The Sharenet Daily 
Friday, 08 April 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)

S Africa rand at 3-month highs, miners up on metal prices

By Phumza Macanda and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - South Africa's rand ended the week higher against a broadly weaker dollar on Friday but the rally could run out of steam after strong gains in recent weeks.

South African assets have been boosted recently along with other emerging markets as investors grow more confident about the global economic recovery and take advantage of rock bottom interest rates in the United States and Japan to invest elsewhere.

Domestic stocks booked their third straight week of gains with miners topping the gainers' list on stronger metal prices, which were boosted by the weaker dollar and recovery optimism.

The rand has climbed to fresh 3-month peaks every session this week, hitting 6.6310 on Friday partly on the back of favourable risk appetite.

By 1520 GMT, it was trading at 6.6447 to the dollar, 0.2 percent stronger than New York's close of 6.6635.

The rand will have to break 6.62 to open up the Jan 3 high of 6.55, but such a move will be a struggle.

"There's no denying the fact that the carry play is still in favour and there could be more gains in coming weeks especially if you look at the dollar which is being hammered," said Ion de Vleeschauwer, chief dealer at Bidvest.

"But it wll be tough to gain further and I expect it to find resistance in the 6.60 area," de Vleeschauwer said

The carry trade involves borrowing where interest rates are low and using funds raised to invest in higher-yielding assets.

Against the euro the rand has been rangebound, last trading at 9.58, off 3-month highs of 9.41 seen last week.

Reserve Bank Deputy Governor Daniel Mminele said late on Thursday the bank would continue building reserves but was not targeting a level for the exchange rate.

He said speculation among some analysts that the bank was comfortable with rand gains that are helping contain inflation were "misplaced".

Bonds strengthened in line with the rand taking yields to their lowest since late-February. Bonds will not likely sustain these gains mainly due to inflation concerns, analysts said.

The yield on the 2015 bond was down three basis points to 7.68 percent and that on the 2026 paper fell seven basis points to 8.625 percent.

On the bourse, Johannesburg's Top-40 blue-chip index added 0.58 percent to 29,561.08 points and the broader All-share index was up 0.53 percent at 32,806.27.

"The dollar is bit weaker and commodity prices are right up there but I think there's still an underlying nervousness in the market," one Johannesburg-based trader said.

"Libya is still a concern, Japan is still a concern and Europe is still struggling with debt. So this positive mood is fragile."

Violence in Libya, political unrest in North Africa and the Middle East, and Japan's March 11 earthquake had eroded confidence in commodities perceived as risky such as base metals.

But optimism in global economic growth has since returned, lifting world shares to their highest level in more than three years, and leading to gains in commodities.

Among equity movers, Anglo American climbed 2.79 percent to 362.85 rand and rival BHP Billiton was 2.04 percent better at 280.70 rand.

Copper rose about 2 percent to its highest level in a month as a weaker dollar and expectations for increasing demand boosted investor sentiment.

Elsewhere, Evraz Highveld Steel edged down 0.88 percent to 67.89 rand, after the steel maker said hot metal fell 8 percent in the first quarter.

Metorex lost 0.7 percent to 7.05 rand even after Brazil's Vale offered to buy the base metal miner for 7.5 billion rand, or 7.35 rand per share.

Fri, 08 Apr 2011
Top News
Wal-Mart Stores is committed to working with South African suppliers, it said on Friday, amid worries its acquisition of a 51 percent stake in Massmart would expose Africa's biggest economy to cheap imports.  Full story

South Africa's freight logistics group Transnet will on Friday reopen the remaining line linking the coal mines with the Richards Bay export terminal closed last week after a derailment.  Full story
With a midnight deadline approaching, the White House and U.S. Congress scrambled on Friday to break a budget impasse that threatens to shut down the government and idle thousands of federal workers.  Full story
Israeli air strikes and shelling killed nine Palestinians in the Gaza Strip Friday, with no end in sight to an Israeli operation against Hamas Islamists in retaliation for a rocket attack on an Israeli school bus.  Full story
Japan expects to stop pumping radioactive water into the sea from a crippled nuclear plant on Saturday, a day after China expressed concern at the action, reflecting growing international unease at the month-long nuclear crisis.  Full story
Higher commodity prices drove a bid for materials and energy stocks in an otherwise lackluster session on Friday, ahead of the start of. . .  Full story
Gold rose to a record high for a fourth straight day and silver surged on Friday, as a weaker dollar, the prospect of. . .  Full story
European shares set a five-week closing high on Friday, led by miners tracking stronger metal prices and investors positioning themselves for an expected positive. . .  Full story
Oil rose above $125 a barrel on Friday to its highest since August 2008 on concerns of long-term supply cuts, while expectations of. . .  Full story

