The Sharenet Daily 
Monday, 28 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 (Spot Prices)
JSE Today
JSE Trading Statistics
Major Moves
Index Summary
Latest Consensus Changes / Results Expected
Recent Dividends / Ex Div
Upcoming AGMs
Stock Exchange News Service (SENS)

Zimbabwe news weighs on S.African stocks, bonds weaken

By Phumza Macanda and Gugulakhe Lourie

JOHANNESBURG (Reuters) - South African resource-heavy bourse fell on Monday, dragged lower by platinum shares as Zimbabwe turned up the heat on foreign mining firms.

Impala Platinum, the world's second-largest producer of the precious metal, was the biggest loser after reports that foreign mining firms in Zimbabwe must sell a majority stake to local black investors within six months.


The JSE Top-40 index of blue chips was down 0.8 percent to end 28,264.76 and the broader All-share index shed 0.69 percent to 31,377.12.

"I think this is because of the Zimbabwean story," said Abri du Plessis, chief investment officer at Gryphon Asset Management, referring to the share price falls.

"That 51 percent that they want in local hands looks fairly fixed at this point in time so that's basically driving the platinum stocks down."

The JSE platinum mining index fell 2.58 percent, led by Impala Platinum dropping 2.82 percent to 192 rand and rival miner Lonmin losing 2.31 percent to 183.16 rand.

London and Johannesburg-listed Aquarius Platinum, the world's fourth largest primary platinum producer, lost 8.54 percent to 37.50 rand.

Bidvest lost 2.23 percent to 146.55 rand as shares of the industrial group trades ex-dividend. Also trading ex-dividend is Africa's biggest mobile phone operator MTN, which dropped 2.26 percent to 131.19 rand and miner Anglo American fell 1.69 percent to 349 rand.


Government bonds weakened a bit, reversing some of last week's gains that were partly driven by strong foreign buying.

The yield on the 2015 bond was down 0.5 basis points to 7.76 percent and the longer dated 2026 bond yield fell two basis points to 8.935 percent.

Foreigners were net buyers of South African bonds last week for the first time since late February, buying 5.9 billion rand worth of local debt as investor aversion toward high risk assets subsided.

On the currency front, the rand was steady, trading at 6.8660 against the dollar at 1535 GMT, not far from Friday's New York close of 6.8645.

"It's looking for some direction and I think that direction will come from the euro. It's not likely to move out of this range unless it goes above 6.92," said Jim Bryson, chief dealer at RMB.

The rand has strong resistance at 6.85, which attempted to break twice last week. Should it pierce that level decisively it would open up 6.81, its strongest level in March.

Deputy Finance Minister Nhlanhla Nene said on Monday the government spent over 50 billion rand in the past twelve months in its efforts to stabilise the rand, a heavily traded currency in global markets.

Mon, 28 Mar 2011
Top News
South Africa's iron ore industry has the potential to more than double output in the next 10 years under suitable growth conditions, Kumba Iron Ore said in a report issued on Monday.  Full story

South Africa has spent over 50 billion rand over the past year to try and stabilise the volatile rand currency, Deputy Finance Minister Nhlanhla Nene said on Monday.  Full story
The euro weakened on Monday after German Chancellor Angela Merkel's conservatives were routed in elections in a key state, while world shares eased back after their recent rally.  Full story
Plutonium found in soil at the crippled Fukushima nuclear complex heightened alarm on Tuesday over Japan's lengthy battle to contain the world's worst atomic crisis in 25 years.  Full story
Rebels advanced towards the birthplace of Libyan leader Muammar Gaddafi on Monday, firing mortars and heavy machineguns in sporadic clashes with loyalist forces.  Full story
The euro rose on Monday on expectations of higher euro-zone interest rates while world stocks eked out gains as concerns about Middle East. . .  Full story
European shares edged higher on Monday, with tech stocks Alcatel-Lucent and Nokia lifting the sector after a ratings upgrade.. . .  Full story
Gold prices continued to cut their losses on Monday as the dollar erased gains on the euro, once the European Central Bank seemed. . .  Full story
U.S. stocks advanced on Monday, boosted by strength in telecommunications and an eighth straight monthly rise in consumer spending, but jitters about overseas concerns. . .  Full story

