The Sharenet Daily 
Wednesday, 16 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.Africa's rand off 2-1/2 wek low; stocks recover

By Phumza Macanda and David Dolan

JOHANNESBURG (Reuters) - South African assets recovered from sharp declines on Wednesday, after a rebound in Japanese stocks eased fears about a further sell-off related to the nuclear crisis in the world's third-largest economy.

The rand recovered from 2-1/2 week lows against the dollar, having been hit by concern that Japanese investors, substantial holders of rand-denominated debt, would cash in such instruments and repatriate funds to their stricken country.

The rebound in short-term sentiment sent Johannesburg stocks to their first rise in three days, but traders cautioned markets are likely to remain volatile, given the uncertain outlook.

"At the moment it looks a bit better but there are still a lot of risk factors," said Gabor Ambrus, emerging market analyst at 4CAST. "This is just a bit of retracement, I don't think it's game over."

The rand was trading at 6.98 against the dollar at 1550 GMT, 0.2 percent weaker than Tuesday's New York close of 6.9680.

It fell to 7.0450 earlier, its weakest since February 25. Those levels are likely to have attracted exporters and helped the currency recover, said Brigid Taylor, a dealer at Nedbank.

The currency registered its biggest daily fall in two years on Tuesday, as Japanese investors cashed in their rand-denominated bonds.

Japanese funds hold about $1.2 billion worth of South African bonds and the number could be higher when including uridashis, foreign currency bonds sold to retail investors.

The rand briefly traded weaker than its 100-day moving average at 7.01 on Wednesday, and a sustained breach of this level -- which is also a 38.2 percent Fibonacci retracement to the February low of 7.34 -- will open up 7.08 and higher.


Johannesburg share prices were underpinned after Japan's benchmark Nikkei 225, rose nearly 6 percent following two days of sharp declines.

"Japan is definitely one of the biggest factors behind the recovery in short-term sentiment today," said Devin Schutte, a trader at Newstrading in Johannesburg.

The Top-40 index of South African blue chips rose 1.5 percent to 27,534.99. The broader All-share index gained 1.4 percent to 30,612.41.

Some technical factors had also indicated the Johannesburg market may have been due for a short-term recovery. The benchmark Top-40 index's 14-day relative strength index, or RSI, on Tuesday fell below the "oversold" mark of 30 for the first time since May.

The Top-40 breached the 30-mark only twice in 2010, Thomson Reuters data shows.

In addition, the index finished below its lower Bollinger band on Tuesday, another potential sign that it could be due for a rebound. Both the Bollinger band and the RSI are used by technical analysts as a measure of momentum.

African Rainbow Minerals, a miner with platinum, copper and coal assets, gained 4.2 percent to 200.00 rand.

The company was one of several commodities firms hit hard on worries the nuclear crisis would blunt demand from resource-hungry Japan.

Kumba Iron Ore, Africa's largest producer of the steel-making ingredient, rose 3.1 percent after a 3.3 percent fall in the previous session. Japan, the world's second-biggest steel producer, is one of Kumba's traditional markets.

Johannesburg-listed shares of Swiss luxury goods firm Richemont rose 1.4 percent after a 2.7 percent decline. Japan is a substantial market for the maker of Cartier jewellery and Montblanc pens.

Bonds weakened after attracting buyers in the previous two sessions. The yield on the 2015 bond was up three basis points to 7.845 percent and that on the 2015 note went up 1.5 basis points to 8.94 percent.

Wed, 16 Mar 2011
Top News
Revenue increased from R4 252 million to R5 125 million in 2010. Gross profit decreased to R94 million (2009: R674 million) and operating loss was recorded at R823 million (2009: Profit of R192 million).Loss for the year amounted to R549 million (2009: Profit of R163 million). Headline loss  Full story

South Africa's rand reversed its earlier losses on Wednesday, bouncing from a 2-1/2 week low as its weaker levels attracted exporters.  Full story
Japan's nuclear crisis appeared to be spinning out of control on Wednesday after workers withdrew briefly from a stricken power plant because of surging radiation levels and a helicopter failed to drop water on the most troubled reactor.  Full story
Bahraini forces, backed by troops sent by neighbouring Saudi Arabia, drove protesters from the streets using tear gas, tanks and helicopters on Wednesday, prompting rare criticism from their U.S. allies.  Full story
Muammar Gaddafi's forces bombarded Libya's third largest city with artillery fire and advanced on the rebel stronghold of Benghazi on Wednesday as diplomatic steps to prevent him quelling a revolt ran aground.  Full story
Gold rebounded Wednesday after the previous day's 2 percent drop, as investors shifted the focus back on loose monetary policies and geopolitical tensions and. . .  Full story
European and U.S. shares slid for a third day on Wednesday and Treasury debt prices jumped as the nuclear crisis in Japan raised. . .  Full story
U.S. stocks sank for a third day on Wednesday as worries about Japan's nuclear crisis escalated, and analysts saw more volatility ahead for. . .  Full story
Heightened fears about the nuclear crisis in Japan saw investors shun equities on Wednesday, with falls by heavyweight commodity issues dragging Britain's top share. . .  Full story