Britain's top share index notched up a third week of gains and the highest close since mid-February after rising metals prices and deal-making. . .  Full story
Australian stocks climbed 0.7 percent on Friday to end near a one-year high, led by energy and healthcare stocks as investors overcame jitters. . .  Full story
The euro rose to a near 15-month high against the dollar on Friday on the single currency's widening yield advantage, while oil surged. . .  Full story
Gold struck a record high on Friday, and silver hit $40 an ounce for the first time since 1980, as a weaker dollar. . .  Full story
SA Business
South Africa's power supply is likely to remain tight for the next five years, creating a risk for Africa's largest economy. . .  Full story
South Africa needs to build its savings base to decrease reliance on foreign capital, Finance Minister Pravin Gordhan said on Friday.. . .  Full story
Gold Fields said on Friday that its attributable group production for the March quarter was expected to decline from the previous. . .  Full story
South Africa's rand rose against the dollar on Friday, supported by data showing the domestic economic recovery is on track and. . .  Full story

Brazil's Vale, the world's largest iron ore producer, bid $1.1 billion for Metorex Ltd to tap into its copper and cobalt. . .  Full story
Brazil's President Dilma Rousseff will travel to China next week for a 5-day visit during which she will push for a series of. . .  Full story
South African power utility Eskom said on Friday it had no plans for a new foreign bond issue at present.. . .  Full story
South Africa's Karoo, a vast arid wilderness, may contain gas reserves that could solve the country's energy problems -- but only. . .  Full story

Many investors are overlooking growth opportunities in Africa where some fast-growing economies offer potentially lucrative investments in infrastructure, telecommunications and agriculture, a top World Bank official said on Thursday.. . .  Full story
Two Rusian firms have agreed to participate in South Africa's 15 billion rand rare metals processing complex, Business Day Newspaper reported on Friday.. . .  Full story
South Africa's Reserve Bank will base policy action on an assessment of second-round effects of higher oil and food prices on inflation, deputy Governor Daniel Mminele said on Thursday.. . .  Full story
Company News
Headline earnings per share ("HEPS") from both continuing and discontinued operations is expected to be between 30% and 35% lower than that reported for the financial year ended 28 February 2010. . .  Full story
Following the practice of the holding company, Evraz Group SA, to release quarterly operational information, Evraz Highveld released its first quarter operational results. the results can be found on the company's. . .  Full story
Business Day reported that Imperial will distribute Mitsubishi vehicles in South Africa from June. Imperial said the group will now be allowed to import and wholesale Mitsubishi products such as the. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0032806.27173.020.53%
JSE Top 4017:0029561.08171.140.58%
JSE Gold17:002838.2618.640.66%
JSE Financial17:0021853.73-44.77-0.20%
JSE Industrial17:0032317.35-20.31-0.06%
JSE Indust 2517:0026978.45-27.78-0.10%
JSE Resource17:0058936.19888.021.53%
DJ Futures20:0012335.00-18.00-0.15%
DJ Ind18:4112396.25-13.24-0.11%
SP 50019:301331.93-1.58-0.12%
FTSE 10017:356055.7548.380.81%
All Ords08:385036.5031.000.62%
NZSE 5007:263445.28-5.08-0.15%
NameTimeRPMove% Move
Gold/R kg20:0031412216380.52%
Brent Crude19:56126.043.282.67%
Rand / Dollar19:576.6300-0.0297-0.45%
Rand / Pound19:5510.84070.00500.05%
Rand / Euro19:559.60010.07500.79%
Rand / NZD19:565.20530.02100.41%
Rand / AUD19:557.01630.04480.64%
Yen / Dollar19:5784.8700-0.1200-0.14%
Euro / Dollar19:550.6925-0.0063-0.90%
Dollar / Euro19:561.44340.01270.89%
Pound / Dollar19:550.6114-0.0012-0.20%

Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 NICTUS  120109.09.%15000
2 MARSHALL  649498.17.%7996
3 CADIZ  300207.14.%61000
4 VIVIDEND  501296.14.%18100
5 ADCORP  26891395.45.%69980
6 HCI  78004005.41.%64483
7 SPURCORP  1399675.03.%492
8 OANDO  315155.00.%116316
9 MERAFE  15553.33.%2866006
10 ARB  320103.23.%127250
11 LIFEHC  1680493.00.%5760758
12 ANGLO  362859852.79.%3241515
13 UNIVERSAL  18552.78.%12000
14 LITHA  23962.58.%579192
15 STEFSTOCK  1200302.56.%319756
16 EXXARO  172764182.48.%1865176
17 NEDCOR  149253332.28.%2252443
18 KUMBAIO  4900010092.10.%349439
19 ZEDER  24852.06.%63393
20 BILLITON  280705602.04.%2909417

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Major Moves Down
SharenameSaleMove% MoveVolume
1 RA-HOLD  362-38-9.50.%7000
2 BLUETEL  615-25-3.91.%1311330
3 METROFILE  184-6-3.16.%586807
4 TELEMASTR  125-4-3.10.%7500
5 EQSTRA  650-20-2.99.%9489
6 SACOIL  199-6-2.93.%2177605
7 FREEWORLD  1150-30-2.54.%1107
8 STANBANK  10199-238-2.28.%6904487
9 AFRO-C  185-4-2.12.%5772
10 KAP  235-5-2.08.%14528
11 CMH  1250-25-1.96.%73181
12 NORTHAM  4368-81-1.82.%257626
13 KEATON   330-6-1.79.%382274
14 COAL  942-16-1.67.%510606
15 TFG  8760-142-1.60.%2642071
16 SANTAM  12800-200-1.54.%56375
17 SASFIN  3450-50-1.43.%1206
18 HYPROP  5215-75-1.42.%111788
19 BELL  1330-19-1.41.%89940
20 CAPCO  1775-25-1.39.%82043

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New Highs
SharenameSaleHighMove% MoveVolume
1 LIFEHC  16801695493.00.%5760758
2 KUMBAIO  490004935010092.10.%349439
3 BRIMSTON  8251825151.85.%14000
4 GOLDONE  32532851.56.%712558
5 GLENMIB  20420420.99.%405153
6 EOH  1900193010.05.%472107
7 AECI  856587950.80530
8 INVICTA  43014629-29-0.67.%36735

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New Lows
SharenameSaleLowMove% MoveVolume
1 MARSHALL  649450498.17.%7996

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Index Summary
Index NameRPMove% Move
Top 4029,561.08171.140.58%
Mid Cap42,005.5999.590.24%
Small Cap32,471.0973.830.23%
Resource 2058,936.19888.021.53%
Industrial 2526,978.45-27.78-0.10%
Financial 158,301.14-30.08-0.36%
Financial & Ind. 3030,444.78-63.58-0.21%
All Share32,806.27173.020.53%
Oil & Gas 30,100.44-78.02-0.26%
Mining 38,549.76655.611.73%
Gold Mining2,838.2618.640.66%
Platinum Mining75.76-.16-0.21%
Oil & Gas Producers 16,184.45-41.95-0.26%
Basic Materials 32,509.48522.671.63%
Chemicals 13,466.04-35.21-0.26%
Forestry & Paper 14,676.9637.050.25%
Industrial Metals 31,380.96328.661.06%
Industrials 28,
General Industrials 77,090.63-47.05-0.06%
Consumer Goods 26,108.37-94.52-0.36%
Automobiles & Parts 3,211.0040.761.29%
Household Goods158.94-1-0.67%
Health Care 31,894.41323.001.02%
Beverages 83,034.30-348.55-0.42%
Food Producers 47,730.1470.250.15%
Index NameRPMove% Move
Personal Goods 384.42-1.60-0.41%
Consumer Services 54,100.84214.980.40%
General Retailers 41,836.93186.180.45%
Travel & Leisure 3,642.744.470.12%
Media 84,848.69616.250.73%
Support Services 2,445.4656.212.35%
Telecommunications 66,202.16-486.10-0.73%
Financials 21,853.73-44.77-0.20%
Banks 41,139.26-398.31-0.96%
Non-life Insurance 31,038.84-484.98-1.54%
Life Insurance 16,539.5767.610.41%
General Financial 2,306.06.040.00%
Technology 20,869.98-185.76-0.88%
SHARIAH TOP40 3,363.62371.11%
FTSE/JSE SHARIAH ALL3,414.49351.02%
COAL MINING23,495.204642.02%
FTSE JSE Fledgling 4,522.92110.24%
FTSE/JSE Alt X 1,028.2350.46%
RESOURCE 32,527.134671.46%
DIVIDEND PLUS170.3000.04%
FTSE/JSE RAFI 406,875.55220.33%
Capped Top 4015,355.90570.37%
Capped All Share16,486.36710.43%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
11 Apr 2011FAIRVESTDecember 2010 (Interim)
11 Apr 2011FAIRVESTPDecember 2010 (Interim)
11 Apr 2011ZEDERFebruary 2011 (Final)
11 Apr 2011ZEDERPFebruary 2011 (Final)
12 Apr 2011PBTFebruary 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
NAIL11-04-0511-04-1911-05-03R 0.1760
SBR00311-04-0511-04-1911-05-05R 1.4100
NAIL -N-11-04-0511-04-1911-05-03R 0.1760
TELEMASTR11-04-0111-04-1911-05-03R 0.0400
NTC PREF11-04-0111-04-1911-05-03R 3.4161
Ex Div**
Share NameDec-DateLDTPay-DateAmount
SHFINV-PREF11-03-0111-04-0811-04-18R 3.6200
SASOL11-03-0711-04-0111-04-11R 3.1000
EXXARO11-02-2411-04-0111-04-11R 3.0000
NEDBANK11-02-2811-04-0111-04-11R 2.6800
STANBANK11-03-0311-04-0111-04-11R 2.4500

