The Sharenet Daily 
Thursday, 17 March 2011 - 20:00
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Latest Consensus Changes / Results Expected
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Stock Exchange News Service (SENS)

S.African rand hits 2-yr low vs yen, stocks edge up

By Phumza Macanda and David Dolan

JOHANNESBURG (Reuters) - South Africa's rand plunged to two-year lows against the yen on Thursday with further losses seen on expectations Japanese investors may repatriate cash to help rebuild their disaster-hit country.

Stocks edged higher, as investors bet some recently battered shares may have fallen too far. Gains were limited by a decline in media company Naspers, which posted its biggest daily fall in nine months.

The rand has lost about 10 percent against the yen since last week's earthquake and tsunami, which left a crippled nuclear power plant at risk of catastrophic meltdown.

Japanese funds hold about $1.2 billion in rand-denominated bonds, a number that could be higher when including "uridashi" foreign currency bonds sold to retail investors.

Against the dollar, the rand recouped some of its New York losses when it fell to 7.2150.

"Yesterday we had a nice break out of another range (the two week range of 6.81-6.95) which indicates that the momentumn is more to the upside," said Judy Padayachee, technical strategist at Absa Capital.

The currency was trading at 7.0560 by 1542 GMT, 1.88 percent firmer than New York's close of 7.19.

The rand has gyrated between 6.8143 and 7.2150 this week, and technical analysts see it targeting 7.50 in the longer term.

Padayachee said the massive moves seen in the past two sessions point to bearish sentiment towards the rand.


Investors were slowly coming back to shares that had been hammered in a sell-off sparked by concern over Japan's nuclear crisis, said Garth MacKenzie, a trader at Imara SP Reid.

"While our market remains nervous, you are seeing some bargain-hunting coming back in," MacKenzie said.

Johannesburg's Top-40 index of blue chips rose 0.46 percent to 27,660.83, its second straight rise. On Tuesday it fell to its lowest level since early December, hit by fears about the impact of the Japanese crisis.

Resource-hungry Japan, the world's third-largest economy, is a major market for many South African commodities producers.

The broader All-share index rose 0.4 percent to 30,718.55.

FirstRand, South Africa's second-largest bank by market value, rose 2.9 percent to 19.11, after losing 4 percent in the previous five sessions.

Johannesburg-listed shares of Lonmin, the world's third-largest producer of platinum, rose 0.7 percent to 182.94 rand, after falling more than 9 percent over the previous five sessions.

Platinum prices have been hit after Toyota Motor Co and other Japanese car makers halted production of vehicles. Platinum group metals are used to make automobile catalytic converters.

Shares of Naspers, Africa's largest media company, tumbled 4.4 percent to 366.01 rand, its biggest one-day drop since June.

Naspers was hit after Chinese firm Tencent, in which it owns a 30 percent stake, posted its biggest one-day fall in more than two years.

Tencent, China's largest Internet company, fell nearly 11 percent on concerns over tighter operating margins and slower growth.

Tencent's blockbuster growth has been a big contributor to performance of the South African media firm, which is heavily invested in emerging markets and e-commerce Internet companies.

In the fixed income market, the yield on South Africa's benchmark 2015 bond was up 7.5 basis points at 7.92 percent, and that on the 2026 note was 7 basis points higher at 9.01 percent.

The five-year yield has risen nearly 80 basis points since last week on increasing concerns about inflation.