Bullish broker comment helped push the banking sector higher on Monday, as Britain's top share index neared key technical resistance levels after its. . .  Full story
The Nikkei average nudged lower on Monday after reports of soaring radiation levels at a damaged nuclear plant, with the benchmark tethered in. . .  Full story
Australian shares edged lower on Monday, ending a six-day wining streak, as BHP Billiton and other miners retreated from recent highs on. . .  Full story
Global stocks posted their best week since December on Friday, while the dollar rallied after a Federal Reserve official said the U.S. central. . .  Full story
SA Business
South Africa's rand was barely changed against the dollar on Monday and is unlikely to respond much to domestic data this week after last week's widely expected central bank decision to leave interest rates on hold.. . .  Full story

U.S. retailer Wal-Mart Stores is taking Namibia's competition watchdog to court over conditions attached to its bid for control of South. . .  Full story
EADS <EAD.PA> has ended a three-year acquisition drought in North America with a C$625 million ($640 million) cash bid for Canadian overhaul and repair. . .  Full story
Shares in South Africa-listed platinum miners tumbled on Monday as Zimbabwe turned up the heat on foreign mining firms and gave. . .  Full story
Egypt's Orascom Telecom said on Monday it was seeking to raise its capital to 14 billion Egyptian pounds from 7.5 billion. . .  Full story
Company News
Shareholders wee advised of the following changes to the board/executive team of Grindrod: *Laurence Stuart-Hill, executive director and Chief Executive of. . .  Full story
Notification was given of the appointment of the following independent non-executive directors on the boards of Sanlam and Sanlam Life Insurance. . .  Full story
Shareholders are advised that at the annual general meeting of Angloplat held on 28 March 2011, all the resolutions set out. . .  Full story
According to Business Day, Pretoria Portland Cement is building up its operations in the Western Cape, Despite SA's deepest cement market. . .  Full story

The following offering circular has been approved by the UK Listing Authority and is available for viewing: Offering circular dated 25 March 2011 (the "offering circular") relating to the USD10 000 000 000 Euro Medium Term Note Programme by Anglo and. . .  Full story
The Government of Zimbabwe gazetted the Indigenisation and Economic Empowerment Act in 2007. This Act made provision for the indigenisation of up to 51% of all foreign owned businesses operating in Zimbabwe. Regulations in support of the Act were subsequently published. . .  Full story
Company Results
Net gains on investments and income from operations grew significantly to USD195.9 million (USD66.7 million) and profit from operations more than doubled to USD157.9 million (USD61.5 million). Net profit for the. . .  Full story
Revenue 7%. . .  Full story
Revenue rose to R460.8million (R440.1 million). Operating profit decreased to R16.9 million (R18.3 million), but net attributable earnings improved slightly to R6.6 million (R6.5 million). In addition, headline earnings per share. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0031377.12-218.77-0.69%
JSE Top 4017:0028264.76-227.79-0.80%
JSE Gold17:002660.09-30.26-1.12%
JSE Financial17:0020945.46-18.68-0.09%
JSE Industrial17:0031275.01-219.29-0.70%
JSE Indust 2517:0026188.94-237.22-0.90%
JSE Resource17:0055623.19-592.81-1.05%
DJ Futures19:3012185.0015.000.12%
DJ Ind18:2112238.3717.780.15%
SP 50017:301316.792.990.23%
FTSE 10017:355904.493.730.06%
All Ords07:374831.90-8.40-0.17%
NZSE 5006:063408.0519.440.57%
NameTimeRPMove% Move
Gold/R kg20:00313461-2809-0.89%
Brent Crude19:56115.53.300.26%
Rand / Dollar19:576.86360.01010.15%
Rand / Pound19:5510.95310.01710.16%
Rand / Euro19:559.66800.04530.47%
Rand / NZD19:575.16880.01810.35%
Rand / AUD19:557.05450.03100.44%
Yen / Dollar19:5781.69000.31000.38%
Euro / Dollar19:550.7094-0.0023-0.32%
Dollar / Euro19:571.40860.00430.31%
Pound / Dollar19:450.62450.00010.02%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 AVUSA  250038918.43.%11463
2 VERIMARK  154117.69.%114734
3 AFRO-C  199147.57.%12000
4 KAP  235156.82.%1393287
5 GOLDONE  270155.88.%1737459
6 CADIZ  280155.66.%34000
7 CASHBIL  96444945.40.%3468
8 MVELAGRP  299155.28.%605244
9 PETMIN  304144.83.%192848
10 CAPITEC  168997494.64.%148051
11 COAL  857364.38.%46965
12 DCENTRIX  510204.08.%8000
13 SENTULA  285103.64.%52184
14 ITLTILE  435153.57.%200
15 PALLINGHT  414122.99.%200382
16 REUNERT  58201422.50.%226970
17 UCS  20552.50.%70134
18 MRHLD  2617572.23.%634964
19 ASPEN  80241742.22.%2929170
20 SPURCORP  1350292.20.%84750

