The Sharenet Daily 
Wednesday, 23 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 weakens; stocks up for 2nd day

By Phumza Macanda and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - The South African rand weakened towards the 7.00 mark against a broadly firmer dollar on Wednesday, but stocks bucked the weaker tone in global equities as miners gained on higher commodity prices.

South African stocks notched up their second straight day of gains with the JSE Top-40 index of blue chips adding 1.21 percent to 28,126.26 points and the broader All-share index up 1.12 percent to 31,215.55.

"We were shielded by the commodity prices seeing that global markets are looking shaky at the moment," Mitchell Gannaway, a trader at Thebe Securities said.

The rand was trading at 6.94 against the dollar at 1542 GMT, 0.6 percent weaker than Wednesday's New York close of 6.8980.

"The rand has remained quite strong despite dollar strength, so it is now playing catch-up," said Ion de Vleeschauwer, chief dealer at Bidvest Bank.

"A lot of people are a bit concerned about the euro zone situation, so we could see the rand inch up closer to 7.00/dollar, but I don't think 7.00 is on the cards yet because there's decent exporter interest at these levels."

Deepening worries that Portugal could become the third euro zone economy to seek emergency help was weighing on the euro -- the currency of South Africa's largest trading partner.


On the bourse, miners dominated the gainers' list, tracking higher commodity prices, boosting Harmony by 3.47 percent to 87.95 rand and making it the biggest percentage gainer on the blue-chip index.

Anglo Platinum rose 3.38 percent to 672 rand and Gold Fields was 2.43 percent better at 115.75 rand.

Elsewhere, Massmart was up 1.25 percent to 132 rand, recouping sharp losses suffered in the previous session on worries that its deal with Wal-Mart could fall through.

"The feeling in the market is that the deal will go through despite yesterday's nervousness," one trader said.

Data showed inflation came in at 3.7 percent year-on-year for February, bang-in-line with forecasts. Bonds firmed as some market players had priced in a higher-than-expected CPI outcome.

The yield on the 2015 bond was down 3.5 basis points to 7.8 percent and that on the 2026 note fell by two basis points to 8.925 percent.

Focus now moves to Thursday's interest rate decision around 1300 GMT, with the central bank expected to raise its inflation forecasts on the back of higher oil and food prices, a move that could weigh on bonds.

All 21 economists polled by Reuters last week expected the central bank to leave the repo rate steady at 5.5 percent.

Wed, 23 Mar 2011
Top News
South Africa's MTN has teamed up with Hollard Insurance and MFS Africa to launch a mobile money life insurance project in Ghana and plans to further roll out the programme later this year.  Full story

South Africa's targeted consumer inflation was at 3.7 percent year-on-year in February, unchanged from January and in line with consensus, official data showed on Wednesday.  Full story
Worries that a political crisis in Portugal could force the debt-laden country to seek a bailout sent the euro lower on Wednesday and triggered safe-haven demand for German government bonds.  Full story
Japan estimated the cost of the damage from its devastating earthquake and tsunami could top $300 billion (184 billion pounds) as authorities in Tokyo warned that babies should not be given tap water because of radiation from a crippled nuclear plant.  Full story
Syrian forces killed at least six people on Wednesday in an attack on a mosque in the southern city of Deraa, site of unprecedented protests challenging President Bashar al-Assad's Baathist rule, residents said.  Full story
U.S. stocks were near flat on Wednesday as unrest in the Middle East and North Africa kept investors cautious, but materials shares gained.. . .  Full story
Gold rose to within a whisker of its all-time high on Wednesday, as disappointing U.S. housing data, renewed euro zone debt fears and. . .  Full story
Britain's top share index was flat after the UK budget held few surprises on Wednesday, with strength from miners offsetting falls from supermarkets. . .  Full story
European stocks were almost flat around midday on Wednesday, with their week-long tentative rebound halted by the return of concerns over the euro. . .  Full story

U.S. stock index futures fell on Wednesday, after modest losses in the previous session, as worry continued over debt issues in the euro. . .  Full story
European shares edged higher on Wednesday, led by miners as the price of copper and other metals rose on upbeat comments on the. . .  Full story
Australian stocks ended up 0.2 percent on Wednesday, as investors focused on banks, seen as the safest bet amid uncertainty over Japan's nuclear. . .  Full story
Hong Kong stocks were set for a mild decline at Wednesday's open as weak overseas markets and lacklustre results from large caps weighed.. . .  Full story
SA Business
South Africa's rand was slightly weaker against the dollar on Wednesday while government bonds held firm ahead of inflation data at 0800 GMT expected to show that domestic price pressures are ticking higher.. . .  Full story

