The Sharenet Daily 
Monday, 09 May 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.

The Sharenet Daily includes helpful charts that give a graphical impression of events, and our news content is sourced from a number of contributors, including Reuters. In addition, Sharenet's popular price information is available in our Spot Price format which provides a snapshot of the JSE and world indices, currencies and commodities.

All the JSE trading statistics; major movers; latest dividends; upcoming AGM dates and more are provided to insure that you keep abreast of market developments. The Sharenet Daily is published at 8pm each day on the website and also distributed via email for your convenience. As always, we welcome your comments, feedback and suggestions at
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)

Euro debt worries weigh on S.Africa's rand,stocks

By Phumza Macanda and Gugulakhe Lourie

JOHANNESBURG (Reuters) - The South African rand weakened against the dollar on Monday, giving up its earlier gains partly on Reserve Bank and importers' demand for dollar.

Also weighing on the rand was a weak euro -- the currency of South Africa's largest trading partner -- which was battered by sovereign debt concerns after Standard and Poor's cut Greece's credit rating.

Government bonds firmed as they continued to attract foreign buyers and yields were at their lowest since January.

Domestic stocks ended on a negative note, tracking European stocks that were hit by concerns over European debt.

The rand hit a session high of 6.66 earlier, gains that attracted dollar buyers.

"There's still importers and the central bank looking for these sort of level to come in," said Ion de Vleeschauwer, chief dealer at Bidvest Bank.

Data earlier showed the central bank's reserves accumulation continued in April, with gross reserves rising to $50.6 billion.

By 1530 GMT, the rand had given up its earlier gains to trade at 6.7565 to the dollar, 0.78 percent weaker than Friday's New York close of 6.7045.

"The euro is getting hammered as the Greece problem is dominating news. If the dollar keeps on strengthening the rand is just going to burst and we could see 6.85," de Vleeschauwer said.

Foreigne buying boosted local bonds, dealers said, taking yields to their lowest since January.

The yield on the 2015 bond was down 2 basis points to 7.565 percent and that on the 2026 issue fell 4.5 basis points to 8.56 percent.

The main event this week is the Reserve Bank's interest rate decision on Thursday, at which the bank is expected to leave the repo rate steady at 5.5 percent.

After cutting rates by 650 basis points in the two years to December 2008, the bank ended its loosening cycle in January and the market will be looking to its statement for clues on when it will start tightening policy.

For now, the money market is pricing in a 50 basis point cut in November.

On the bourse, the JSE Top-40 index of blue chips closed 0.9 percent lower at 28,369.46 and the broader All-share index fell 0.84 percent to 31,609.78.

Steel producer AccelorMittal South Africa dropped 4.54 percent to 81 rand and petrochemicals producer Sasol fell 2.77 percent to 351 rand.

Impala Platinum lost 2.32 percent to 185.60 rand and Anglo American Platinum shed 2.02 percent to 620 rand.

Sappi was down 2.89 percent to 33.65 rand after the paper maker said it had trimmed its headline loss in the second quarter and expect the third quarter to be flat due to seasonal factors.

Platinum producer Lonmin, bucked the trend after doubling operating profit to $144 million in the first half, to close 1.7 percent firmer to 173 rand. .

Mon, 09 May 2011
Top News
Revenue increased from R2.6 billion to R2.7 billion in 2011.Gross profit decreased to R575.5 million (2010:R653.5 million) and operating profit decreased to R190.3 million (2010:R267.8 million).Headline earnings per share from continued operations decreased to 73.5cps (2010:116.9cps). Di  Full story

South Africa exported 1.2 million tonnes of thermal coal to India in April, a fall from 1.5 million shipped in March, exporter sources said.  Full story
Pakistan Prime Minister Yusuf Raza Gilani Monday rejected allegations that the killing of Osama bin Laden by U.S. troops in the country showed Pakistani incompetence or complicity in hiding the al Qaeda leader.  Full story
NATO planes pounded Libyan government weapons depots southeast of the town of Zintan on Monday, in a sign of widening conflict in the Western Mountains region as rebels battle to unseat Muammar Gaddafi.  Full story
Yemeni forces fired at protesters blockading a government building Monday, killing a shopkeeper and two protesters in a city that has seen some of the largest demonstrations against President Ali Abdullah, witnesses said.  Full story
New-found worries that Greece may be forced to restructure its debt dragged the euro lower on Monday and took a toll on European. . .  Full story
Gold gained 1 percent on Monday and silver surged 5 percent, bouncing up on bargain hunting after last week's sharp sell-offs and boosted. . .  Full story
European shares fell on Monday after banks were hit by a Greek credit rating downgrade, with further weakness seen for financials as investors. . .  Full story
U.S. stocks moved higher on Monday as a bounce back in commodities lifted energy and materials shares, offsetting concerns about European debt.. . .  Full story

