The Sharenet Daily 
Wednesday, 11 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.

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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's rand back to 3-week lows vs dlr; stocks slip

By Xola Potelwa and Gugulakhe Lourie

JOHANNESBURG (Reuters) - South Africa's rand fell more than 1.7 percent to a fresh three week low against the dollar on Wednesday as Europe's debt problems kept investors wary of risk and local oil importers bought dollars.

Government bonds also had a tough session, frustrated by the weak rand and local selling at the front end of the curve. Stocks closed slightly lower, tracking U.S. markets weaker after the release of trade deficit figures for the United States.

South African shares took heart from better-than-expected manufacturing numbers earlier in the session but some analysts said the data showed the sector was in a hesitant recovery and the outlook for the rest of the year was uncertain.

The rand currency fell to 6.855 against the dollar, its weakest in three weeks, from Tuesday's New York close of 6.7353.

"We have seen some oil importers today so the rand market was a little bit short of dollars and we're now seeing the results of that," said David Gracey, trader as Investec.

He said the rand was also reacting to a slight sell-off in the gold price, softer U.S. equity markets and the weaker euro.

The volatile rand is retracing a three-year high of 6.5410 touched early last week, giving up 3 percent to current levels.

Government bonds ended weaker, with the short end of the curve under pressure as local accounts liquidated long positions, traders said. The four-year bond yield added five basis points to 7.61 percent while the 2026 note was yielding 2 basis points more at 8.555 percent.

"There has been consistent selling all day. Most of the activity has been on the R157s -- there have been buyers of R186s and R208s, but the front end of the curve has been really well offered," said a local bond trader.

"The guys were looking for liquidity, and the R157s were the most liquid point today".

The dealer said foreign investors were more interested in the longer end of the curve, which had helped prop up the four-year R186 bond.

Foreigners bought 4.8 billion rand of local debt last week, the most buying seen in three weeks, according to data from the Johannesburg Stock Exchange.

Markets are awaiting an interest rate decision from the South African Reserve Bank on Thursday, with policymakers seen keeping the benchmark repo rate unchanged at 5.5 percent.


The JSE Top-40 index of blue chips, which had spent the morning session in positive territory, closed 0.12 percent lower to 28,810.24 and the broader All-share index shed 0.11 percent to 32,051.35.

"We swung from being quite positive into negative trend after the news that the U.S. deficit was worse than expected," said Ferdi Heyneke, a portfolio manager at Afrifocus Securities.

The U.S. trade deficit widened more than forecast in March as rising oil prices helped push imports nearly 5 percent higher, while exports leapt to a new record, a U.S. government report showed.

On the JSE, ArcelorMittal South Africa tumbled 3.03 percent to 79.61 rand after the steelmaker reported a 74 percent drop in first-quarter profit, as higher coal and iron ore prices drove up costs.

Bourse and mining heavyweight BHP Billiton shed 0.52 percent to 269.30 rand and rival Anglo American lost 1.47 percent to 335 rand as copper slipped.

But Richemont's Johannesburg-traded shares jumped 2.97 percent to 43.62 rand on expectations the Swiss luxury goods firm will post strong annual results next week.

Wed, 11 May 2011
Top News
Revenue increased from R56.4 million to R57.9 million in 2011.Operating profit decreased to R45.9 million (2010: R55.2 million).Headline earnings on a per share basis decreased to 99.6cps (2010: 110.0cps). Distribution Notice is hereby given that a final income distribution, after non-  Full story

