
1 AFRO-C  185190105.71.%74200

Click here for more Major Moves...
New Lows
SharenameSaleLowMove% MoveVolume
1 MASONITE  28002800-200-6.67.%10000
2 RBPLAT  61006022-211-3.34.%325866
3 STANBANK  96109599-140-1.44.%4134902
4 TELEMASTR  1301110.35120
5 DELTA  7757550.8320
6 RMIH  12151150151.25.%2057649

Click here for more Major Moves...

Index Summary
Index NameRPMove% Move
Top 4027,762.48-915.17-3.19%
Mid Cap40,152.56-522.16-1.28%
Small Cap31,335.48-250.00-0.79%
Resource 2054,752.46-2105.63-3.70%
Industrial 2525,803.49-749.59-2.82%
Financial 157,839.18-165.51-2.07%
Financial & Ind. 3028,958.92-809.10-2.72%
All Share30,898.94-921.43-2.90%
Oil & Gas 27,084.02-1139.77-4.04%
Mining 35,864.72-1359.67-3.65%
Gold Mining2,614.49-93.71-3.46%
Platinum Mining73.04-2.93-3.86%
Oil & Gas Producers 14,562.58-612.83-4.04%
Basic Materials 30,284.54-1122.21-3.57%
Chemicals 13,198.18-111.80-0.84%
Forestry & Paper 13,711.04-370.59-2.63%
Industrial Metals 29,593.55-987.62-3.23%
Industrials 26,626.01-744.02-2.72%
General Industrials 72,674.24-2670.55-3.54%
Consumer Goods 25,244.20-659.40-2.55%
Automobiles & Parts 3,
Household Goods153.22-4-2.82%
Health Care 30,805.65-281.63-0.91%
Beverages 77,307.09-2176.75-2.74%
Food Producers 46,165.64-491.27-1.05%
Index NameRPMove% Move
Personal Goods 392.51-11.09-2.75%
Consumer Services 51,722.36-1303.84-2.46%
General Retailers 38,121.40-817.54-2.10%
Travel & Leisure 3,689.02-47.04-1.26%
Media 85,195.06-2951.59-3.35%
Support Services 2,377.36-16.35-0.68%
Telecommunications 62,026.25-2051.72-3.20%
Financials 20,724.42-384.08-1.82%
Banks 38,143.37-661.07-1.70%
Non-life Insurance 31,160.08-363.74-1.15%
Life Insurance 15,885.38-443.50-2.72%
General Financial 2,199.87-45.81-2.04%
Technology 20,280.2510.930.05%
SHARIAH TOP40 3,123.27-116-3.60%
FTSE/JSE SHARIAH ALL3,178.38-112-3.40%
COAL MINING20,980.73-426-1.99%
FTSE JSE Fledgling 4,571.72-28-0.60%
FTSE/JSE Alt X 1,082.65333.13%
CAPPED PROPERTY 298.46-0.70%
RESOURCE 30,127.24-1159-3.70%
DIVIDEND PLUS161.52-3-1.63%
FTSE/JSE RAFI 406,485.64-204-3.05%
Capped Top 4014,449.80-469-3.14%
Capped All Share15,547.86-459-2.86%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
11 Mar 2011MMI HLDGSDecember 2010 (Final)
14 Mar 2011AVENGDecember 2010 (Interim)
14 Mar 2011BELLDecember 2010 (Final)
14 Mar 2011CLOVERDecember 2010 (Interim)
14 Mar 2011CLOVERPREFDecember 2010 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
AMAPS11-03-0411-03-2511-04-01R 0.0400
ASTRAPAKP11-03-0411-03-2511-04-04R 3.4269
SPURCORP11-03-0311-03-1711-03-28R 0.3300
STANBANK-P11-03-0311-03-2511-04-04R 3.3790
STANBANK6.511-03-0311-03-2511-04-04R 0.0325
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ABSABANK-P11-02-1511-03-0411-03-14R 28.8760
ANGLOPLAT11-02-0711-03-0411-03-14R 6.8300
HUDACO11-01-2811-03-0411-03-14R 2.3500
ABSA11-02-1511-03-0411-03-14R 2.3000
ASSORE11-02-1611-03-0411-03-14R 2.0000