Weak banks weighed on Britain's leading share index on Monday, with the sector hit by their capitulation in a fight over loan insurance. . .  Full story
Tokyo stocks fell for a second straight session on Monday, dragged down by a plunge in Chubu Electric after Prime Minister Naoto Kan. . .  Full story
Australian stocks rose 0.3 percent on Monday, finishing off session highs as banks gave up early gains in low volume trade ahead of. . .  Full story
Silver rose 2 percent on Friday, snapping a five-day losing streak that cut prices by almost a third, while gold rose after encouraging. . .  Full story
SA Business
South African government bonds and the rand currency started the week on a firmer footing on Monday as dealers looked favourably to risky assets and also supported by a rebound in. . .  Full story
Harmony Gold said on Monday that it had suspended tramming operations at its Kusasalethu mine in South Africa after a worker died there on Saturday in a locomotive accident.. . .  Full story
South Africa's net gold and foreign exchange reserves rose to 46.039 billion at the end of April from $44.725 billion in March, data from the Reserve Bank showed on Monday.. . .  Full story

Great Western Minerals said on Monday it had received full approval from the South African nuclear regulator to begin refurbishing the. . .  Full story
South Africa's Industrial Development Group said on Monday it was studying financing for the construction of a 1,200 megawatt hydroelectric dam. . .  Full story
Trimble Navigation Ltd agreed to buy Finnish software company Tekla Oyj for 337 million euros ($485 million) to expand its construction and infrastructure operations.. . .  Full story
The long-term viability of South Africa's economy is being eroded by a steady flow of above-inflation wage deals that have been making the. . .  Full story

Platinum producer Lonmin said operating profit more than doubled in the first half and reaffirmed its closely watched 2011 sales guidance, provided it can avoid safety stoppages that have hampered production.. . .  Full story
Company News
Shareholders were advised that the company's annual financial statements for the year ended 31 December 2010 were posted to shareholders on. . .  Full story
Further to the cautionary announcement dated 11 February 2011 and subsequent renewal of cautionary announcement dated 24 March 2011, shareholders were. . .  Full story
Further to the announcement on 19 May 2010, Bakar Jakoet succeeded Dennis Cope as chief finance officer, and was appointed as. . .  Full story
At the fifth (5th) annual general meeting of the shareholders of Kumba held on Friday, 6 May 2011 all the ordinary. . .  Full story

Taste is currently finalising its results for the year ended 28 February 2011 and shareholders are advised that the directors anticipate. . .  Full story
Shareholders are referred to the previous cautionary announcements, the last of which was dated 18 March 2011, and are advised that. . .  Full story
A review of the financial results for the six month period ended 31 March 2011 by management has indicated that the. . .  Full story
According to Business Report, Nedbank would focus on growing its non-interest business in the current financial year after seeing a 16.4. . .  Full story
Company Results
Turnover rose to R102.1 million (R90.9 million). Gross profit increased to R40.5 million (R31.8 million) and profit from operations more than doubled to R9.1 million (R3.4 million). Net attributable profit also. . .  Full story
Revenue for the interim period ended March 2011 improved to USD938 million (USD661 million) and operating profit rose significantly to USD144 million (USD65 million). Profit attributable to ordinary equity holders jumped. . .  Full story
Sales revenue for the interim period ended 31 March 2011 increased to USD3.697 billion (2010: USD3.196 billion). Gross profit more than doubled to USD464 million (2010: USD222 million), and operating profit. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0031609.78-269.05-0.84%
JSE Top 4017:0028369.46-257.40-0.90%
JSE Gold17:002558.75-26.01-1.01%
JSE Financial17:0021317.23-155.98-0.73%
JSE Industrial17:0032385.01-211.06-0.65%
JSE Indust 2517:0027156.01-184.20-0.67%
JSE Resource17:0054200.99-603.64-1.10%
DJ Futures19:4612655.0086.000.68%
DJ Ind19:3512703.4864.740.51%
SP 50019:401346.746.540.49%
FTSE 10017:355942.69-34.08-0.57%
All Ords08:394831.7015.600.32%
NZSE 5007:263518.9812.630.36%
NameTimeRPMove% Move
Gold/R kg19:5632630566412.08%
Brent Crude19:56113.862.862.58%
Rand / Dollar19:596.73610.04730.71%
Rand / Pound19:5510.99590.04590.42%
Rand / Euro19:559.65230.02420.25%
Rand / NZD19:595.34820.06311.19%
Rand / AUD19:557.25650.07941.11%
Yen / Dollar19:5980.3500-0.2500-0.31%
Euro / Dollar19:590.69750.00110.16%
Dollar / Euro19:591.4335-0.0024-0.17%
Pound / Dollar19:550.61080.00050.08%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 IQUAD  2474723.50.%2955
2 SILVERB  150107.14.%115000
3 PETMIN  305196.64.%571165
4 PERGRIN  1150504.55.%52592
5 PHUMELELA  1175494.35.%2290
6 TRNSHEX  260104.00.%282170
7 RANGOLD  280103.70.%12347
8 GRANPRADE  315103.28.%126500
9 SOVFOOD  552173.18.%58283
10 PINNACLE  761233.12.%60410
11 FAMBRANDS  41951152.82.%25763
12 ELBGROUP  2000502.56.%5000
13 EASTPLATS  779192.50.%198694
14 ESORFRANK  18542.21.%11100
15 GBGOLD  1560301.96.%42230
16 SACOIL  15931.92.%646686
17 JSE  66351201.84.%532353
18 GOLDREEF  1700301.80.%1530
19 LONMIN  173002901.70.%735359
20 AFROX  1840301.66.%270921

