The Sharenet Daily 
Monday, 14 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.

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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.African stocks fall led by Kumba, bonds gain

By Tiisetso Motsoeneng and Vuyani Ndaba

South African stocks fell on Monday, in line with global equities, with miner Kumba the worst performer among blue chips as the deadline passed for investors to receive its next dividend payout.

Government bonds firmed due to a sell-off in the equity market as worries about Japan's earthquake increased risk aversion from global companies and drove investors to bonds instead.

Johannesburg's Top-40 blue-chip index dropped 1.02 percent to 27,784.85 points and the broader All-share index fell 0.95 percent to 30,878.58.

"Japan is the new issue on the radar screen right now," said Imara SP Reid's trader Garth McKenzie, adding that the earthquake in the world's third-largest economy could hit commodity prices in the short-term and possibly stall global economic recovery.

Johannesburg's index was also weighed by the "ex-dividend effect" as shares of companies such as Kumba Iron Ore, Growthpoint and Shoprite started trading without the rights to their next dividend payouts.

Ore miner Kumba slumped 6.3 percent to 429.05 rand, property group Growthpoint lost 4.65 percent to 16.50 and grocer retailer Shoprite gave up 2.99 percent to 95 rand.

In the news, JD Group slumped 4.91 percent to 44 rand after the furniture retailer said it would issue new shares to buy the domestic retail unit of rival Steinhoff, whose shares ended little changed.

The heightened risk aversion in equity markets pushed investors to safer bets such as government debt.

Yields pushed lower with that on the shorter-dated 2015 paper falling 4.5 basis points to 7.835 percent and that on the 2026 notes down just 1.5 basis points to 8.985 percent.

"There might be a bit of a portfolio shift from equities into bonds in the aftermath of the earthquake," said Ion de Vleeschauwer, chief dealer at Bidvest Bank.

"Companies will struggle a tad, globally especially, there could be production issues from companies in Japan."

Analysts said the shorter end of the curve was also well supported by interbank trading.

On the currency front, the rand also gained slightly against the dollar on the day. The local currency was 0.3 percent firmer at 6.8613 against the dollar as of 1542 GMT. It closed at 6.8820 in New York on Friday.

Finance Minister Pravin Gordhan criticised the impact of hot capital flows into the country.

"We've observed that we have hot capital flows. That's not good because it appreciates your currency. What it does is it creates volatility in flows and economic instability," Gordhan said at an investment professionals' conference in Johannesburg.

The currency has appreciated 28 percent since the beginning of 2009, partly due to increased capital flows seeking higher yield in emerging markets like South Africa, in the wake of accommodative monetary policy in developed nations.

Mon, 14 Mar 2011
Top News
South Africa's gold production fell 6.4 percent in 2010, an industry body said on Monday, moving the country further away from its former status as the world's largest producer.  Full story

South African supplier of heavy duty equipment and articulated vehicles Bell Equipment swung to a full-year profit on Monday helped by cost cuts and stronger demand.  Full story
Japan scrambled to avert a meltdown at a stricken nuclear plant on Monday after a hydrogen explosion at one reactor and exposure of fuel rods at another, just days after a devastating earthquake and tsunami that killed at least 10,000 people.  Full story
Muammar Gaddafi's jets bombed Libyan rebels on Monday, aiding a counter-offensive that has pushed insurgents 100 miles (160 km) eastwards in a week, as France pressed for a no-fly zone "as fast as possible."  Full story
Saudi Arabia sent troops into Bahrain on Monday to help put down weeks of protests by the Shi'ite Muslim majority, a move opponents of the Sunni ruling family on the island called a declaration of war.  Full story
U.S. stocks fell 1 percent on Monday as the effects of Japan's earthquake and tsunami sparked caution on Wall Street, which is likely. . .  Full story
Gold prices rose on Monday, as a nuclear crisis in Japan and heightened political unrest across the Arab world triggered safe-haven buying.. . .  Full story
Britain's FTSE 100 share index hit a fresh three-month closing low on Monday, with some sectors seen vulnerable to further falls as the. . .  Full story
World stocks fell to six-week lows on Monday on fears over the global economic impact from Japan's devastating earthquake and tsunami and as officials. . .  Full story