European shares retreated on Wednesday, with banks leading the falls after Moody's downgraded Portuguese debt overnight and as uncertainty persisted over whether Japan can. . .  Full story
Non-nuclear energy stocks led gains as Hong Kong and Shanghai shares ended higher on Wednesday, with panic selling subsiding and investors looking to position. . .  Full story
Gold regained strength on Wednesday after falling to a 1-month low in the previous session, but declines in ETF holdings to their lowest. . .  Full story
Asian financial markets rallied on Wednesday, with Tokyo stocks rebounding 5.7 percent after a steep two-day sell-off on Japan's killer earthquake and unfolding nuclear. . .  Full story
SA Business
Growth in South Africa's retail sales slowed to 6.4 percent year-on-year in January at constant prices, compared with an 8.3 percent increase in December, Statistics South Africa said on Wednesday.. . .  Full story
South Africa's rand recouped some of the previous day's heavy losses against the dollar on Wednesday as some of the panic triggered by the radiation crisis in Japan subsided.. . .  Full story

Libya is estimated to have lost two thirds of its oil output while fighting between government and rebel forces and international sanctions. . .  Full story
FirstRand, South Africa's No.2 banking group, is in advanced talks with Nigeria's Sterling Bank over making a strategic investment in the lender, banking sources. . .  Full story
Maize deliveries to South African silos rose to 11.843 million tonnes in the week to March 11, up from 11.825 million. . .  Full story
Germany's BMW looks set to replace rival Mercedes-Benz as the only luxury carmaker in Brazil, if it decides to assemble cars there for. . .  Full story

High-yield bonds and U.S. Treasuries top the list of vulnerable assets should the triple disaster of earthquake, tsunami and nuclear breakdown prompt Japanese investors to bring overseas funds back home. Such moves -- which may already be under way, given some of the currency movements of the past few days -- are also likely to sour global merger and acquisition and outward direct investment activity from Japan, one of the top 10 players.. . .  Full story
Company News
In compliance with paragraph 3.59 of the Listings Requirements of JSE Ltd, shareholders are hereby notified that Messrs Neels Minnie and. . .  Full story
Further to the transaction announcements, dated 18 January 2011 and 22 November 2010, the board of PSV has pleasure in announcing. . .  Full story
Great Basin Gold Ltd announced that it has repaid the 2008 Senior Secured Notes ("Notes")with the proceeds of the previously announced. . .  Full story
Further to the cautionary announcement dated 30 September 2010 and subsequent renewal of cautionary announcements, the last of which was dated. . .  Full story