Upcoming AGMs**
CodeCompany NameDateStatus
FWDFreeworld Coatings Ltd10/03/2011Confirmed

Stock Exchange News Service
10/03/201117:50 Steinhoff International Holdings Limited - Pricing of Convertible Bonds
10/03/201117:44JCD - JCI Limited - Cautionary Announcement
10/03/201117:44 Exxaro Resources Limited - Acceptance of conditional awards released in
10/03/201117:43 Exxaro Resources - Trading of Exxaro ordinary shares on behalf of the
10/03/201117:42 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
10/03/201117:41 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
10/03/201117:40 Exxaro Resources Limited - Dealings by a director of Exxaro
10/03/201117:39 Wescoal Holdings Limited - Director Dealing in Securities
10/03/201117:28 Cadiz Holdings Limited - Appointment of Chairman
10/03/201117:26 Universal Industries Corporation - Audited results for the year ended 31
10/03/201117:10 Rainbow Chicken Limited - Dealings in securities by a director of a major
10/03/201117:00 Gold Fields Limited - Dealing in securities
10/03/201117:00CCO - Capital & Counties Properties PLC - Annual Financial report and notice of
10/03/201116:51 Anglo American plc - Anglo American Long Term Incentive Plan
10/03/201116:44 Randgold & Exploration Company Limited - Summarised financial results of
10/03/201116:26 Decillion Limited - No change statement and notice of Annual General
10/03/201116:21 RACEC Group Limited - Declaration of Dividend
10/03/201116:08 Randgold & Exploration Company Limited - Cautionary Announcement
10/03/201116:00 Fairvest Property Holdings Limited - Distribution timetable correction
10/03/201116:00 Sabmiller Plc - Notification of transactions of directors, persons
10/03/201115:59 MTN Group Limited - Announces leadership changes in its Africa
10/03/201115:04 Group Five Limited - Dealing in securities by directors of a major
10/03/201115:03PAP / CPL - Pangbourne Properties Limited / Capital Property Fund - Acquisition
10/03/201114:53 Putprop Limited - Change to the board of directors
10/03/201113:56 Fairvest Property Holdings Limited - Condensed consolidated results for
10/03/201113:44 Tongaat Hulett - Resignation of non-executive director
10/03/201113:30 Putprop Limited - Unaudited interim results for the six months ended 31
10/03/201113:16ELR/ELRP - ELB Group Limited - Trading Statement
10/03/201113:11 Sable Holdings Limited - Transfer of Sable`s Listing from the main board
10/03/201113:00 Capital Shopping Centres Group Plc - Directors` and PDMRs` shareholdings
10/03/201112:58ACT/ ACTP - AfroCentric - Trading Statement
10/03/201112:35 Paladin Capital Limited - Cautionary Announcement
10/03/201110:14 RBA Holdings Limited - Clayville Acquisition Agreement Lapsed
10/03/201109:33SCIB : MTNSTE - The Standard Bank Of South Africa Limited - Dividend
10/03/201109:31SCIB/MTNSID - The Standard Bank of South Africa Limited - Dividend announcement
10/03/201109:23 Mvelaserve Limited - Unaudited condensed consolidated financial results
10/03/201109:04GEN - FTSE/ JSE Africa Index Series - Quarterly Review
10/03/201109:00 Steinhoff International Holdings Limited - Issue of EUR 450 Million
10/03/201109:00 Datatec Limited - Pre-close year end statement
10/03/201108:24 Wesizwe Platinum Limited - Changes to the board
10/03/201108:10 Erbacon Investment Holdings Limited - Dealing in securities by an
10/03/201108:01 Mvelaserve - Unaudited condensed consolidated financial results for the
10/03/201108:00 Distribution and Warehousing Network Limited - Unaudited interim results
10/03/201108:00 Sanlam Group - Audited Results for the year ended 31 December 2010
10/03/201107:30 Metrofile Holdings Limited - Unaudited group results for the six months
10/03/201107:16 UCS Group Limited - Provisional unbundling entitlement ratio
10/03/201107:15 Anglo American Bonus Share Plan - "BSP"
10/03/201107:10 British American Tobacco P.L.C - Transaction in own shares
10/03/201107:07 BHP Billiton Plc - Transaction in shares

Click here for more SENS news