European shares fell on Monday to their lowest level in three months, pressured by the impact of the earthquake and tsunami in Japan.. . .  Full story
Hong Kong and China shares edged higher on Monday with coal and steel plays rising as investors scoured damage reports from Japan after. . .  Full story
Bullion rose as much as 1 percent on Monday as Japan battled to prevent a nuclear catastrophe after a massive earthquake and tsunami,. . .  Full story
China's main stock index closed up 0.1 percent on Monday in the wake of Japan's devastating earthquake on Friday.. . .  Full story
SA Business
South Africa's rand weakened against the dollar on Monday and was expected to be under pressure from general risk aversion in markets as investors worried about the aftermaths of the earthquake and tsunami in Japan.. . .  Full story

There is little risk that the political crisis in North Africa could spread to the sub-Sahara region, but escalating oil and. . .  Full story
UK-based Sun Biofuels plans to produce 2 million liters of fuel from its jatropha plantations in Mozambique's central Manica province by. . .  Full story
South Africa's sovereign rating, revised upwards to stable from negative in January, could improve further over the long term, a senior. . .  Full story
Nationalisation of South Africa's mines and other economic assets is not government policy, Finance Minister Pravin Gordhan said on Monday in the latest government. . .  Full story

South African-based furniture retailer Steinhoff will take a 26 percent stake in JD Group making it the top shareholder and giving. . .  Full story
South Africa's maize futures edged lower on Monday, depressed by a stronger rand and in line with a fall in international. . .  Full story
Gold and uranium producer First Uranium Corp said an employee of the company died on Saturday after an accident at its. . .  Full story
South African dairy foods maker Clover reported a sharp rise in first-half earnings on Monday as sales climbed and said it. . .  Full story
Company News
Shareholders are advised that Mvelaphanda has entered into negotiations, which if successfully concluded may have a material effect on the price. . .  Full story
Shareholders are advised that Mvelaphanda's: *Headline earnings per share for the six months ended 31 December 2010 is expected to decrease. . .  Full story
Cadiz shareholders are advised that as a result of the continued difficult trading conditions mainly in our securities business unit for. . .  Full story
Shareholders were referred to the article in the Business Day today regarding a disgruntled contractor, Sutha Civils ("Sutha"), which claims R15.2. . .  Full story