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Major Moves Down
SharenameSaleMove% MoveVolume
1 HWANGE  440-120-21.43.%10000
2 URONE  2850-294-9.35.%213145
3 AQUARIUS  3750-350-8.54.%21156
4 CROOKES  3700-300-7.50.%29000
5 SABLE  1400-100-6.67.%42
6 ONELOGIX  125-7-5.30.%149425
7 KEATON   305-15-4.69.%126318
8 OANDO  255-11-4.14.%10082
9 PLATMIN  530-20-3.64.%20972
10 MMI-HLDGS  1619-61-3.63.%2001299
11 PUTPROP  540-20-3.57.%113
12 DELTA  810-30-3.57.%24250
13 TRADEH  675-24-3.43.%901
14 GBGOLD  1750-60-3.31.%1280
15 JUBILEE  303-10-3.19.%51190
16 ANOORAQ  760-25-3.18.%32513
17 SASFIN  3395-104-2.97.%9254
18 CBH  340-10-2.86.%2000
19 IMPLATS  19200-558-2.82.%2389088
20 EQSTRA  632-17-2.62.%50312

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New Highs
SharenameSaleHighMove% MoveVolume
1 AVUSA  2500250038918.43.%11463
2 GOLDONE  270271155.88.%1737459
3 METAIR  14001436100.72.%301841
4 UNIVERSAL  1621650.20000

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New Lows
SharenameSaleLowMove% MoveVolume
1 KEATON   305285-15-4.69.%126318
2 PARACON  140140-2-1.41.%2000

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Index Summary
Index NameRPMove% Move
Top 4028,264.76-227.79-0.80%
Mid Cap40,178.84-85.32-0.21%
Small Cap31,426.62224.510.72%
Resource 2055,623.19-592.81-1.05%
Industrial 2526,188.94-237.22-0.90%
Financial 157,935.68-13.18-0.17%
Financial & Ind. 3029,435.50-191.21-0.65%
All Share31,377.12-218.77-0.69%
Oil & Gas 28,409.20-127.35-0.45%
Mining 36,412.48-383.77-1.04%
Gold Mining2,660.09-30.26-1.12%
Platinum Mining73.31-1.94-2.58%
Oil & Gas Producers 15,275.10-68.48-0.45%
Basic Materials 30,696.26-300.27-0.97%
Chemicals 13,164.7937.150.28%
Forestry & Paper 14,089.76-87.36-0.62%
Industrial Metals 28,849.5414.360.05%
Industrials 26,731.20-199.16-0.74%
General Industrials 74,072.82-758.99-1.01%
Consumer Goods 25,690.08-176.93-0.68%
Automobiles & Parts 3,170.2422.640.72%
Household Goods156.15-1-0.52%
Health Care 30,807.67112.530.37%
Beverages 80,570.50-755.20-0.93%
Food Producers 45,878.01-335.11-0.73%
Index NameRPMove% Move
Personal Goods 389.42-1.40-0.36%
Consumer Services 52,223.61-262.33-0.50%
General Retailers 39,281.5036.450.09%
Travel & Leisure 3,553.0611.930.34%
Media 84,382.52-1091.36-1.28%
Support Services 2,398.40-4.43-0.18%
Telecommunications 63,991.47-988.41-1.52%
Financials 20,945.46-18.68-0.09%
Banks 39,224.79-77.97-0.20%
Non-life Insurance 30,250.74-133.37-0.44%
Life Insurance 15,876.1846.200.29%
General Financial 2,199.24-6.35-0.29%
Technology 20,289.34137.370.68%
SHARIAH TOP40 3,188.87-33-1.03%
FTSE/JSE SHARIAH ALL3,239.58-30-0.92%
COAL MINING21,713.47490.23%
FTSE JSE Fledgling 4,456.68-11-0.24%
FTSE/JSE Alt X 1,019.5420.24%
RESOURCE 30,720.49-299-0.96%
DIVIDEND PLUS162.9100.16%
FTSE/JSE RAFI 406,575.86-47-0.71%
Capped Top 4014,716.04-121-0.82%
Capped All Share15,789.24-112-0.70%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
29 Mar 2011CASHBILDecember 2010 (Interim)
29 Mar 2011SABLEDecember 2010 (Interim)
29 Mar 2011SELCODecember 2010 (Interim)
30 Mar 2011CAPEMRDecember 2010 (Final)
30 Mar 2011CAPITECFebruary 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
STANBANK11-03-0311-04-0111-04-11R 2.4500
AFGRI11-03-0211-05-1311-05-23R 0.2415
CAPCO11-03-0211-04-0811-05-19R 0.0100
SHFINV-PREF11-03-0111-04-0811-04-18R 3.6200
SPANJAARD11-02-2811-05-2011-05-30R 0.1600
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ASTRAPAKP11-03-0411-03-2511-04-04R 3.4269
STANBANK-P11-03-0311-03-2511-04-04R 3.3790
BIDVEST11-02-2811-03-2511-04-04R 2.2500
TRENCOR11-02-2811-03-2511-04-04R 1.0000
SASFIN11-03-0211-03-2511-04-04R 0.4900