Africa's biggest gold miner AngloGold Ashanti returned to profit in the first quarter on Wednesday after buying back its hedge book and said it expects slightly higher output in the current three months.  Full story
Libyan rebels said they took control of Misrata airport in heavy fighting with forces loyal to Muammar Gaddafi on Wednesday and rejected a United Nations call for a cease-fire.  Full story
Thirteen people were killed in the southern Syrian town of Harra on Wednesday in tank shelling and gunfire, activist Ammar Qurabi said.  Full story
Yemeni forces opened fire on demonstrators in three cities on Wednesday, killing at least four and wounding scores in escalating bloodshed that could ramp up public fury at the president's refusal to step down.  Full story
U.S. stocks faltered on Wednesday after a three-day rally as a strengthening dollar and data showing a rise in U.S. fuel supplies sent. . .  Full story
A slide in oil prices on Wednesday sparked a second big rout across commodities in less than a week, driving investors away from. . .  Full story
Silver fell more than 7 percent on Wednesday, breaking a three-day rebound from last week's 25 percent decline and dragging gold as crude. . .  Full story
Commodity and banking stocks dragged Britain's FTSE 100 below the 6,000 level on Wednesday, with these sectors pressured by Greece's debt problems and uncertainty. . .  Full story

European shares edged up in early trade on Wednesday, tracking Wall Street higher, as earnings reports on both sides of the Atlantic beat. . .  Full story
China shares edged lower on Wednesday as high inflation and tighter liquidity kept investors cautious, while a slide in HSBC pulled the Hong. . .  Full story
Australian stocks rose 1.2 percent on Wednesday, powered by a rebound in the resources sector from last week's pummeling, while Australia's new budget bill,. . .  Full story
Japan's Nikkei rose on Wednesday for a second straight day, boosted by gains in companies that provided positive outlooks for the current business. . .  Full story
SA Business
Growth in South Africa's manufacturing output slowed to 4.6 percent year-on-year in volume terms in March compared with a downwardly revised. . .  Full story
Harmony Gold said on Wednesday it had restarted tramming operations at its Kusasalethu mine in South Africa which were suspended following. . .  Full story
South Africa's rand recovered from the previous day's three-week lows against the dollar on Wednesday, supported by a return of risk. . .  Full story
ArcelorMittal South Africa, a unit of the world's top steelmaker, on Wednesday reported a sharp drop in first-quarter profit, but said. . .  Full story

South African power utility Eskom said on Wednesday it had sold 400 million rand of its ES23 bond due in 2023. . .  Full story
Shares in ArcelorMittal South Africa opened more than 2 percent lower on Wednesday after the company reported a sharp drop in. . .  Full story
South African grocery chain Spar Group reported flat first-half profit on Wednesday, as higher delivery costs and investments in stores offset. . .  Full story
South Africa's rand fell to a three-week low against the dollar on Tuesday as the central bank bought foreign exchange, while. . .  Full story
Company News
Rockwell Diamonds Inc. announce the appointment of Mr. James Campbell as President and Chief Executive Officer of the company with effect. . .  Full story
Further to the trading update issued on the Securities Exchange News Service ("SENS") of the JSE on 16 February 2011, Calgro. . .  Full story
The board of directors of Vox ("the board") hereby notifies its shareholders that Mr. G. E. Roth ("Ernst"), a non-executive director. . .  Full story
CapShop announces that it intends to release its interim management statement for the period from 1 January 2011 to 17 May. . .  Full story