Shareholders are referred to the cautionary announcement, dated 03 February 2011, and are advised that Trustco's subsidiary, Trustco Mobile (Pty) Ltd,. . .  Full story
Shareholders are advised that:. . .  Full story
Steinhoff Africa is a diversified business with three clear business clusters comprising:. . .  Full story
First Uranium has announced that on March 12, 2011 a fall of ground accident occurred on 33 level underground at the. . .  Full story
Company Results
Revenue remained stable at R16.9 billion (2009: R16.8 billion). Operating profit before depreciation and amortisation declined by 14% to R1.1 billion. . .  Full story
Revenue increased from R2.7 billion to R3.4 billion in 2010. Gross profit increased to R726.5 million (2009: R535.1 million) and operating. . .  Full story
Revenue amounted to R3.3 billion for Clover's maiden interim results as listed company. Operating profit was R176 million and net attributable. . .  Full story
Revenue increased by 21% to R491.1 million (R407.3 million. Operating profit increased from R12.2 million for the six months ended December. . .  Full story
World Markets
NameTimeRPMove% Move
JSE Overall17:0030878.58-295.28-0.95%
JSE Top 4017:0027784.85-285.81-1.02%
JSE Gold17:002651.26-11.04-0.41%
JSE Financial17:0020733.22-73.41-0.35%
JSE Industrial17:0030846.29-314.74-1.01%
JSE Indust 2517:0025833.97-289.85-1.11%
JSE Resource17:0054669.84-639.37-1.16%
DJ Futures19:5211865.00-138.00-1.15%
DJ Ind19:2511917.32-127.08-1.06%
SP 50019:001287.20-17.08-1.31%
FTSE 10018:355775.24-53.43-0.92%
All Ords07:364710.10-24.70-0.52%
NZSE 5006:323361.20-21.64-0.64%
NameTimeRPMove% Move
Gold/R kg19:5631304817970.58%
Brent Crude19:56113.22-.48-0.42%
Rand / Dollar19:596.8363-0.0243-0.35%
Rand / Pound19:5511.0134-0.0011-0.01%
Rand / Euro19:559.5569-0.0293-0.31%
Rand / NZD19:585.0502-0.0378-0.74%
Rand / AUD19:556.8983-0.0560-0.81%
Yen / Dollar19:5681.6200-0.0300-0.04%
Euro / Dollar19:550.7144-0.0008-0.11%
Dollar / Euro19:591.39890.00230.16%
Pound / Dollar19:550.6181-0.0030-0.48%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 WILDRNESS  450389.22.%500
2 UNIVERSAL  150107.14.%78000
3 GBGOLD  1730804.85.%13367
4 LITHA  250104.17.%78713
5 EASTPLATS  1015404.10.%37896
6 DORBYL  295103.51.%180500
7 DELTA  800253.23.%9100
8 BELL  1340403.08.%9300
9 AFRIMAT  340103.03.%8805
10 PPC  2637712.77.%996017
11 PARACON  16042.56.%21482
12 PBT  12832.40.%16056
13 KAP  23052.22.%58216
14 ABSA  129002622.07.%2587542
15 ACUCAP  3201611.94.%54680
16 JUBILEE  32061.91.%145128
17 OMNIA  74201381.90.%4299
18 PERGRIN  1090201.87.%19111
19 WESIZWE  23841.71.%56839
20 RESILIENT  2920481.67.%162794

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Major Moves Down
SharenameSaleMove% MoveVolume
1 LONAFRIC  125-60-32.43.%437
2 URONE  3160-996-23.97.%430386
3 AFEAGLE  175-20-10.26.%30400
4 SACOIL  204-18-8.11.%3339487
5 ERBACON  115-10-8.00.%7000
6 KEATON   332-28-7.78.%93297
7 CMH  1250-85-6.37.%14810
8 KUMBAIO  42905-2895-6.32.%697490
9 RANGOLD  286-19-6.23.%37629
10 JASCO  104-6-5.45.%58600
11 PETMIN  286-16-5.30.%140435
12 TFG  7900-414-4.98.%808754
13 JDGROUP  4400-227-4.91.%4119879
14 GRANPRADE  276-14-4.83.%35000
15 GROWPNT  1650-80-4.62.%3446396
16 AVENG  3565-135-3.65.%6911159
17 CITYLDG  6700-250-3.60.%53391
18 CADIZ  309-11-3.44.%117406
19 RMIH  1161-41-3.41.%6884072
20 MONDILTDP  6120-215-3.39.%250235

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New Highs
SharenameSaleHighMove% MoveVolume
1 RAINBOW  18301875100.55.%715333

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New Lows
SharenameSaleLowMove% MoveVolume
1 KEATON   332330-28-7.78.%93297
2 JASCO  10495-6-5.45.%58600
3 CITYLDG  67006680-250-3.60.%53391
4 GOLDREEF  158014850.173510