Wal-Mart Stores Inc and Massmart Holdings Ltd are considering legal options to speed up a hearing into the U.S. group's $2.3. . .  Full story
South Africa's National Union of Mineworks said on Wednesday that 4,200 workers at DRDGold's Blyvoor mine would down tools for a. . .  Full story
Kenya needs to consolidate its separate agricultural exchanges to increase the commodities traded and attract new ones, but it needs a new law. . .  Full story
South Africa will likely cut its maize output forecast for the May 2010-April 2011 season as wet conditions in some areas. . .  Full story

Diversified miner AngloAmerican expects to nearly double iron ore production to around 80 million tonnes by 2014 as it digs new mines in Brazil and South Africa, but has no aspirations. . .  Full story
Australia's thermal coal prices, a benchmark for Asia, extended their decline during the past week as near-term weakness in Japanese demand weighed on the market.. . .  Full story
Gold Fields, the world's fourth-largest listed gold miner, said on Tuesday it was possible the price of bullion may break $1,500 an ounce this year on the back of positive fundamentals.. . .  Full story
Company News
Shareholders are advised that the annual report which contains the annual financial statements of Merafe Resources for the year ended 31. . .  Full story
Great Basin announced that further to the company's November 23, 2010 news release which advised that its Hollister trial mining operation. . .  Full story
Further to the announcement made by the company on 2 March 2011, shareholders are advised that due to the recent announcement. . .  Full story
A number of analysts and investors will be visiting The Trafford Centre and the Arndale, Manchester on 24 March 2011. During. . .  Full story

The company advised that Mr Ntando Simelane has been appointed as company secretary with effect from 1 April 2011.. . .  Full story
Shareholders of the company are advised that the European benchmark ferrochrome price has been settled at USD1.35 per pound for the second quarter of 2011, an increase of 8% from USD1.25. . .  Full story
Anglo American plc announced that 43 431 ordinary shares were transferred from treasury shares on 21 and 22 March 2011, in respect of the grant of awards and vesting of awards. . .  Full story
Company Results
Revenue grew to R1.2 billion (R1 billion) and gross profit rose to R278.6 million (R247.2 million). However, earnings before interest, taxation, depreciation and amortisation (EBITDA) fell marginally to R36 million (R36.4. . .  Full story
Revenue for the interim period increased by 20.4% to R317.9 million (2009: R264 million). Operating profit decreased by 1.3% to R15.9 million (2009: R16.1 million), while profit and total comprehensive income. . .  Full story
Revenue for the interim period increased to R484.9 million (2009: R362.2 million). Gross profit rose to R136.3 million (2009: R106.7 million), while profit attributable to equity holders of the parent improved. . .  Full story
World Markets
NameTimeRPMove% Move
JSE Overall17:0031215.55347.241.12%
JSE Top 4017:0028126.26335.461.21%
JSE Gold17:002641.0966.722.59%
JSE Financial17:0020814.74134.790.65%
JSE Industrial17:0030948.66300.120.98%
JSE Indust 2517:0025907.27260.491.02%
JSE Resource17:0055795.12786.301.43%
DJ Futures19:4011990.0037.000.31%
DJ Ind18:5112045.3026.670.22%
SP 50019:361293.14-0.63-0.05%
FTSE 10018:355795.8833.170.58%
All Ords07:384746.508.800.19%
NZSE 5006:263375.7910.570.31%
NameTimeRPMove% Move
Gold/R kg19:5631965638651.22%
Brent Crude19:56115.44-.12-0.10%
Rand / Dollar19:576.91440.03290.48%
Rand / Pound19:5511.2024-0.0513-0.46%
Rand / Euro19:559.7657-0.0194-0.20%
Rand / NZD19:565.13020.03430.67%
Rand / AUD19:557.01500.04570.66%
Yen / Dollar19:5680.7900-0.2200-0.27%
Euro / Dollar19:550.70790.00390.55%
Dollar / Euro19:581.4123-0.0079-0.56%
Pound / Dollar19:550.61530.00480.79%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 PLATMIN  5348920.00.%21852
2 GRANPRADE  280155.66.%84952
3 UCS  200105.26.%18900
4 DELTA  860415.01.%82379
5 WINHOLD  17084.94.%8500
6 PNR-FOODS  56002504.67.%254529
7 SOVFOOD  575254.55.%218400
8 MRPRICE  60902504.28.%1738520
9 CLICKS  40401574.04.%2246981
10 PBT  13054.00.%800
11 DIGICOR  270103.85.%169976
12 LITHA  24593.81.%126629
13 ASSORE  207507503.75.%44657
14 AFGRI  692253.75.%25864
15 SENTULA  285103.64.%195644
16 ANOORAQ  860303.61.%3300
17 HARMONY  87952953.47.%2074809
18 DRDGOLD  330113.45.%181250
19 ANGLOPLAT  6720022003.38.%379421
20 BASREAD  1075353.37.%300682