Shareholders of Steinhoff International Holdings Ltd ("SHIL") are referred to the SENS announcements released by Steinhoff International Holdings Ltd on 10 March 2011 and 15 March 2011 regarding the launch, pricing and exercise of the overallotment option of senior unsecured guaranteed. . .  Full story
Shareholders are referred to the announcement published on SENS on 7 February 2011. The company announced that there was no successful offer to acquire the Informante newspaper. The company therefore retains ownership of the newspaper and will continue to publish a. . .  Full story
Company Results
Revenue increased from R3 342 million to R3 753 million in 2010. Gross profit increased to R794.2 million (2009: R534.9million) and. . .  Full story
Revenue increased by 44.8% to R1 139.7 million (R787.3 million). Results from operating activities rose to R107.2 million (R70.5 million). Net. . .  Full story
Group revenue increased 7.8% to R906.1 million for the year ended 31 December 2010 from R840.4 million in the previous year,. . .  Full story
Revenue increased by 0.2% from R3 921 million to R3 929 million in 2010. Gross profit increased by 0.8% to. . .  Full story
World Markets
NameTimeRPMove% Move
JSE Overall17:0030612.41418.461.39%
JSE Top 4017:0027534.99406.141.50%
JSE Gold17:002634.0418.190.70%
JSE Financial17:0020441.85238.891.18%
JSE Industrial17:0030462.11441.031.47%
JSE Indust 2517:0025466.86385.971.54%
JSE Resource17:0054550.05750.651.40%
DJ Futures19:1211625.00-155.00-1.32%
DJ Ind19:2511669.92-185.50-1.56%
SP 50019:501261.29-20.58-1.61%
FTSE 10018:355598.23-97.05-1.70%
All Ords07:374644.0034.100.74%
NZSE 5006:263326.8012.660.38%
NameTimeRPMove% Move
Gold/R kg19:5631743138921.24%
Brent Crude19:56110.42.320.29%
Rand / Dollar19:587.04080.08501.22%
Rand / Pound19:5511.28040.11291.01%
Rand / Euro19:559.81770.07120.73%
Rand / NZD19:575.14550.05641.11%
Rand / AUD19:556.94730.05600.81%
Yen / Dollar19:5780.0400-0.7200-0.89%
Euro / Dollar19:550.71990.00580.81%
Dollar / Euro19:571.3894-0.0104-0.74%
Pound / Dollar19:550.62480.00320.51%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 SABVEST  85025041.67.%10060
2 SOVFOOD  6006712.57.%71195
3 EASTPLATS  991889.75.%110516
4 CAPITEC  1530011007.75.%37563
5 URONE  27201957.72.%388626
6 MERAFE  154117.69.%2828112
7 CBH  350257.69.%500
8 WESIZWE  234146.36.%185528
9 AMA  191116.11.%105200
10 AFRO-C  185105.71.%3237301
11 GBGOLD  1775955.65.%15993
12 TRENCOR  37502005.63.%2760
13 ZEDER  240125.26.%163362
14 JASCO  10155.21.%25000
15 BLUETEL  594295.13.%875833
16 SACOIL  20994.50.%1589876
17 LEWIS  67752754.23.%639426
18 AFROX  1850754.23.%633995
19 ARM   200008004.17.%451043
20 MVELARES  35251404.14.%442094

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Major Moves Down
SharenameSaleMove% MoveVolume
1 TRNSHEX  241-29-10.74.%64338
2 FREEWORLD  1105-76-6.44.%1378
3 RA-HOLD  380-20-5.00.%250
4 JSE  6670-330-4.71.%463013
5 AFGRI  648-31-4.57.%527948
6 RMIH  1098-37-3.26.%7709417
7 MAZOR  150-5-3.23.%1370
8 CADIZ  300-10-3.23.%255000
9 ROLFES  160-5-3.03.%9141
10 HUDACO  8199-240-2.84.%74515
11 HULAMIN  730-20-2.67.%239903
12 PAN-AF  113-3-2.59.%634344
13 KEATON   339-9-2.59.%39900
14 MIXTEL  114-3-2.56.%25750
15 SPURCORP  1360-35-2.51.%57600
16 PETMIN  293-7-2.33.%150252
17 KELLY  390-9-2.26.%78400
18 ASTRAL  12025-275-2.24.%227560
19 AVENG  3475-78-2.20.%707370
20 VIVIDEND  466-9-1.89.%2000

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New Highs
SharenameSaleHighMove% MoveVolume
1 SABVEST  85092525041.67.%10060

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New Lows
SharenameSaleLowMove% MoveVolume
1 RMIH  10981092-37-3.26.%7709417
2 PPC  25712544-29-1.12.%756395

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Index Summary
Index NameRPMove% Move
Top 4027,534.99406.141.50%
Mid Cap39,522.32295.710.75%
Small Cap30,930.31259.320.85%
Resource 2054,550.05750.651.40%
Industrial 2525,466.86385.971.54%
Financial 157,743.82102.291.34%
Financial & Ind. 3028,602.63446.381.59%
All Share30,612.41418.461.39%
Oil & Gas 27,759.53989.633.70%
Mining 35,575.39368.091.05%
Gold Mining2,634.0418.190.70%
Platinum Mining72.561.542.17%
Oil & Gas Producers 14,925.79532.113.70%
Basic Materials 30,001.01327.421.10%
Chemicals 13,177.1189.320.68%
Forestry & Paper 13,683.39167.501.24%
Industrial Metals 28,353.91644.462.33%
Industrials 26,418.09219.110.84%
General Industrials 72,631.151016.871.42%
Consumer Goods 24,719.12408.521.68%
Automobiles & Parts 3,034.3711.320.37%
Household Goods149.3521.52%
Health Care 30,473.13566.821.90%
Beverages 77,467.691811.112.39%
Food Producers 45,319.56-143.44-0.32%
Index NameRPMove% Move
Personal Goods 372.045.191.41%
Consumer Services 51,076.43331.630.65%
General Retailers 37,858.91583.871.57%
Travel & Leisure 3,547.1257.761.66%
Media 84,061.90-491.61-0.58%
Support Services 2,356.9033.401.44%
Telecommunications 62,225.201514.842.50%
Financials 20,441.85238.891.18%
Banks 37,991.66645.361.73%
Non-life Insurance 30,553.86763.852.56%
Life Insurance 15,492.1621.970.14%
General Financial 2,164.3646.842.21%
Technology 20,405.49189.030.94%
SHARIAH TOP40 3,109.23481.58%
FTSE/JSE SHARIAH ALL3,162.16481.54%
COAL MINING20,405.443541.76%
FTSE JSE Fledgling 4,480.77140.31%
FTSE/JSE Alt X 1,043.0910.05%
RESOURCE 30,015.044131.40%
DIVIDEND PLUS159.0121.49%
FTSE/JSE RAFI 406,433.86931.46%
Capped Top 4014,334.352201.56%
Capped All Share15,402.872131.40%