Shareholders of the company are hereby advised that Dr. Mpumela Kayalethu Makaba ("Dr. Makaba") has been appointed as a non-executive director of the company, with effect from 10 May 2011. . .  Full story
Shareholders were referred to various circulars and SENS announcements regarding the acquisition of five identified subsidiary companies from UCS Group Ltd ("the UCS transaction"). In terms of the UCS transaction JD Bright or an alternative person as may be approved by. . .  Full story
Company Results
LifeHC's maiden interim results showed revenue of R4.7 billion and operating profit of R987 million. Net attributable profit amounted to R552. . .  Full story
Revenue for the interim period ended 31 March 2011 rose to R589.3 million (R484.6 million) and earnings before interest, taxation, depreciation. . .  Full story
Revenue increased to R1.6 billion (R1.4 billion). Gross profit rose to R696.4 million (R596.8 million) and operating profit increased to R166.4. . .  Full story
Group revenue for operations increased by 3.0% to R954.5 million (February 2010: R926.8 million). Net operating income - EBITDA, decreased by. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0032051.35-34.21-0.11%
JSE Top 4017:0028810.24-34.94-0.12%
JSE Gold17:002560.38-21.91-0.85%
JSE Financial17:0021556.85-77.57-0.36%
JSE Industrial17:0032917.10185.830.57%
JSE Indust 2517:0027678.20195.380.71%
JSE Resource17:0054923.91-382.15-0.69%
DJ Futures19:5612585.00-127.00-1.00%
DJ Ind19:4512609.18-151.18-1.18%
SP 50019:501340.31-16.85-1.24%
FTSE 10017:355976.00-42.89-0.71%
All Ords08:384858.2054.601.14%
NZSE 5007:323558.8730.130.85%
NameTimeRPMove% Move
Gold/R kg20:0033180440621.24%
Brent Crude19:56113.13-3.24-2.78%
Rand / Dollar19:596.87530.14012.08%
Rand / Pound19:5511.20160.20901.90%
Rand / Euro19:559.76790.06360.66%
Rand / NZD19:585.42090.06961.30%
Rand / AUD19:557.35170.04690.64%
Yen / Dollar19:5980.8700-0.0100-0.01%
Euro / Dollar19:550.70400.01031.48%
Dollar / Euro19:571.4195-0.0210-1.46%
Pound / Dollar19:550.61200.00140.23%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 VALUE  4805914.01.%500
2 ROLFES  1871710.00.%38268
3 NICTUS  130108.33.%10000
4 OMNIA  79454706.29.%20059
5 CBH  425245.99.%37367
6 TREMATON  15085.63.%1200
7 DATATEC  37812015.61.%1174760
8 GRANPRADE  325175.52.%179719
9 ANOORAQ  650335.35.%19010
10 ZEDER  260114.42.%79953
11 IQUAD  250104.17.%6995
12 ARB  330113.45.%3500
13 RAUBEX  1961613.21.%78152
14 EASTPLATS  794243.12.%26995
15 RICHEMONT  43621262.97.%11878065
16 VERIMARK  16942.42.%56200
17 SANTAM  133003002.31.%10736
18 SABMILLER  254005502.21.%2550000
19 ASTRAL  131962371.83.%26889
20 CADIZ  28051.82.%6000

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Major Moves Down
SharenameSaleMove% MoveVolume
1 HUGE  122-8-6.15.%17000
2 PARACON  155-10-6.06.%41120
3 S-OCEAN  205-10-4.65.%71000
4 SENTULA  266-9-3.27.%94118
5 EHSV  5225-175-3.24.%32737
6 ARCMITTAL  7961-249-3.03.%944079
7 ESORFRANK  175-5-2.78.%1394479
8 SPAR  9350-250-2.60.%1081227
9 HULAMIN  673-17-2.46.%805607
10 PALCAP  240-6-2.44.%259754
11 CLICKS  4230-98-2.26.%2025560
12 METROFILE  186-4-2.11.%23460
13 ILLOVO  2632-53-1.97.%347949
14 PLATMIN  565-11-1.91.%1650
15 SACOIL  157-3-1.88.%1093037
16 URONE  2900-54-1.83.%88636
17 NUWORLD  2160-40-1.82.%1100
18 TRNSHEX  275-5-1.79.%143405
19 OPTIMUM  2900-50-1.69.%31116
20 STANBANK  9963-166-1.64.%3026643

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New Highs
SharenameSaleHighMove% MoveVolume
1 VALUE  4804805914.01.%500
2 NICTUS  130130108.33.%10000
3 DATATEC  378138502015.61.%1174760
4 RICHEMONT  436243691262.97.%11878065
5 SABMILLER  25400254495502.21.%2550000
6 BATS  30400304404251.42.%1697998
7 PINNACLE  790800101.28.%136236
8 MONDIPLCP  67966845350.52.%1694140

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New Lows
SharenameSaleLowMove% MoveVolume
1 HULAMIN  673582-17-2.46.%805607
2 INVPROP  101010060.86884

