The Sharenet Daily 
Thursday, 12 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)

No Change from MPC

With Gill Marcus being the Governor of the South African Reserve Bank ( SARB ) for nearly a year and a half now, investors have had a chance to get an idea of how she runs South Africa’s monetary policy. Today she announced that there would be no change in the Repo rate, and that it would remain at 5.5%. Prime remains at 9%.

At this point in the cycle, it was fairly obvious to all interested parties that interest rates wouldn’t be changed. Even though there was no change in rates, this doesn’t mean that there was no interest from the public. Interested parties would have been keenly listening to any hints as to when the Governor thinks rates will start to move again. Markets are forward looking, so any indication of future moves would be beneficial to an investor that could position his/her portfolio before the rest of the market.

Some key observations:
• Inflation is rising and the SARB expects it to peak above the target maximum (of 6%) at 6.3% in the first quarter of 2012.
• Food and energy increases are the main inflationary culprits.
• Inflation is currently ‘cost push’ and not ‘demand pull’. There haven’t been any second round effects of inflation yet.
• Rand is volatile, but remains strong.
• Economic growth forecast for 2011 dropped from 3.7% to 3.6% (not a large change).
• Construction sector and consumers remain under pressure.
• Wage settlements are way in excess of current inflation.

At the question and answer session after the statement of the Monetary Policy Committee (MPC) Ms Marcus indicated that there had been no discussion or suggestion that now was the time to increase rates. She also mentioned that while there is no discussion yet of changing rates, they do closely monitor a variety of indicators to help them in their decision.

The MPC has an overriding inflation targeting objective, but do have some discretion to ensure that their policy guides sustainable growth. With many indicators showing that growth isn’t yet buoyant, the MPC will in all likelihood err on the side of caution when deciding on the right time to raise interest rates.

For updates on MPC statements and other economic indicators become a Fan of our Facebook page by clicking here and ‘Liking’ Seed Investment Consultants.

Take care,

Mike Browne
021 9144 966

Thu, 12 May 2011
Top News
South Africa's rand reversed its losses against the dollar on Thursday and bonds weakened after hawkish comments from the central bank.  Full story

The South African Reserve Bank left its repo rate unchanged at 5.5 percent on Thursday but emphasised the deteriorating inflation outlook, raising the chance of an earlier-than-expected rate increase.  Full story
Oil prices rebounded on Thursday, spurring relief across markets that a deep sell-off in commodities could be nearing an end and pulling riskier investments such as stocks off earlier lows.  Full story
NATO bombed Muammar Gaddafi's compound on Thursday, hours after the Libyan leader ended doubt about his fate by making his first television appearance since another air strike killed his son nearly two weeks ago.  Full story
Hundreds of people queued for food aid in the Spanish town of Lorca and wandered the streets wrapped in blankets Thursday after an earthquake killed eight people and injured more than 120.  Full story
Gold and silver prices fell on Thursday as the commodities sector sold off for a second straight day on global demand worries, but. . .  Full story
European share prices mostly ended lower on Thursday and analysts said the market could be prone to further declines as a sell-off in. . .  Full story
U.S. stocks recovered from initial declines on Thursday in a choppy session as commodity prices kept the market in flux while a downgrade. . .  Full story
Britain's FTSE 100 was rattled on Thursday as global growth concerns triggered a fall in commodity-linked stocks and boosted appetite for defensive assets. Miners. . .  Full story

European shares fell on Thursday, with heavyweight miners and oil majors hit by a sharp sell-off in commodity prices on the back of. . .  Full story
Hong Kong and China shares fell on Thursday as the resources sector suffered from another selloff in commodities, while a jump in Internet. . .  Full story
Australian shares fell 1.8 percent on Thursday, with major miners and top banks plunging alongside falling copper prices on signs China's demand for resources. . .  Full story
Tokyo stocks fell on Thursday, led by declines in energy and commodity shares after sharp overnight falls in commodities prices, offsetting a strong. . .  Full story
SA Business
South Africa's maize and wheat futures fell on Thursday, tracking international prices as concerns over supplies eased, but a weaker rand. . .  Full story
South Africa's rand tumbled to an eight-week low against the dollar on Thursday, weighed down by a weakeness in the euro. . .  Full story
South Africa's gold output rose 0.6 percent in volume terms in March while total mineral production fell 1.4 percent compared with. . .  Full story
South Africa's rand dipped to its weakest level in seven weeks on Thursday, tracking a retreat among other commodity currencies and. . .  Full story

