The Sharenet Daily 
Friday, 17 June 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 stocks tumble to 3-month low, rand stronger

By Phumza Macanda and David Dolan

JOHANNESBURG (Reuters) - South African stocks tumbled to their lowest close in three months on Friday, sliding 1.3 percent as investors hammered everything from miners to telecoms on concerns about Greek debt and global growth.

The rand ended the week on firmer footing, however, as exporters came in to sell dollars, sending the currency up as much as 1.3 percent and making it the best performer on the day among emerging market currencies tracked by Reuters.

Concerns about the Greek debt crisis rattled investors, who fled South African equities as part of a global sell-off of riskier assets, stock traders said.

The strength in the rand also made it easier to sell mining firms, who sell metal for dollars but pay costs in rand.

"Gold stocks are under pressure and have been for some time," said Martin Lentsoane, an equities trader at Newstrading.

Because of the stronger rand, miners that have most of their operations in South Africa, such as Harmony Gold, came under the most pressure.

"Harmony, whose exploration is focused mainly in South Africa is under more pressure than those with diversified gold exploration," Lentsoane said.

The Top-40 index of blue chips fell 1.3 percent to 27,324.34, its lowest finish since mid-March.

The All-share index dropped 1.1 percent to 30,669.26.

Harmony, South Africa's third-largest gold miner, tumbled 4.3 percent to 84.13 rand.

Shares of Naspers, Africa's largest telecom and media firm, dropped 4.2 percent, tracking losses in China's Tencent Holdings, in which it owns a 30 percent stake.

Tencent, China's top Internet firm, is now down 15 percent for the month. Traders said uncertainties around "variable interest entities" -- corporate structures often used by Chinese internet companies -- were keeping investors wary on the sector.


The rand firmed by 1.3 percent, and was last trading at 6.78 to the dollar from a close of 6.8530 on Thursday in New York.

But Friday's moves could have been exaggerated by thin trading volumes in Johannesburg as some dealers were off after a public holiday on Thursday.

Government bonds also firmed in line with the rand, with yields coming off multi-week highs hit this week as foreigners pulled back a bit from buying local paper.

A dealer said exporter selling kicked in around the 6.90 area, halting the rand's losses and it bounced from three-week lows of 6.9066 hit Thursday.

Against the euro the rand was trading at 9.66 after hitting 5-week highs of 9.6082 on Thursday.

"The rand has continued to perform well against the euro and I think it is just the fundamental asserting itself, that is we continue to see positive inflows into South Africa," said a dealer at Absa Capital.

In the fixed-income market, the yield on the 2015 bond fell two basis points to 7.56 percent and that on the 2026 paper was down 2.5 basis points to 8.615 percent.

But bonds end the week weaker, with yields are up by more than 10 basis points as foreigners have sold over 2 billion rand worth of bonds this week, pushing yields to three-week highs.

The spread between the South African 10 year bond and its U.S. equivalent has climbed 22 basis points this week to 5.461 percent as foreigners dump local paper.

Fri, 17 Jun 2011
Top News
Just a few months ago Alpheus Molepo's daily lunch of "pap" or corn meal and meat cost 20 rand (2.04 pounds). Now it costs 25 rand.  Full story

South Africa's regained some of its poise against the dollar on Friday after the previous day's losses in a risk averse market, although selling pressure should persist into the weekend.  Full story
Greek Prime Minister George Papandreou dumped his finance minister on Friday in a reshuffle meant to stiffen resolve for harsh economic reforms and avoid a default that could cause global economic turmoil.  Full story
Libyan rebels and pro-Gaddafi forces exchanged heavy artillery fire near the western city of Zlitan on Friday as the rebels tried to push deeper into government-held territory east of the capital.  Full story
Yemeni President Ali Abdullah Saleh's government vowed on Friday the wounded leader would return to his country within days, as thousands of demonstrators in the capital demanded he step down for good.  Full story
European shares rose on Friday, led by banks after French and German leaders signalled progress towards to a new rescue package for Greece,. . .  Full story
* FTSE closes 0.3 percent higher, in heavy volume. . .  Full story
Stocks and the euro rose on Friday after the leaders of France and Germany hinted at an aid deal to save Greece from. . .  Full story
U.S. stocks rose in volatile trading on Friday after France and Germany said they reached an outline agreement to aid debt-burdened Greece, while. . .  Full story