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Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
17 Mar 2011CIPLAMEDDecember 2010 (Final)
17 Mar 2011EHSVDecember 2010 (Final)
17 Mar 2011LDREEFDecember 2010 (Final)
17 Mar 2011MASNITEADecember 2010 (Final)
17 Mar 2011MASNITEBDecember 2010 (Final)

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
16/03/201117:48 Purple Capital Limited - Unaudited results for the six months ended 28
16/03/201117:45 Marshall Monteagle Plc - Dealing in securities by directors
16/03/201117:45 London Finance & Investment Group P.L.C - Dealing in securities by
16/03/201117:44 SA French Limited - Terms announcement of the proposed rights offer to
16/03/201117:38 Vunani Limited - Trading update
16/03/201117:34 Evraz Highveld Steel and Vanadium Limited - Audited results for the year
16/03/201117:21 Mvelaserve Limited - Dealing in securities by director
16/03/201117:16 Efficient Group Limited - Unaudited interim financial results for the six
16/03/201117:15 Remgro Limited - Change in financial year-end
16/03/201116:43 B & W Instrumentation And Electrical Limited - Change to the board of
16/03/201116:41 Capevin Investments Limited - Dealing in Capevin Investments shares by an
16/03/201116:10WRF - Workforce Holdings Limited - Trading Update
16/03/201116:00RMHIDD - Investec Bank Limited - Correction: Adjustment to the terms and
16/03/201115:29THEE - The Competition Commission - Commission refers a collusion case in the
16/03/201115:19 Southern Electricity Company Limited - Appointment of director
16/03/201115:17 RMB Holdings Limited - Apportionment of cost for taxation and/or capital
16/03/201115:13 Growthpoint Properties Limited - Dealing in securities by director
16/03/201114:34 PSV Holdings Limited - Finalisation of the Turbo Agencies (Pty) Ltd
16/03/201114:30 Great Basin gold Repays Senior Secured Notes
16/03/201114:13 Life Healthcare Group Holdings - Dealing In Securities By Company
16/03/201114:10 Assore Limited - Dealing in securities by a director
16/03/201113:22 Thabex Limited - Renewal of cautionary announcement
16/03/201113:20VN - Sabvest Limited - Notification of director`s dealings in Sabvest
16/03/201112:45 Anglo American plc - Director`s / PDMR`S Interests
16/03/201112:11 Coal of Africa Limited - Consolidated financial report for the period
16/03/201112:00MND/MNP - Mondi Limited/Mondi plc - Notification of Major Interests in
16/03/201112:00 Great Basin Gold Limited - Audited consolidated financial statements for
16/03/201111:45 Exxaro Resources - Trading of Exxaro ordinary shares on behalf of the
16/03/201111:42 Bell Equipment - Acceptance of options by directors and the company
16/03/201111:27 SA Corporate Real Estate Fund - Dealing in securities by a director
16/03/201111:25 Steinhoff International Holdings Limited - Fairness Opinion in connection
16/03/201110:27 Trustco Group Holdings Limited - Voluntary Announcement: Update on Tender
16/03/201109:55 Tawana Resources NL - Placement
16/03/201109:00CCO - Capital & Counties Properties PLC - Analyst & investor briefing on the
16/03/201108:46 Rainbow Chicken Limited - Dealings in securities by a director of a major
16/03/201107:15 Foneworx Holdings Limited - Unaudited consolidated interim results for the
16/03/201107:13 BHP Billiton Plc - Transaction in shares
16/03/201107:10 British American Tobacco p.l.c - Transaction in own shares
16/03/201107:10 Lonmin Plc - Notification of major interest in shares
16/03/201107:06 Gold One to present at the proactive investors one2one forum
16/03/201107:05 Digicore Holdings Limited - Allocation of options in terms of the Digicore
16/03/201107:05ELR/ELRP - ELB Group Limited - Unaudited group interim report and interim cash

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