South Africa's power utility Eskom said on Thursday it would likely restart construction next week at its Medupi and Kusile power plants, which were shut following protests.. . .  Full story
Greek refrigerator equipment maker Frigoglass said first-quarter net profit rose 85 percent, helped by robust growth in Europe.. . .  Full story
Eastern Platinum Ltd posted a quarterly loss on lower output and the Canadian company said its flagship Crocodile River Mine project in South Africa was damaged following a wage dispute with. . .  Full story
Company News
UCS shareholders and BCX shareholders ("Shareholders") are referred to the announcements published by the companies on SENS and the circulars to. . .  Full story
At the annual general meeting of Old Mutual plc held in London earlier today, all of the resolutions set out in. . .  Full story
Further to the trading statement published on SENS on 11 March 2011, the board wished to revise its prior trading statement.. . .  Full story
Merchant and Marshall Monteagle PLC ("Marshall') shareholders were advised that both companies have entered into discussions which, if successfully concluded, may. . .  Full story

The 2011 Annual General Meeting ("AGM") of Old Mutual plc will take place this morning at 11.00 am BST at Old Mutual's office at Old Mutual Place, 2 Lambeth Hill, London EC4V 4GG. The proceedings will be webcast and can be. . .  Full story
Unless otherwise stated, the figures given throughout this document are for the three months to 31 March 2011 (the "period") and comparative figures are for the same period in 2010 (the "comparative period"). Comparative figures presented in GBP sterling are on. . .  Full story
Company Results
Revenue increased to R7.8 billion (R7.5 billion) but operating profit plummeted to R298 million (R1.1 billion). Profit for the period attributable. . .  Full story
Turnover rose by 9.1% to R19.1 billion (R17.5 billion). Gross profit increased to R1.5 billion (R1.4 billion) and operating profit improved. . .  Full story
Revenue increased from USD3.7 billion to USD4.3 billion in 2011.Gross profit grew to USD597.6 million (2010:USD498.4 million), while operating profit increased. . .  Full story
Revenue grew to USD1.5 billion (USD1.1 billion) and gross profit rose to USD498 million (USD301 million). Operating profit jumped to USD363. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0031681.83-369.52-1.15%
JSE Top 4017:0028441.33-368.91-1.28%
JSE Gold17:002531.61-28.77-1.12%
JSE Financial17:0021308.74-248.11-1.15%
JSE Industrial17:0032655.59-261.51-0.79%
JSE Indust 2517:0027444.99-233.21-0.84%
JSE Resource17:0054056.05-867.86-1.58%
DJ Futures19:5012665.0095.000.76%
DJ Ind19:3112696.7566.720.53%
SP 50020:001348.686.600.49%
FTSE 10017:355944.96-31.04-0.52%
All Ords08:384776.60-81.60-1.68%
NZSE 5007:363540.31-18.56-0.52%
NameTimeRPMove% Move
Gold/R kg20:003335695010.15%
Brent Crude19:56113.57.690.61%
Rand / Dollar19:586.88530.01000.15%
Rand / Pound19:5511.2134-0.0008-0.01%
Rand / Euro19:559.83720.07110.73%
Rand / NZD19:585.49550.06351.17%
Rand / AUD19:557.37050.00850.12%
Yen / Dollar19:5880.8900-0.2900-0.36%
Euro / Dollar19:570.7011-0.0032-0.45%
Dollar / Euro19:571.42660.00690.49%
Pound / Dollar19:550.61290.00170.28%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 PARACON  170159.68.%2091934
2 HUGE  12975.74.%4300
3 AFRIMAT  370154.23.%72079
4 DCENTRIX  435153.57.%147207
5 NEPI  34001003.03.%6500
6 RAINBOW  1749472.76.%1678
7 CAT  1500402.74.%97833
8 S-OCEAN  21052.44.%10000
9 ESORFRANK  17942.29.%156650
10 METROFILE  19042.15.%35683
11 SAPPI  3535732.11.%3256150
12 GOLDONE  33551.52.%680915
13 DISTELL  72001001.41.%273803
14 PINNACLE  79991.14.%65192
15 CML  1879191.02.%17347
16 EHSV  5275500.96.%13603
17 FAMBRANDS  4240400.95.%8553
18 CLOVER  1095100.92.%135899
19 CAPCO  1907170.90.%333408
20 SOVFOOD  57550.88.%104000