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Index Summary
Index NameRPMove% Move
Top 4027,784.85-285.81-1.02%
Mid Cap39,799.76-223.06-0.56%
Small Cap31,049.48-149.43-0.48%
Resource 2054,669.84-639.37-1.16%
Industrial 2525,833.97-289.85-1.11%
Financial 157,863.46-23.88-0.30%
Financial & Ind. 3029,030.62-257.92-0.88%
All Share30,878.58-295.28-0.95%
Oil & Gas 27,299.32-125.45-0.46%
Mining 35,757.66-458.25-1.27%
Gold Mining2,651.26-11.04-0.41%
Platinum Mining73.33-1.16-1.56%
Oil & Gas Producers 14,678.34-67.45-0.46%
Basic Materials 30,146.52-405.84-1.33%
Chemicals 13,095.7944.250.34%
Forestry & Paper 13,742.41-86.85-0.63%
Industrial Metals 28,418.73-1020.30-3.47%
Industrials 26,663.87-53.44-0.20%
General Industrials 73,417.51-182.44-0.25%
Consumer Goods 24,881.01-320.51-1.27%
Automobiles & Parts 3,
Household Goods152.52-0-0.13%
Health Care 30,535.39-183.19-0.60%
Beverages 77,358.34-71.77-0.09%
Food Producers 45,903.62-215.66-0.47%
Index NameRPMove% Move
Personal Goods 376.93-13.19-3.38%
Consumer Services 52,169.17-837.54-1.58%
General Retailers 37,952.48-630.29-1.63%
Travel & Leisure 3,585.70-65.21-1.79%
Media 87,982.40-1057.80-1.19%
Support Services 2,363.02-11.51-0.48%
Telecommunications 63,744.08-25.36-0.04%
Financials 20,733.22-73.41-0.35%
Banks 38,574.8269.220.18%
Non-life Insurance 30,068.88-266.74-0.88%
Life Insurance 15,829.92-80.05-0.50%
General Financial 2,184.98-12.41-0.56%
Technology 20,279.4132.460.16%
SHARIAH TOP40 3,126.11-35-1.11%
FTSE/JSE SHARIAH ALL3,178.84-34-1.06%
COAL MINING20,746.99250.12%
FTSE JSE Fledgling 4,554.4720.05%
FTSE/JSE Alt X 1,062.95-3-0.31%
CAPPED PROPERTY 295.97-0.77%
RESOURCE 30,080.66-353-1.16%
DIVIDEND PLUS160.14-1-0.73%
FTSE/JSE RAFI 406,494.94-47-0.72%
Capped Top 4014,475.51-141-0.97%
Capped All Share15,543.16-144-0.92%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
15 Mar 2011EOHJanuary 2011 (Interim)
15 Mar 2011ILIADDecember 2010 (Final)
15 Mar 2011ILIADADecember 2010 (Final)
15 Mar 2011PRIMESERVDecember 2010 (Final)
15 Mar 2011PUTPROPDecember 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
KUMBA11-02-1011-03-1111-03-22R 21.0000
GRINDROD PREF11-02-2411-03-1111-03-22R 3.8600
MASSMART11-02-2411-03-1111-03-22R 2.5200
CAPEVIN11-02-2411-03-1111-03-22R 1.7250
TRUWTHS11-02-2111-03-1111-03-22R 1.2800