Upcoming AGMs**
CodeCompany NameDateStatus
MRFMerafe Resources Ltd13/04/2011Unconfirmed
CILConsolidated Infrastructure Group Ltd15/04/2011Confirmed

Stock Exchange News Service
08/04/201117:39 Metorex Limited - Directors` dealings in securities
08/04/201117:00 African Rainbow Minerals Limited - Director`s dealings in ARM securities
08/04/201116:23 Hyprop Investments Limited - Hyprop`s Proposed Acquisition of 100% of the
08/04/201116:20 Astrapak Limited - Trading statement financial year ended 28 February 2011
08/04/201116:19 William Tell Holdings Limited - Receipt of third payment in respect of DTI
08/04/201115:37 WG Wearne Limited - Update relating to Portland disposal, creditors`
08/04/201115:21 IFA Hotels & Resorts Limited - Notification of share dealing by directors
08/04/201115:14ASA/ABSP - Absa Group/Absa Bank - Notice Of Dealings in securities in terms of
08/04/201115:00 Exxaro - Acceptance Of Conditional Awards Released in terms of the Exxaro
08/04/201114:46MNDNIF - Nedbank - Dividend distribution announcement in relation to the MND
08/04/201114:45MNPNIF - Nedbank - Dividend distribution announcement in relation to the MNP
08/04/201114:38 Vunani Limited - Cautionary announcement
08/04/201114:35 Metorex Limited - Joint announcement of a firm intention by Vale to make
08/04/201113:10 Anglo American Plc - Treasury Shares - Transfers
08/04/201113:00 Evraz Highveld Steel and Vanadium Limited - First quarter ending 31 March
08/04/201112:09 Ellies - Change to the board of Directors
08/04/201112:05CLR - Clover Industries Limited - Clover to exclusively merchandise all Danone
08/04/201111:44 Nedbank Group - Dealing in Securities by Non-executive Director
08/04/201111:42 Vividend - Condensed Unaudited Consolidated Interim Financial Statements
08/04/201111:29 Moneyweb Holdings Limited - Changes to the board
08/04/201111:22 Ububele Holdings Limited - Renewal of cautionary announcement
08/04/201111:17 O-line Holdings Limited - Revised pro forma financial effects and
08/04/201111:15 Aspen Pharmacare Holdings Limited - Dealing in securities by director of
08/04/201110:33 Rare Holdings Limited - Role of Company Secretary
08/04/201110:12 Bidvest - Directors` dealings in securities
08/04/201110:05 BHP Billiton Plc - Market price for the off-market buy-back of BHP
08/04/201109:52 William Tell Holdings Limited - Appointment of non-executive director and
08/04/201109:04 SacOil - SacOil commences trading on Alternative Investment Market
08/04/201108:09 Gold Fields Limited - Media Release
08/04/201108:00GLD - NewGold Issuer Limited - Listing of additional Newgold debentures
08/04/201107:54NEDB - Nedbank Limited - Issue of share instalments
08/04/201107:10 British American Tobacco p.l.c - Transaction in own shares
08/04/201107:05 Phumelela Gaming and Leisure Limited - The Group`s unaudited condensed
08/04/201107:05 Gold One International Limited - Appendix 3B new issue announcement,

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