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Major Moves Down
SharenameSaleMove% MoveVolume
1 OANDO  258-47-15.41.%86907
2 ARB  301-24-7.38.%4000
3 VERIMARK  135-10-6.90.%18855
4 URONE  3015-215-6.66.%52613
5 SASFIN  3379-221-6.14.%64613
6 JUBILEE  302-17-5.33.%237140
7 TRNSHEX  252-13-4.91.%47901
8 PHUMELELA  1050-50-4.55.%1100
9 PARACON  150-6-3.85.%614130
10 MRHLD  2600-92-3.42.%1280950
11 MAZOR  150-5-3.23.%124568
12 PPC  2428-72-2.88.%1999264
13 AFROX  1724-51-2.87.%9552
14 ELLIES   205-5-2.38.%1238168
15 SACOIL  208-5-2.35.%1014736
16 S-OCEAN  225-5-2.17.%27117
17 COAL  813-17-2.05.%266069
18 ALTRON-P  2500-50-1.96.%47937
19 BCX  520-10-1.89.%479310
20 SUNINT  8585-165-1.89.%71267

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New Highs
SharenameSaleHighMove% MoveVolume

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New Lows
SharenameSaleLowMove% MoveVolume
1 PPC  24282424-72-2.88.%1999264
2 AFROX  17241688-51-2.87.%9552
3 CADIZ  280275-5-1.75.%935322
4 GOLDREEF  1421120130.21.%553126

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Index Summary
Index NameRPMove% Move
Top 4028,126.26335.461.21%
Mid Cap39,936.21245.750.62%
Small Cap31,110.58284.640.92%
Resource 2055,795.12786.301.43%
Industrial 2525,907.27260.491.02%
Financial 157,893.4351.410.66%
Financial & Ind. 3029,143.30276.970.96%
All Share31,215.55347.241.12%
Oil & Gas 28,286.16108.400.38%
Mining 36,464.45595.721.66%
Gold Mining2,641.0966.722.59%
Platinum Mining74.771.121.52%
Oil & Gas Producers 15,208.9558.290.38%
Basic Materials 30,693.79470.421.56%
Chemicals 13,086.1653.130.41%
Forestry & Paper 13,865.63-60.13-0.43%
Industrial Metals 28,297.70290.581.04%
Industrials 26,529.43100.340.38%
General Industrials 73,244.96800.331.10%
Consumer Goods 25,484.14261.641.04%
Automobiles & Parts 3,023.05-9.06-0.30%
Household Goods152.52-0-0.21%
Health Care 30,743.55181.610.59%
Beverages 79,022.521876.042.43%
Food Producers 45,990.19496.101.09%
Index NameRPMove% Move
Personal Goods 392.31-2.50-0.63%
Consumer Services 51,148.49576.071.14%
General Retailers 38,930.50859.862.26%
Travel & Leisure 3,531.89-50.28-1.40%
Media 81,289.81-181.50-0.22%
Support Services 2,402.15-5.50-0.23%
Telecommunications 63,763.78966.961.54%
Financials 20,814.74134.790.65%
Banks 39,055.30392.061.01%
Non-life Insurance 30,008.25276.440.93%
Life Insurance 15,683.6040.270.26%
General Financial 2,187.5810.470.48%
Technology 20,190.90-40.92-0.20%
SHARIAH TOP40 3,184.73451.43%
FTSE/JSE SHARIAH ALL3,233.55431.34%
COAL MINING21,210.51-69-0.32%
FTSE JSE Fledgling 4,492.15-19-0.41%
FTSE/JSE Alt X 1,039.87-4-0.39%
RESOURCE 30,740.514511.49%
DIVIDEND PLUS161.0910.58%
FTSE/JSE RAFI 406,548.25691.06%
Capped Top 4014,633.841711.18%
Capped All Share15,703.061731.11%