Thu, 17 Mar 2011
Top News
South Africa's rand extended gains against the dollar to over 2 percent on Thursday in a volatile session as overnight 3-week lows triggered selling interest from exporters.  Full story

Shares of South Africa's Naspers fell more than 2 percent on Thursday after Chinese firm Tencent, in which it owns a 30 percent stake, posted its biggest one-day fall in more than two years.  Full story
Japanese military helicopters and fire trucks poured water on an overheating nuclear facility on Thursday and the plant operator said electricity to part of the crippled complex could be restored in a desperate bid to avert catastrophe.  Full story
Libyan troops pushed forward towards the insurgent stronghold of Benghazi on Thursday and launched air raids on its outskirts as momentum gathered in support of air raids to stop Muammar Gaddafi's forces.  Full story
The leader of Bahrain's largest opposition group has urged Saudi Arabia to withdraw its forces and called for a U.N. inquiry into a crackdown on mainly Shi'ite protesters that has raised tensions in the oil-exporting region.  Full story
U.S. stocks gained on Thursday, bouncing back after three days of declines as investors searched for bargains, but the near-term outlook is bearish as. . .  Full story
European stocks bounced on Thursday from three-month lows, mainly in technical buying and as hedge funds scooped up beaten-down shares, with chartists saying further. . .  Full story
European and U.S. stocks rebounded from three days of selling on Thursday, despite the ongoing nuclear plant crisis in Japan, while the yen. . .  Full story
Commodity stocks powered a bounce in Britain's top shares by close on Thursday, as heavy selling this week made equities look attractive from. . .  Full story

Gold rose on Thursday, sustained by an increase in exchange traded product (ETP) holdings, stronger physical demand and a weaker dollar, but investor selling. . .  Full story
China's main stock index closed down 1.1 percent on Thursday, hit by losses in nuclear power equipment makers, on growing concerns over radiation. . .  Full story
The yen surged to a record high against the dollar and Asian shares fell on Thursday after U.S. officials said the risk of. . .  Full story
Australian stocks clawed back early losses to end almost flat after a volatile session on Thursday as energy companies rallied and major miners. . .  Full story
SA Business
Zambia, Africa's leading copper producer, has introduced tax breaks for new power plants to boost electricity generation and meet growing demand, especially from mines, a senior official said on Thursday.. . .  Full story
South African group Telkom has picked the managing director of its domestic unit to be its new chief executive, as the nation's biggest fixed-line operator struggles to craft a turnaround strategy.. . .  Full story

The retail banking unit of South Africa's FirstRand will begin operations in Tanzania by the middle of this year, widening its. . .  Full story
South Africa's Shanduka Group is mulling a Johannesburg IPO, its chief executive said on Thursday after the investment firm took control. . .  Full story
South African farmers want shale gas exploration and production in the Karoo region to be put on hold until the extraction. . .  Full story
South African maize futures edged lower on Thursday, in line with a fall in international prices in the wake of the. . .  Full story

China's largest Internet company Tencent Holdings suffered its biggest one-day fall in more than two years on Thursday, slumping 11 percent on concerns over. . .  Full story
South African investment bank and asset manager Investec said on Thursday it expects a slight rise in full-year profit, as its. . .  Full story
South Africa sees renewable and nuclear energy supplying two-thirds of its power by 2030 as it seeks to heavily cut its. . .  Full story
Telkom Kenya, controlled by France Telecom's Orange, said on Thursday it had selected China's No.2 telecommunications equipment maker ZTE Corp to. . .  Full story
Company News
Shareholders of Morvest are referred to the cautionary announcement dated 25 February 2011 and are advised that Morvest has entered into. . .  Full story
Pick n Pay has launched South Africa's first major grocery chain loyalty programme as part of its business strategy, enabling the. . .  Full story
Business Report noted that FirstRand was in advanced talks to make an investment in Nigeria's Sterling Bank. Reuters reported that FirstRand. . .  Full story
Investec is today, 17 March 2011 hosting an investor pre-close briefing at 9:00 (GMT time) (11:00 South African time) which will. . .  Full story