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Index Summary
Index NameRPMove% Move
Top 4028,810.24-34.94-0.12%
Mid Cap41,554.38-48.63-0.12%
Small Cap32,385.83175.710.55%
Resource 2054,923.91-382.15-0.69%
Industrial 2527,678.20195.380.71%
Financial 158,158.55-37.08-0.45%
Financial & Ind. 3030,861.75114.850.37%
All Share32,051.35-34.21-0.11%
Oil & Gas 27,323.5336.610.13%
Mining 36,078.61-298.71-0.82%
Gold Mining2,560.38-21.91-0.85%
Platinum Mining70.72-.33-0.46%
Oil & Gas Producers 14,691.3619.680.13%
Basic Materials 30,481.40-235.17-0.77%
Chemicals 13,969.09277.092.02%
Forestry & Paper 14,643.38127.250.88%
Industrial Metals 28,554.89-429.02-1.48%
Industrials 27,593.6678.570.29%
General Industrials 75,984.90252.880.33%
Consumer Goods 27,771.15572.352.10%
Automobiles & Parts 3,
Household Goods156.8500.12%
Health Care 32,059.82148.530.47%
Beverages 86.801.882.21%
Food Producers 47,268.9636.500.08%
Index NameRPMove% Move
Personal Goods 435.6612.582.97%
Consumer Services 53,665.39-213.29-0.40%
General Retailers 41,404.21-176.82-0.43%
Travel & Leisure 3,712.78-5.11-0.14%
Support Services 2,399.082.490.10%
Telecommunications 68,172.11-523.99-0.76%
Financials 21,556.85-77.57-0.36%
Banks 40,186.22-430.44-1.06%
Non-life Insurance 32,251.29727.472.31%
Life Insurance 16,154.1927.060.17%
General Financial 2,292.4710.870.48%
Technology 21,162.99743.123.64%
SHARIAH TOP40 3,187.42-21-0.67%
FTSE/JSE SHARIAH ALL3,246.40-20-0.61%
COAL MINING22,862.531010.44%
FTSE JSE Fledgling 4,524.57-13-0.29%
FTSE/JSE Alt X 1,003.18-13-1.31%
CAPPED PROPERTY 309.68-0.22%
RESOURCE 30,318.83-213-0.70%
DIVIDEND PLUS168.97-1-0.33%
FTSE/JSE RAFI 406,697.79-9-0.14%
Capped Top 4015,018.41-5-0.03%
Capped All Share16,132.74-11-0.07%

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Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
12 May 2011AFRIMATFebruary 2011 (Final)
12 May 2011ANSYSFebruary 2011 (Final)
12 May 2011EASTPLATSMarch 2011 (Q)
12 May 2011SANTOVAFebruary 2011 (Final)
12 May 2011WINHOLDMarch 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
ASTRAPAK11-05-0911-06-2411-07-04R 0.2640
FPT11-05-0611-05-2011-05-30R 0.2771
SBR00311-05-0511-07-2211-08-05R 1.4900
ALTRON PP11-05-0411-06-2411-07-04R 1.0800
REDEFINE11-05-0411-05-2011-05-30R 0.1600
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
ANGBAngloGold Ashanti Ltd11/05/2011Confirmed
ANGAAngloGold Ashanti Ltd11/05/2011Confirmed
DLGDialogue Group Holdings Ltd11/05/2011Confirmed
ANGEAngloGold Ashanti Ltd11/05/2011Confirmed
ANGAngloGold Ashanti Ltd11/05/2011Confirmed