Gold rose nearly 1 percent on Friday, poised to notch its biggest one-day gain in three weeks, as a sharp dollar drop fueled. . .  Full story
European shares hit a new three-month low on Friday and headed for a seventh straight week of losses on political upheaval in Greece. . .  Full story
Hong Kong shares barrelled through several key chart support levels this week as growing bearishness on Chinese equities combined with Greece's debt woes rattled. . .  Full story
The Nikkei stock average fell to a three-month low on Friday as investors moved into safer assets with worries over Greece's debt problems. . .  Full story
SA Business
Maersk Line, the world's top container shipping firm, sees double-digit growth for its Asian shipments of palm oil, sugar and rice to Africa this year as demand for food commodities surges in frontier markets, an executive said on Friday.. . .  Full story

Standard Bank, Africa's largest lender by assets, will sell a majority stake in its Argentine operation to the Industrial and Commercial. . .  Full story
The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing. . .  Full story
South Africa's power utility Eskom said on Friday it would auction its 2023 and 2026 bonds on June 22.. . .  Full story
As global bond investors increasingly ditch developed for emerging market sovereign credit, DB Advisors' head of emerging markets debt says Chile, Colombia and. . .  Full story

South Africa auctioned 3.825 billion rand worth of three-month Treasury Bills on Friday at an average yield of 5.55 percent from 5.54 percent from last week.. . .  Full story
Shares of South African Internet and media firm Naspers slid more than 3 percent on Friday, tracking a decline in China's Tencent Holdings, in which it holds a 30 percent stake.. . .  Full story
South African miner Metorex, which is a $1.1 billion target for Brazil's Vale, said on Friday it has received an interest from another party to acquire the company.. . .  Full story
Company News
Rockwell regrets to report that a fatal accident occurred at its Tirisano mine project on the morning of June 17, 2011. . .  Full story
Shareholders are referred to the announcements dated 30 December 2010 and 18 April 2011 detailing the announcement by Pinnacle of its. . .  Full story
Shareholders were referred to the cautionary announcement dated 24 January 2011, and the further cautionary announcements released thereafter, the last of. . .  Full story
Mr Ahmed Mohammadali Haji has been appointed as independent non-executive director of the company and member of the company's audit committee. . .  Full story

Further to the cautionary announcement dated 30 September 2010 and subsequent renewal of cautionary announcements, the last of which was dated 4 May 2011, shareholders were advised that negotiations are still. . .  Full story
Trustco announced that it has instructed its lawyers in Zimbabwe to apply for an interdict against Econet Wireless (Pvt) Ltd ("Econet Wireless"). The interdict seeks to enforce Econet Wireless' compliance with. . .  Full story
Shareholders are referred to the cautionary announcement dated 11 February 2011 and the subsequent renewals thereof dated 24 March 2011 and 9 May 2011, and were advised that as negotiations have. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0830669.26-331.26-1.07%
JSE Top 4017:0027324.34-360.04-1.30%
JSE Gold17:002339.08-62.89-2.62%
JSE Financial17:0821122.74-60.85-0.29%
JSE Industrial17:0531779.62-325.64-1.01%
JSE Indust 2517:0026548.20-363.17-1.35%
JSE Resource17:0051452.93-760.63-1.46%
DJ Futures19:4011924.0018.000.15%
DJ Ind19:4511992.7031.180.26%
SP 50019:501271.043.400.27%
FTSE 10017:355714.9416.130.28%
All Ords08:374551.104.400.10%
NZSE 5007:363469.59-12.02-0.35%
NameTimeRPMove% Move
Gold/R kg20:00334896-1416-0.42%
Brent Crude19:56112.45-3.75-3.23%
Rand / Dollar19:586.7742-0.0649-0.95%
Rand / Pound19:5510.9168-0.1113-1.01%
Rand / Euro19:559.6829-0.0391-0.40%
Rand / NZD19:585.4950-0.0168-0.30%
Rand / AUD19:557.1828-0.0452-0.63%
Yen / Dollar19:5880.0800-0.5400-0.67%
Euro / Dollar19:560.69950.69950.00%
Dollar / Euro19:561.42890.00770.54%
Pound / Dollar19:550.61860.00040.06%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 COMPCLEAR  3053512.96.%2000
2 MMG  120109.09.%22365
3 ACUCAP  39953208.71.%281031
4 MIXTEL  140107.69.%311700
5 LONAFRIC  170106.25.%2982
6 ALTECH  59753456.13.%183481
7 EQSTRA  695406.11.%773957
8 PHUMELELA  1150655.99.%1006
9 REUNERT  63323425.71.%915980
10 JSE  67923124.81.%1296788
11 BRAIT  1750774.60.%5066913
12 HOWDEN  1260453.70.%3
13 MUSTEK  456163.64.%390849
14 SANTAM  130004403.50.%37660
15 LEWIS  80552553.27.%610494
16 ABIL  34251083.26.%6271906
17 AFROX  1957573.00.%726313
18 CITYLDG  71002032.94.%276874
19 ONELOGIX  10832.86.%80527
20 CML  1900512.76.%1227997