In accordance with Listing Rule 12.6.4, Anglo American plc announces that 12 422 ordinary shares were transferred from treasury shares on 15 and 16 March 2011, in respect of the grant. . .  Full story
Datatec Ltd, the international Information and Communications Technology (ICT) group, announces that its subsidiary Logicalis has agreed to acquire Inca Software Ltd ("Inca") from its parent company, Avisen Plc (AIM: AVI),. . .  Full story
Shareholders are herewith advised that the Board of Rainbow has approved the change in financial year-end of the company from 31 March to 30 June, with effect from the current financial. . .  Full story
Company Results
The company reported a 39% increase in sales to R771.8 million (R554.6 million) and profit from operations soared to R55.6 million. . .  Full story
Revenue for the group increased by 0.9% to R46.2 million from R45.8 million in the previous corresponding period, while gross profit. . .  Full story
Revenue increased from CAD33 738 million to CAD99 706 million in 2010. Loss before income taxes decreased to CAD29 090 million. . .  Full story
The company reported sales of AUD93.4 million and gross profit of AUD18.6 million (loss of AUD1.4 million). Loss after tax widened. . .  Full story
World Markets
NameTimeRPMove% Move
JSE Overall17:0030718.55106.140.35%
JSE Top 4017:0027660.83125.840.46%
JSE Gold17:002583.88-50.16-1.90%
JSE Financial17:0020576.29134.440.66%
JSE Industrial17:0030378.19-83.92-0.28%
JSE Indust 2517:0025413.46-53.40-0.21%
JSE Resource17:0055003.67453.620.83%
DJ Futures19:5211665.00136.001.18%
DJ Ind19:2511730.50117.201.01%
SP 50019:361269.6512.771.02%
FTSE 10018:355696.1197.881.75%
All Ords07:384638.40-5.60-0.12%
NZSE 5006:363329.592.790.08%
NameTimeRPMove% Move
Gold/R kg19:56319968-2453-0.76%
Brent Crude19:56114.233.242.92%
Rand / Dollar19:597.0968-0.0717-1.00%
Rand / Pound19:5511.4169-0.0396-0.35%
Rand / Euro19:559.9424-0.0369-0.37%
Rand / NZD19:585.0885-0.0639-1.24%
Rand / AUD19:556.9573-0.0520-0.74%
Yen / Dollar19:5878.96001.69002.19%
Euro / Dollar19:550.7132-0.0045-0.63%
Dollar / Euro19:581.40150.00800.57%
Pound / Dollar19:550.6193-0.0040-0.64%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 TRNSHEX  2692811.62.%19284
2 NUWORLD  268025510.52.%6701
3 MAZOR  160106.67.%6086
4 ROLFES  170106.25.%13957
5 PALLINGHT  415215.33.%66337
6 CAPCO  1785724.20.%457875
7 RANGOLD  275103.77.%4000
8 MONDIPLCP  63492093.40.%1191925
9 DRDGOLD  324103.18.%315447
10 MONDILTDP  63901903.06.%776401
11 FIRSTRAND  1911542.91.%14785367
12 BILLITON  260857362.90.%6211927
13 MUSTEK  509142.83.%71
14 EXXARO  148853852.66.%3000688
15 GBGOLD  1820452.54.%6873
16 ALTRON  2550622.49.%77115
17 S-OCEAN  23052.22.%23766
18 ELBGROUP  1840402.22.%99396
19 GOLDONE  25552.00.%349626
20 HCI  78991491.92.%6889

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Major Moves Down
SharenameSaleMove% MoveVolume
1 EHSV  6905-2295-24.95.%987195
2 IQUAD  250-40-13.79.%3718
3 MIXTEL  105-9-7.89.%27500
4 DIGICOR  260-21-7.47.%98548
5 KAP  205-15-6.82.%20000
6 PBT  120-8-6.25.%16642
7 CARGO  1010-65-6.05.%157
8 DORBYL  279-16-5.42.%251
9 AMECOR  150-8-5.06.%42350
10 UCS  210-10-4.55.%827
11 URONE  2600-120-4.41.%223370
12 BLUETEL  568-26-4.38.%224985
13 NASPERSN  36601-1669-4.36.%3800556
14 SACOIL  200-9-4.31.%552707
15 AFEAGLE  168-7-4.00.%45000
16 AFROX  1785-65-3.51.%12654
17 ZEDER  232-8-3.33.%335885
18 MVELAGRP  290-10-3.33.%45892
19 CMH  1250-40-3.10.%3630
20 COAL  849-26-2.97.%145779