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Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
24 Mar 2011ACCENTDecember 2010 (Interim)
24 Mar 2011EASTPLATSDecember 2010 (Final)
25 Mar 2011AFRO-CDecember 2010 (Interim)
25 Mar 2011AFROC-PDecember 2010 (Interim)
25 Mar 2011ANDDecember 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
SASFIN-P11-03-0211-03-1711-03-28R 3.6205
IMPERIALP11-02-2311-03-1711-03-28R 3.6123
CAPITEC-P11-02-2811-03-1711-03-28R 3.4377
PSGFIN PREF11-03-0111-03-1711-03-28R 3.4377
SANTAM11-03-0111-03-1711-03-28R 3.2500

Upcoming AGMs**
CodeCompany NameDateStatus
HDCHudaco Industries Ltd24/03/2011Confirmed
AMSPAnglo Platinum Ltd28/03/2011Confirmed
AMSAnglo Platinum Ltd28/03/2011Confirmed
OREOrion Real Estate Ltd29/03/2011Confirmed

Stock Exchange News Service
23/03/201117:32GEN - Capital Property Fund (South Africa): Acquisition of Pangbourne Properties
23/03/201116:55 Interwaste Holdings - Trading Update
23/03/201116:34 Harmony Gold Mining Company Ltd - Dealings in securities by Director of a
23/03/201116:24 BHP Billiton Board Changes
23/03/201116:17 Growthpoint - Dealing in securities by Directors, Directors of a major
23/03/201116:03 Clover Industries Limited - Dealing in securities by Director
23/03/201115:15 Vunani Limited - Sale of Vunani`s investment in Edge Holding Company
23/03/201115:12 Distribution and Warehousing Network Limited - Directors` dealing in
23/03/201115:00 Merafe Resources Limited - Posting of annual report and no change
23/03/201115:00 Platmin Limited - Platmin secures 6 Million 4E PGM ounces in The
23/03/201114:55ABL/ABLP - African Bank Investments Limited - Adjournment of special class
23/03/201114:52 Basil Read - Trading Statement
23/03/201114:43 Litha - Change to the board of Directors
23/03/201114:42 Verimark Holdings Limited - Change to board of directors
23/03/201114:30 Great Basin Gold Limited - Great Basin Gold`s hollister operation
23/03/201114:19 Trans Hex - Market Update
23/03/201113:23 Alert Steel Holdings Limited - Further cautionary announcement
23/03/201112:52 Dialogue - Trading Statement
23/03/201112:42 Brikor Limited - Change to board of directors and appointment of new
23/03/201112:12 AFGRI Limited - AFGRI Limited
23/03/201112:00 Capital Shopping Centres Group Plc - Site Visit By Analysts
23/03/201111:29 Aquarius Platinum Limited - Appendix 3Y
23/03/201111:00 AECI Limited - Appointment of a non-executive director
23/03/201110:35 Imuniti - Trial Results and Withdrawal of Cautionary Announcement
23/03/201110:26 1time holdings Limited - Dealings in securities by a Director
23/03/201110:19 Massmart - Competition Tribunal Hearing Process
23/03/201110:17 Redefine Properties International Limited - Potential Merger and Further
23/03/201110:16 Redefine Properties International Limited - Potential merger announcement
23/03/201110:02 Excellerate - Unaudited consolidated results for the six months ended 31
23/03/201109:38 Firestone Energy Limited - Investor presentation
23/03/201109:34 Firestone Energy Limited - New issue announcement, application for
23/03/201109:12 Mercantile Bank Holdings Limited - Unaudited disclosure in terms of
23/03/201109:00 Pan African Resources Plc - Pan African commences bulk earthworks at
23/03/201109:00 Jasco Electronics Holdings Limited - Unaudited interim results for the six
23/03/201109:00 Adcock Ingram Holdings Limited - Appointment of company secretary
23/03/201108:30 Merafe Resources Limited - Second quarter 2011 ferrochrome price
23/03/201107:15 Anglo American plc - Treasury Shares - Transfers
23/03/201107:10 British American Tobacco P.l.c - Transaction in own shares
23/03/201107:05 William Tell Holdings Limited - Receipt of second payment in respect of

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