Upcoming AGMs**
CodeCompany NameDateStatus

Stock Exchange News Service
14/03/201117:51SOV/SOVN - Sovereign Food Investments Limited - Sovereign rights offer
14/03/201117:25MVG / MVGP - Mvelaphanda Group Limited - Cautionary announcement
14/03/201117:23FSRNNF - Nedbank - Dividend distribution announcement in relation to the FSR
14/03/201117:22FSRNIG - Nedbank Limited - Dividend distribution announcement in relation to The
14/03/201117:22BVTNIG - Nedbank - Dividend distribution announcement in relation to the BVT
14/03/201117:21MTNNNF - Nedbank - Dividend distribution announcement in relation to the MTN
14/03/201117:20MTNNIG - Nedbank Limited - Dividend distribution announcement in relation to The
14/03/201117:19RMHNIG - Nedbank - Dividend distribution announcement in relation to the RMH
14/03/201117:18MTNNNG - Nedbank Limited - Dividend distribution announcement in relation to The
14/03/201117:16 Standard Bank Group Limited - Directors Dealings In Securities
14/03/201117:09NGP - Mvelaphanda Group Limited - Trading Statement
14/03/201116:44 Cadiz Holdings Limited - Trading statement
14/03/201116:41 Northam Platinum Limited - Results of General Meeting
14/03/201116:30 Royal Bafokeng Platinum Limited - Directors` Dealings in terms of the
14/03/201116:29 York Timber Holdings Limited - Unaudited consol. financial results for the
14/03/201116:00CLR/CLRP - Clover Industries Limited - Finalisation of Preference Share Dividend
14/03/201115:52TAW/TAWA - Tawana Resources NL - Expiry of Listed Options - Johannesburg Stock
14/03/201115:35 Consolidated Infrastructure Group Limited - Consolidation of share capital
14/03/201115:30 Jubilee Platinum Plc - Cautionary Announcement
14/03/201115:27 Life Healthcare Group Holdings Limited - Dealings in securities by
14/03/201115:15FFA / FFB - Fortress Income Fund Limited - Dealing in securities
14/03/201114:47 Miranda Mineral Holdings Limited - New Chief Executive Officer and
14/03/201114:30 Sabmiller Plc - Notification of Transactions of Directors
14/03/201113:56 Capital Property Fund - Dealing in securities
14/03/201113:48 Trencor Limited - Sale of shares by directors as a result of a Specific
14/03/201113:40 Lonrho Plc - TR-1: Notification of major interest in sharesi
14/03/201113:22 Lonrho Plc - Lonrho Plc completes the acquisition of Services Company
14/03/201113:01BRT/ BRN - Brimstone Investment Corporation - Dealing in securities by a
14/03/201113:00BRT/BRN - Brimstone Investment Corporation Limited - Dealing in securities by
14/03/201112:57 Reunert Limited - Voluntary Announcement: Reunert Buys ECN
14/03/201112:39 Wescoal Holdings Limited - Legal Dispute at Khanyisa Colliery
14/03/201112:29GRTIVB - Investec Warrants - Declaration of a distribution announcement on
14/03/201112:28GRTIVC - Investec Warrants - Declaration of a distribution announcement on
14/03/201112:19 Trustco Group Holdings - Further Cautionary Announcement Relating To
14/03/201111:39ABL/ABLP - African Bank Investments Limited - Clarification statement regarding
14/03/201111:36 Mvelaphanda Resources Limited - Proposed distribution of Northam shares to
14/03/201111:33 Pinnacle Technology Holdings Limited - Updated Trading Statement
14/03/201110:53 Indequity Group Limited - Appointment of Financial Director and Company
14/03/201110:49 Beget Holdings Limited - Update on liquidation of Beget and a subsidiary
14/03/201110:21 Imuniti - Cautionary Announcement
14/03/201110:00 Bell Equipment Limited - Audited results for the year ended 31 December
14/03/201110:00 RGT Smart Market Intelligence Limited - Announcement
14/03/201109:43 Imuniti Holdings Limited - Director`s dealings in securities
14/03/201109:00 African Eagle Resources Plc - Updated economic model for the Dutwa
14/03/201108:52 Steinhoff International Holdings Limited - Strategic review of Steinhoff
14/03/201108:38 SacOil Holdings Limited - Update on Total transaction and the
14/03/201108:30 MTN Group - Change to the board of Directors of MTN Group Limited:
14/03/201108:29 First Uranium Corporation - Fatality at the Ezulwini Mine
14/03/201108:19 Stratcorp Limited - Changes to the board
14/03/201108:13 Gold One International Limited - Gold One on track to exceed First
14/03/201107:56CLR/CLRP - Clover produces solid maiden interim results following successful
14/03/201107:55CLR / CLRP - Clover Industries Limited - Unaudited interim condensed
14/03/201107:49 JD Group - Proposed transaction with Steinhoff International Holdings
14/03/201107:16 British American Tobacco p.l.c.- Transaction in own shares
14/03/201107:08 BHP Billiton Plc - Notice of Dividend Currency Exchange Rates - 2011
14/03/201107:06 Gold One International Limited - Appendix 3b new issue announcement,
14/03/201107:05 BHP Billiton Plc - Transaction in shares
14/03/201107:05 Aveng Limited - Unaudited group results for the 6 months ended 31
14/03/201107:05 Gold One International Limited - Appendix 3y Change Of Director`s Interest

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