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New Highs
SharenameSaleHighMove% MoveVolume
1 ELBGROUP  18401840402.22.%99396
2 AFRO-C  180200-5-2.70.%15554

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New Lows
SharenameSaleLowMove% MoveVolume
1 DIGICOR  260251-21-7.47.%98548
2 RMIH  10701053-28-2.55.%9424817
3 PPC  25342512-37-1.44.%1553666
4 DAWN  690685-10-1.43.%23300
5 GOLDREEF  15001478-5-0.33.%104838
6 HULAMIN  7307200.159626

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Index Summary
Index NameRPMove% Move
Top 4027,660.83125.840.46%
Mid Cap39,419.45-102.87-0.26%
Small Cap30,824.02-106.29-0.34%
Resource 2055,003.67453.620.83%
Industrial 2525,413.46-53.40-0.21%
Financial 157,806.3562.530.81%
Financial & Ind. 3028,627.5024.870.09%
All Share30,718.55106.140.35%
Oil & Gas 27,946.02186.490.67%
Mining 35,879.32303.930.85%
Gold Mining2,583.88-50.16-1.90%
Platinum Mining72.66.100.14%
Oil & Gas Producers 15,026.06100.270.67%
Basic Materials 30,224.68223.670.75%
Chemicals 13,049.20-127.91-0.97%
Forestry & Paper 14,017.01333.622.44%
Industrial Metals 27,717.48-636.43-2.24%
Industrials 26,248.25-169.84-0.64%
General Industrials 72,362.05-269.10-0.37%
Consumer Goods 24,715.39-3.73-0.02%
Automobiles & Parts 3,016.26-18.11-0.60%
Household Goods149.03-0-0.21%
Health Care 30,599.45126.320.41%
Beverages 76,886.77-580.92-0.75%
Food Producers 45,360.0040.440.09%
Index NameRPMove% Move
Personal Goods 375.933.891.05%
Consumer Services 50,170.16-906.27-1.77%
General Retailers 37,958.8699.950.26%
Travel & Leisure 3,534.55-12.57-0.35%
Media 80,490.11-3571.79-4.25%
Support Services 2,336.58-20.32-0.86%
Telecommunications 63,106.65881.451.42%
Financials 20,576.29134.440.66%
Banks 38,501.89510.231.34%
Non-life Insurance 30,553.86.000.00%
Life Insurance 15,527.1234.960.23%
General Financial 2,164.08-.28-0.01%
Technology 20,494.8589.360.44%
SHARIAH TOP40 3,137.08280.90%
FTSE/JSE SHARIAH ALL3,187.30250.80%
COAL MINING20,790.473851.89%
FTSE JSE Fledgling 4,497.14160.37%
FTSE/JSE Alt X 1,040.10-3-0.29%
RESOURCE 30,264.052490.83%
DIVIDEND PLUS158.94-0-0.04%
FTSE/JSE RAFI 406,459.22250.39%
Capped Top 4014,374.61400.28%
Capped All Share15,440.46380.24%

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Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
18 Mar 2011BIOSCIDecember 2010 (Interim)
18 Mar 2011COALDecember 2010 (Interim)
18 Mar 2011KAYDAVDecember 2010 (Final)
18 Mar 2011ORIONDecember 2010 (Interim)
18 Mar 2011WORKFORCEDecember 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
STANBANK11-03-0311-04-0111-04-11R 2.4500
STANBANK6.511-03-0311-03-2511-04-04R 0.0325
STANBANK-P11-03-0311-03-2511-04-04R 3.3790
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
SASFIN-P11-03-0211-03-1711-03-28R 3.6205
IMPERIALP11-02-2311-03-1711-03-28R 3.6123
PSGFIN PREF11-03-0111-03-1711-03-28R 3.4377