Click here for more Major Moves...
Major Moves Down
SharenameSaleMove% MoveVolume
1 DIGICOR  280-25-8.20.%2102
2 TREMATON  142-8-5.33.%184000
3 AFRIMAT  350-19-5.15.%8600
4 ARCMITTAL  8100-385-4.54.%1019002
5 GOLDONE  308-12-3.75.%459717
6 KELLY  385-15-3.75.%5100
7 ELLIES   198-7-3.41.%47010
8 ILLOVO  2680-90-3.25.%605336
9 PSG  4360-140-3.11.%23082
10 SAPPI  3365-100-2.89.%2559328
11 SASOL  35100-1000-2.77.%2144629
12 KUMBAIO  45000-1250-2.70.%246843
13 PNR-FOODS  5661-139-2.40.%18043
14 CAT  1440-35-2.37.%4000
15 PBT  125-3-2.34.%16002
16 IMPLATS  18560-440-2.32.%2647227
17 MVELARES  422-10-2.31.%16626
18 WBHO  10776-255-2.31.%176965
19 OANDO  255-6-2.30.%30025009
20 ANGLOPLAT  62000-1280-2.02.%296457

Click here for more Major Moves...

New Highs
SharenameSaleHighMove% MoveVolume
1 PINNACLE  761765233.12.%60410
2 VALUE  4154600.4095

Click here for more Major Moves...
New Lows
SharenameSaleLowMove% MoveVolume
1 INVPROP  10101010-5-0.49.%460849

Click here for more Major Moves...

Index Summary
Index NameRPMove% Move
Top 4028,369.46-257.40-0.90%
Mid Cap41,329.84-272.17-0.65%
Small Cap32,220.7556.450.18%
Resource 2054,200.99-603.64-1.10%
Industrial 2527,156.01-184.20-0.67%
Financial 158,053.80-66.13-0.81%
Financial & Ind. 3030,321.55-221.42-0.72%
All Share31,609.78-269.05-0.84%
Oil & Gas 26,605.95-754.99-2.76%
Mining 35,702.42-309.06-0.86%
Gold Mining2,558.75-26.01-1.01%
Platinum Mining70.65-1.49-2.07%
Oil & Gas Producers 14,305.53-405.94-2.76%
Basic Materials 30,155.84-288.11-0.95%
Chemicals 13,629.28106.460.79%
Forestry & Paper 14,206.21-202.25-1.40%
Industrial Metals 28,599.43-836.14-2.84%
Industrials 27,336.28-119.03-0.43%
General Industrials 75,165.24-212.19-0.28%
Consumer Goods 26,708.62-245.42-0.91%
Automobiles & Parts 3,170.24-15.85-0.50%
Household Goods152.52-0-0.21%
Health Care 31,755.417.990.03%
Beverages 83.13-.86-1.02%
Food Producers 47,150.10-580.69-1.22%
Index NameRPMove% Move
Personal Goods 415.49-3.19-0.76%
Consumer Services 53,340.66-322.38-0.60%
General Retailers 41,272.18-346.32-0.83%
Travel & Leisure 3,703.57-14.59-0.39%
Media 84.06-.52-0.61%
Support Services 2,364.108.570.36%
Telecommunications 68,752.5621.390.03%
Financials 21,317.23-155.98-0.73%
Banks 39,979.22-330.35-0.82%
Non-life Insurance 31,358.93-404.96-1.27%
Life Insurance 15,818.76-142.67-0.89%
General Financial 2,237.22-7.50-0.33%
Technology 20,237.80-156.07-0.77%
SHARIAH TOP40 3,156.38-30-0.93%
FTSE/JSE SHARIAH ALL3,216.49-29-0.89%
COAL MINING22,344.99-91-0.41%
FTSE JSE Fledgling 4,524.38-0-0.01%
FTSE/JSE Alt X 1,017.4430.27%
CAPPED PROPERTY 310.12-0.41%
RESOURCE 29,939.85-335-1.11%
DIVIDEND PLUS167.46-1-0.56%
FTSE/JSE RAFI 406,597.35-61-0.91%
Capped Top 4014,787.42-139-0.93%
Capped All Share15,912.14-137-0.86%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
10 May 2011BARWORLDMarch 2011 (Interim)
10 May 2011BARWORLD6March 2011 (Interim)
10 May 2011LIFEHCMarch 2011 (Interim)
10 May 2011LONMINMarch 2011 (Interim)
10 May 2011LONMINDMarch 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
FPT11-05-0611-05-2011-05-30R 0.2771
SBR00311-05-0511-07-2211-08-05R 1.4900
ALTRON11-05-0411-06-2411-07-04R 1.0800
REDEFINE11-05-0411-05-2011-05-30R 0.1600
ALTRON PP11-05-0411-06-2411-07-04R 1.0800
Ex Div**
Share NameDec-DateLDTPay-DateAmount
PSG11-04-1811-05-0611-05-16R 0.4700
BRIMSTON11-02-2211-05-0611-05-16R 0.1500
BRIMST-N11-02-2211-05-0611-05-16R 0.1500
CBH11-01-2711-05-0611-05-16R 0.1110
CIPLAMED11-03-1711-05-0611-05-16R 0.0600