Stock Exchange News Service
11/05/201117:53 Oasis - Final abridged audited results and income distribution
11/05/201117:36 Rockwell Diamonds appoints new CEO
11/05/201117:19 Dialogue Group Holdings Limited - Results of annual general meeting
11/05/201117:14 Anglogold Ashanti - Results of general meeting regarding the proposed
11/05/201117:12 AngloGold Ashanti - Results of annual general meeting
11/05/201117:04 MTN Group Limited - Dealing in securities by a director of a major
11/05/201116:47 Calgro M3 - Trading Statement
11/05/201116:41 Consolidated Infrastructure - Dealing in Securities
11/05/201116:30 Vox Telecom Limited - Resignation of non-executive director
11/05/201116:21 Austro Group Limited - Trading Update
11/05/201116:01EXT - Extract Resources Limited - Update regarding possible offer for Kalahari
11/05/201116:00 Massmart Holdings Limited - Trading of Massmart ordinary shares on
11/05/201116:00 Oceana - Interim Report and Dividend Declaration for the six months ended
11/05/201116:00 Dorbyl Limited - Change in directorate
11/05/201115:54 Hulamin Limited - Dealing in securities by directors
11/05/201115:54ZGOVI - The ZSHARES ETF Scheme - Withdrawal of ZGOVI participatory interests
11/05/201115:22 Coal of Africa Limited - Vele section 24G application update
11/05/201115:18 Sovereign Food Investments Limited - Dealings in Securities by Director
11/05/201115:15CPI/ CPIP - Dispatch of Capitec integrated annual report and no change
11/05/201115:02 ARB - Dealing in securities by a director of a major subsidiary
11/05/201115:00 Capital Shopping Centres Group Plc - Notification of interim management
11/05/201115:00 Sun International Limited - Business Update for the Quarter and Nine
11/05/201114:54 Masonite (Africa) Limited - Results of annual general meeting
11/05/201113:58 Imuniti Holdings Limited - Resignation of financial director
11/05/201113:39 Uranium One Inc - Revised News Release - Uranium One Announces 33%
11/05/201113:30 Ububele Holdings Limited - Appointment to the board of directors
11/05/201113:01 Uranium One Inc - Uranium One Announces 33% Increase in Q1 2011
11/05/201113:00 Uranium One Inc - Interim Financial Statements for the period ended
11/05/201112:30 Lonrho Plc - TR-1: Notification of major interest in shares
11/05/201112:29 Finbond Group Limited - Change to board - financial director
11/05/201112:15MND/MNP - Mondi Limited/Mondi Plc - Notification of Major Interests in Shares
11/05/201111:55 IQuad Group Limited - Dealing In Securities
11/05/201111:20CCO - Capital & Counties Properties PLC - Notification of major interests in
11/05/201111:00 Metorex Limited - No change statement and notice of annual general
11/05/201110:49DTCIDI - Investec Warrants - Declared cash distribution by way of capital
11/05/201110:05BBET40 - The BettaBeta Equally Weighted Top 40 portfolio - Secondary listing
11/05/201109:25SCIB - ACLSTF - The Standard Bank Of South Africa Limited - Issue of Share
11/05/201109:24SCIB - The Standard Bank Of South Africa Limited - Issue of Stock Warrants
11/05/201108:55 Sacoil Holdings Limited - Dealing in Securities
11/05/201108:37 Firestone Energy Limited - Firestone share purchase plan
11/05/201108:36 Firestone Energy - Notification under Asic Class Order (CO 09/425)
11/05/201108:35 Firestone Energy Limited - Appendix 3B
11/05/201108:00 Datatec Limited - Audited results for the financial year ended 28 February
11/05/201108:00 Business Connexion Group Limited - Appointment of non-executive
11/05/201108:00DBXUS - db x-trackers MSCI USA Index EFT - Listing of additional 3 000 000
11/05/201107:56 AngloGold Ashanti Limited - Anglogold Ashanti Posts $203m Earnings; Cuts
11/05/201107:55 Anglogold Ashanti Limited - Report to shareholders for the quarter ended
11/05/201107:10 British American Tobacco p.l.c.- Transaction in own shares
11/05/201107:05 BHP Billiton Plc - Transaction in shares
11/05/201107:05 The Spar Group Limited - The Spar Group Limited unaudited interim results
11/05/201107:05 ArcelorMittal South Africa Limited - Unaudited group earnings and

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