Upcoming AGMs**
CodeCompany NameDateStatus
HDCHudaco Industries Ltd24/03/2011Confirmed

Stock Exchange News Service
17/03/201117:36 UCS Group Limited - Dealing in securities by a director
17/03/201117:29 Rainbow Chicken Limited - Dealings in securities by directors
17/03/201117:15 Pinnacle Technology Holdings Limited - Unaudited interim results for the
17/03/201117:09 Morvest Business Group Limited - Acquisition of R and S Consulting
17/03/201116:51 Austro Group Limited - Results of general meeting - Specific repurchase of
17/03/201116:50PAPIVB - Investec Bank Limited - Notice regarding Pangbourne Properties Limited
17/03/201116:45 Brikor Limited - Change to board of directors
17/03/201116:42SOLNIG - Nedbank limited - Dividend distribution announcement in relation to the
17/03/201116:41SBKNII - Nedbank - Dividend distribution announcement in relation to the SBKNII
17/03/201116:12SOLNND - Nedbank - Dividend distribution announcement in relation to the SOL
17/03/201116:00SBKNNI - Nedbank limited - Dividend distribution announcement in relation to The
17/03/201115:59SBKNNH - Nedbank - Dividend distribution announcement in relation to the SBK
17/03/201115:56SBKNIJ - Nedbank - Dividend distribution announcement in relation to the SBK
17/03/201115:52SBV/SVN - Sabvest Limited - Notification of director`s dealings in Sabvest
17/03/201115:23 Steinhoff International Holdings - Dealing in securities by director
17/03/201115:00 Pick N Pay Says `Thank You` in South Africa`s First Major Grocery Loyalty
17/03/201114:43 Lonmin Plc - Notification of major interest in shares
17/03/201114:38 York Timber Holdings Limited - Directors dealing in securities
17/03/201114:36 Clientele - Dealing in Clientele Limited Shares
17/03/201114:32 Trading of Exxaro ordinary shares on behalf of the Exxaro Resources
17/03/201114:01 Bell Equipment Limited - Acceptance of options by a director of a major
17/03/201112:13 Group Five Limited - Dealing in securities by a director of a major
17/03/201112:06 1time holdings Limited - PROVISIONAL AUDITED RESULTS FOR THE YEAR
17/03/201110:50INL/INP - Investec - Pre-Close Briefing
17/03/201110:26 Bowler Metcalf Limited - Cautionary Announcement
17/03/201110:16 Massmart Holdings Limited - Trading of Massmart ordinary shares on behalf
17/03/201109:11 Rainbow Chicken Limited - Change in financial year-end
17/03/201109:00 Datatec Limited - Acquisition of Inca Software
17/03/201109:00 SecureData Holdings Limited - Unaudited Results for the six months ended
17/03/201108:49 Uranium One Provides Update on ARMZ Offer for Mantra Resources
17/03/201108:35 Gold Reef Resorts - Reviewed financial results for the year ended 31
17/03/201108:30 Gold Reef Resorts Limited - Change in company secretary, change of
17/03/201108:21 Firestone Energy Limited - New `Met` Coal Mine
17/03/201108:02 Anglo American plc - Treasury shares - transfers
17/03/201108:00MVG/ MVGP - Mvelaphanda Group - Unaudited interim results for the six months
17/03/201107:36 Winhold Limited - Announcement to Shareholders
17/03/201107:10 British American Tobacco p.l.c - Transaction in own shares
17/03/201107:06 BHP Billiton Plc - Transaction in shares
17/03/201107:05 Telkom SA Limited - Appointment of Chief Executive Officer
17/03/201107:05 Cipla Medpro - Reviewed condensed consolidated results for the year ended

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