Upcoming AGMs**
CodeCompany NameDateStatus
ABSPAbsa Bank Ltd09/05/2011Unconfirmed
ANDPAndulela Investment Holdings Ltd10/05/2011Confirmed
ANDAndulela Investment Holdings Ltd10/05/2011Confirmed
ANGAAngloGold Ashanti Ltd11/05/2011Confirmed
ANGAngloGold Ashanti Ltd11/05/2011Confirmed

Stock Exchange News Service
09/05/201117:39 Miranda Mineral Holdings Limited - Results of Extraordinary General
09/05/201117:34 Lonrho - Notification of Major Interest in Shares
09/05/201117:30MND/MNP - Mondi - Employee share
09/05/201117:01 Command Holdings Limited - Further update announcement
09/05/201117:00 Command Holdings Limited - Postponement of general meeting
09/05/201116:33 Sanyati Holdings Limited - Trading statement for the year ended
09/05/201116:25 Sanyati Holdings Limited - Change to the board of directors
09/05/201116:20 Indequity - Trading Statement
09/05/201116:20 Verimark Holdings Limited - Trading Update
09/05/201116:00 Santam Limited - No change statement and notice of annual general meeting
09/05/201115:13 Poynting Holdings Limited - Renewal of cautionary announcement
09/05/201115:00 AECI Limited - Change in date of Annual General Meeting ("AGM") and
09/05/201114:41APK - Astrapak - Reviewed results for the financial year ended 28 February 2011
09/05/201114:23 Retirement of Dennis Cope, and appointment of Aboubakar Jakoet, as
09/05/201114:22 Kumba Iron Ore Limited - Report on proceedings at The Annual General
09/05/201114:20 Taste Holdings Limited - Voluntary Trading Update
09/05/201114:20 Beige Holdings Limited - Listing of preference shares
09/05/201114:17 Metorex Limited - Metorex Carbon Footprint Report
09/05/201114:16 IPSA Group Plc - Change in Repayment Date of Loan Notes and adjustment of
09/05/201111:33TDH - Tradehold Limited - Results of the rights offer
09/05/201111:13 PSV Holdings Limited - Further cautionary announcement
09/05/201111:10 RACEC Group Limited - Trading Statement
09/05/201110:53NED/NBKP - Nedbank Group/Nedbank Limited - Quarterly report on Basel II
09/05/201110:10SCIB/RDFSTA - The Standard Bank of South Africa Limited - Interest Distribution
09/05/201110:09SCIB/RDFSIF - The Standard Bank Of South Africa Limited - Interest Distribution
09/05/201110:07 Trematon Capital Investments Limited - Dealing in Securities by Director
09/05/201109:54 Gold One International Limited - Appendix 3B New Issue Announcement,
09/05/201109:30 Winhold Limited - Trading Statement
09/05/201109:00 Datatec Limited - Final Year End earnings update
09/05/201108:58 Sappi Limited - 2nd Quarter results for the period ended March 2011
09/05/201108:30 Harmony Gold Mining Company Limited - Fatality at Harmony`s Kusasalethu
09/05/201108:00 Lonmin Plc - 2011 Interim Results Announcement
09/05/201108:00 Lonmin Plc - Second Quarter 2011 Production Report
09/05/201107:15 Spanjaard Limited - Condensed group audited results for the year ended
09/05/201107:05 BHP Billiton Plc - Transaction in shares
09/05/201107:05 Famous Brands - Trading statement in respect of the year ended 28 February

Click here for more SENS news