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Major Moves Down
SharenameSaleMove% MoveVolume
1 EASTPLATS  649-145-18.26.%476779
2 VALUE  422-58-12.08.%2395
3 URONE  2622-278-9.59.%116175
4 RANGOLD  270-20-6.90.%500
5 GBGOLD  1451-102-6.57.%36781
6 SACOIL  147-10-6.37.%1801694
7 ALTRON  2700-160-5.59.%17815
8 DRDGOLD  351-19-5.14.%691789
9 ABIL  3565-180-4.81.%8075839
10 VERIMARK  161-8-4.73.%15918
11 GRANPRADE  310-15-4.62.%1864850
12 AFEAGLE  115-5-4.17.%19000
13 SENTULA  255-11-4.14.%143574
14 COAL  885-35-3.80.%292694
15 AME  4250-150-3.41.%323
16 PETMIN  290-10-3.33.%35000
17 EXXARO  16626-524-3.06.%1528037
18 WINHOLD  165-5-2.94.%28200
19 OLDMUTUAL  1466-44-2.91.%21559765
20 DIGICOR  280-8-2.78.%7700

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New Highs
SharenameSaleHighMove% MoveVolume
1 BATS  3034530498-55-0.18.%1396470
2 RICHEMONT  43454384-17-0.39.%10142590
3 DATATEC  37503910-31-0.82.%388198

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New Lows
SharenameSaleLowMove% MoveVolume
1 EASTPLATS  649560-145-18.26.%476779
2 BCX  470470-7-1.47.%67900

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Index Summary
Index NameRPMove% Move
Top 4028,441.33-368.91-1.28%
Mid Cap41,382.93-171.45-0.41%
Small Cap32,169.44-216.39-0.67%
Resource 2054,056.05-867.86-1.58%
Industrial 2527,444.99-233.21-0.84%
Financial 158,049.86-108.69-1.33%
Financial & Ind. 3030,533.37-328.38-1.06%
All Share31,681.83-369.52-1.15%
Oil & Gas 26,899.09-424.44-1.55%
Mining 35,525.29-553.32-1.53%
Gold Mining2,531.61-28.77-1.12%
Platinum Mining70.19-.53-0.75%
Oil & Gas Producers 14,463.14-228.22-1.55%
Basic Materials 30,041.84-439.56-1.44%
Chemicals 13,896.03-73.06-0.52%
Forestry & Paper 14,702.7359.350.41%
Industrial Metals 28,237.95-316.94-1.11%
Industrials 27,317.70-275.96-1.00%
General Industrials 75,307.30-677.60-0.89%
Consumer Goods 27,524.67-246.48-0.89%
Automobiles & Parts 3,156.66-2.26-0.07%
Household Goods153.61-3-2.07%
Health Care 31,879.51-180.31-0.56%
Beverages 85.73-1.07-1.23%
Food Producers 47,077.74-191.22-0.40%
Index NameRPMove% Move
Personal Goods 433.96-1.70-0.39%
Consumer Services 53,326.19-339.20-0.63%
General Retailers 41,233.73-170.48-0.41%
Travel & Leisure 3,702.16-10.62-0.29%
Media 84.91-.69-0.81%
Support Services 2,380.29-18.79-0.78%
Telecommunications 67,580.49-591.62-0.87%
Financials 21,308.74-248.11-1.15%
Banks 39,711.43-474.79-1.18%
Non-life Insurance 32,193.10-58.19-0.18%
Life Insurance 15,912.49-241.70-1.50%
General Financial 2,244.13-48.34-2.11%
Technology 21,043.47-119.52-0.56%
SHARIAH TOP40 3,142.00-45-1.42%
FTSE/JSE SHARIAH ALL3,202.79-44-1.34%
COAL MINING22,280.41-582-2.55%
FTSE JSE Fledgling 4,511.18-13-0.30%
FTSE/JSE Alt X 1,014.77121.16%
CAPPED PROPERTY 309.05-0.20%
RESOURCE 29,853.07-466-1.54%
DIVIDEND PLUS167.62-1-0.80%
FTSE/JSE RAFI 406,614.68-83-1.24%
Capped Top 4014,833.64-185-1.23%
Capped All Share15,951.49-181-1.12%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
13 May 2011INDEQTYMarch 2011 (Interim)
13 May 2011INDEQTYPMarch 2011 (Interim)
13 May 2011INDEQTYPAMarch 2011 (Interim)
13 May 2011INDEQTYPBMarch 2011 (Interim)
16 May 2011ASTRALMarch 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
OCEANA11-05-1111-06-2411-07-04R 0.3700
SPAR11-05-1111-06-0311-06-13R 1.4200
OASIS11-05-1111-05-2711-06-03R 0.4616
DATATEC11-05-1111-07-0111-07-11R 0.1300
LIFEHC11-05-1011-05-2711-06-06R 0.1100
Ex Div**
Share NameDec-DateLDTPay-DateAmount
OCTODEC11-04-2611-05-1211-05-23R 0.6500
PREMIUM11-04-2611-05-1211-05-23R 0.5820
PSG11-04-1811-05-0611-05-16R 0.4700
AFGRI11-03-0211-05-1211-05-23R 0.2415
BRIMSTON11-02-2211-05-0611-05-16R 0.1500