Upcoming AGMs**
CodeCompany NameDateStatus
AMSAnglo Platinum Ltd28/03/2011Confirmed
AMSPAnglo Platinum Ltd28/03/2011Confirmed
OREOrion Real Estate Ltd29/03/2011Confirmed
TLMTeleMasters Holdings Ltd01/04/2011Unconfirmed

Stock Exchange News Service
28/03/201117:46 Avusa Limited - Receipt of an unsolicited expression of interest to
28/03/201117:45 Avusa - Receipt of an unsolicited expression of interest to acquire the
28/03/201117:42 Wilderness Holdings Limited - Results of the extraordinary general meeting
28/03/201117:11 Standard Bank Group - Director`s Dealings in Securities
28/03/201117:07 Kaydav Group Limited - Audited results for the year ended 31 December 2010
28/03/201117:02 Primeserv Group Limited - Compensation for contracts from HRS and
28/03/201117:00 Group Five Limited - Dealing in securities by a director of a major
28/03/201116:50 Bauba Platinum Limited - Successful conclusion of the reinstatement
28/03/201116:45FFA/FFB - Fortress Income Fund Limited - Dealing in Securities
28/03/201116:45 Cipla Medpro - Dealing in securities by a Director
28/03/201116:27 Village Main Reef Limited - Waiver of mandatory offer
28/03/201116:20GND & GNDP - Grindrod Limited - Directorate
28/03/201116:00 RBA Holdings Limited - Trading Statement
28/03/201115:59 Sanlam Limited - Appointment of new directors
28/03/201115:44 Anglo Platinum Limited - Results of annual general meeting and change of
28/03/201115:34TAW - Tawana Resources NL - Expiry of listed options
28/03/201115:00MND / MNP - Mondi Limited / Mondi plc - Notification of Major Interests in
28/03/201114:47SFN - Sasfin Holdings Limited - Semi-Annual Report in terms of Regulation 43 (1)
28/03/201113:45 British American Tobacco p.l.c - Notification of transactions of
28/03/201113:36STANSX - STANLIB SWIX 40 FUND - Distribution Announcement
28/03/201113:30 Keaton Energy Holdings Limited - Dealing in securities by a director
28/03/201113:29STAN40 - Stanlib Top 40 Fund - Distribution Announcement
28/03/201113:26 Sea Kay Holdings Limited - Trading Update
28/03/201113:25 Alert Steel Holdings Limited - Trading Update
28/03/201113:00ZGOVI - Zshares GOVI - Distribution announcement and conversion ratio
28/03/201112:49 Hulamin Limited - Dealing in securities by a director
28/03/201112:36 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
28/03/201111:32 Universal Industries Corporation Limited - Dealing in securities
28/03/201111:03 Sable Holdings Limited - Trading statement
28/03/201111:01 Decillion Limited - No change statement and notice of annual general
28/03/201110:51 Woolworths Holdings Limited - Dealing in securities by a director
28/03/201110:30 Tawana Resources NL - Change of director`s interest notice
28/03/201110:01PAPIVB - Investec Bank Limited - Notice Regarding Pangbourne Properties Limited
28/03/201109:33 Rare Holdings Limited - Trading statement
28/03/201109:00 British American Tobacco P.l.c - Annual Report for the Year Ended 31
28/03/201109:00 Advtech Limited - Condensed consolidated statement of comprehensive income
28/03/201108:21 Vunani Limited - Updated trading statement
28/03/201108:06 Metorex Limited - Cautionary Announcement
28/03/201107:15 Anglo American plc - Publication of Offering Circular
28/03/201107:10 British American Tobacco p.l.c.- Transaction in own shares
28/03/201107:05 Aquarius Platinum Limited - Indigenisation and economic empowerment
28/03/201107:05 Amalgamated Electronic Corporation Limited - Programme relating to the
28/03/201107:05 Pallinghurst Resources Limited - Provisional results for the year ended 31

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