Upcoming AGMs**
CodeCompany NameDateStatus
WKFWorkforce Holdings Ltd12/05/2011Confirmed
EHSEvraz Highveld Steel and Vanadium Ltd13/05/2011Confirmed
LBHP2Liberty Holdings Ltd13/05/2011Confirmed
LBHPLiberty Holdings Ltd13/05/2011Confirmed
LBHLiberty Holdings Ltd13/05/2011Confirmed

Stock Exchange News Service
12/05/201117:42 O-line Holdings Limited - Notification of Share Dealing by O-line
12/05/201117:36 PSG Group Limited - Acceptance and exercise of options by directors in
12/05/201117:33GEN - FTSE/JSE Africa Index Series - Lonrho (South Africa): Transfer of
12/05/201117:30UCS/BCX - UCS Group Limited/Business Connexion Group Limited - Joint
12/05/201116:30 Old Mutual Plc - Old Mutual plc Annual General Meeting 2011 - Results
12/05/201116:15 Anglo American plc - Share Incentive Plan - SIP
12/05/201116:00 Erbacon - Revised trading statement
12/05/201115:44 Andulela Investment Holdings Limited - Results of Annual General
12/05/201115:36 Alert Steel Holdings Limited - Appointment of financial director
12/05/201115:11 Resilient Property Income Fund Limited - Dealing in securities
12/05/201114:30 Redefine Properties International Limited - Cromwell completes debt
12/05/201114:11 Premium Properties Limited - Dealing in securities by directors
12/05/201113:51 Eastern Platinum Limited - Management`s discussion and analysis of
12/05/201113:50 Eastern Platinum Limited - Condensed consolidated interim financial
12/05/201113:49 Eastern Platinum Limited - Eastern Platinum reports results for the
12/05/201113:44 IFCA Technologies Limited - Resignation of directors
12/05/201113:30 Aveng Limited - Appointment of managing director of Aveng Grinaker-LTA
12/05/201113:20 Workforce Holdings Limited - Results of the general meeting and annual
12/05/201112:20 BioScience Brands Limited - Further cautionary announcement
12/05/201111:40 Beget Holdings Limited - Final liquidation of Beget and a subsidiary
12/05/201111:19MIP - Merchant & Industrial Properties Limited - Cautionary announcement
12/05/201110:37SICB - Standard Bank of South Africa Limited - Notice of rollover ratios of
12/05/201110:05ABL/ABLP - African Bank Investments Limited - Trading Statement
12/05/201110:03TOPDWU - Deutsche Bank AG - Notice of expiry Waves
12/05/201110:00 Vodacom Group Limited - Appointment of director
12/05/201109:25REB - Rebosis - Listing on the Main Board of the JSE Limited and Results of the
12/05/201109:09 Imuniti Holdings Limited - Trading Statement
12/05/201109:00 Afrox - Dealing in securities by a Director
12/05/201108:58 Investec Property Fund Limited - Dealing in securities by company
12/05/201108:35 BRC DiamondCore - BRC Diamondcore Closes Financing
12/05/201108:29 Eastern Platinum Limited - Update on the reported industrial action at
12/05/201108:01 Old Mutual Plc - Old Mutual Annual General Meeting
12/05/201108:00 Old Mutual Plc - Old Mutual Plc Interim Management Statement for the
12/05/201107:45GEN - General - FTSE/JSE Africa Index Series - Redefine Properties International
12/05/201107:44GEN - General - FTSE/JSE Africa Index Series - Wesizwe Platinum (South Africa)
12/05/201107:43GEN - General - FTSE/JSE Africa Index Series - W G Wearne (South Africa)
12/05/201107:15 Anglo American plc - Treasury shares - Transfers
12/05/201107:13 British American Tobacco p.l.c.- Transaction in own shares
12/05/201107:05 BHP Billiton Plc - Transaction in shares
12/05/201107:05 Afrimat Limited - Reviewed condensed provisional consolidated financial

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