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Major Moves Down
SharenameSaleMove% MoveVolume
1 WITSGOLD  3560-690-16.24.%7434
2 ALTRON  2400-390-13.98.%773664
3 JUBILEE  275-44-13.79.%389399
4 FREEWORLD  1055-145-12.08.%362
5 BLUETEL  510-40-7.27.%10631457
6 NUWORLD  1765-135-7.11.%1000
7 WESIZWE  180-10-5.26.%225393
8 HWANGE  390-20-4.88.%25000
9 TONGAAT  8547-413-4.61.%482425
10 EHSV  5385-260-4.61.%250660
11 HARMONY  8413-377-4.29.%2385055
12 NASPERSN  36000-1570-4.18.%3495107
13 TELKOM  3450-145-4.03.%3343029
14 CBH  480-20-4.00.%2282073
15 OANDO  240-10-4.00.%8300
16 RAINBOW  1600-60-3.61.%7650
17 AQUARIUS  3352-123-3.54.%130415
18 WINHOLD  164-6-3.53.%22000
19 PINNACLE  823-29-3.40.%210206
20 HCI  7720-269-3.37.%8874

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New Highs
SharenameSaleHighMove% MoveVolume
1 ACUCAP  399539953208.71.%281031
2 HOWDEN  12601260453.70.%3

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New Lows
SharenameSaleLowMove% MoveVolume
1 WITSGOLD  35603395-690-16.24.%7434
2 JUBILEE  275252-44-13.79.%389399
3 TONGAAT  85478547-413-4.61.%482425
4 CADIZ  261255-9-3.33.%129613
5 GOLIATH  329329-11-3.24.%1350
6 LONMIN  1552015211-445-2.79.%1155038
7 ANGGOLD  2872728475-523-1.79.%1636198
8 MERAFE  115112-1-0.86.%16063437

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Index Summary
Index NameRPMove% Move
Top 4027,324.34-360.04-1.30%
Mid Cap41,758.7336.830.09%
Small Cap32,135.92153.140.48%
Resource 2051,452.93-760.63-1.46%
Industrial 2526,548.20-363.17-1.35%
Financial 157,905.08-40.77-0.51%
Financial & Ind. 3029,601.30-333.07-1.11%
All Share30,669.26-331.26-1.07%
Oil & Gas 26,182.76-387.97-1.46%
Mining 33,676.90-521.10-1.52%
Gold Mining2,339.08-62.89-2.62%
Platinum Mining68.52-.20-0.29%
Oil & Gas Producers 14,077.99-208.60-1.46%
Basic Materials 28,632.07-414.69-1.43%
Chemicals 13,844.92180.791.32%
Forestry & Paper 14,379.90-256.49-1.75%
Industrial Metals 29,083.78-.42-0.00%
Industrials 27,360.05-190.14-0.69%
General Industrials 73,827.04-1245.41-1.66%
Consumer Goods 26,082.77-373.46-1.41%
Automobiles & Parts 3,383.10-4.53-0.13%
Household Goods146.93-2-1.53%
Health Care 33,015.50-325.46-0.98%
Beverages 80.65-.82-1.01%
Food Producers 46,927.77-323.12-0.68%
Index NameRPMove% Move
Personal Goods 407.50-9.08-2.18%
Consumer Services 51,356.62-614.70-1.18%
General Retailers 40,385.09210.860.52%
Travel & Leisure 3,777.2857.071.53%
Media 79.55-3.38-4.08%
Support Services 2,442.5529.071.20%
Telecommunications 66,471.21-372.31-0.56%
Financials 21,122.74-60.85-0.29%
Banks 39,089.71-147.06-0.37%
Non-life Insurance 31,523.821066.963.50%
Life Insurance 15,468.40-73.01-0.47%
General Financial 2,236.7012.720.57%
Technology 21,420.56-97.39-0.45%
SHARIAH TOP40 3,015.59-42-1.36%
FTSE/JSE SHARIAH ALL3,085.32-39-1.26%
COAL MINING22,186.13-267-1.19%
FTSE JSE Fledgling 4,509.34-40-0.87%
FTSE/JSE Alt X 1,070.72232.23%
CAPPED PROPERTY 317.51-0.14%
RESOURCE 28,399.01-437-1.52%
DIVIDEND PLUS165.71-1-0.68%
FTSE/JSE RAFI 406,390.13-73-1.12%
Capped Top 4014,277.57-185-1.28%
Capped All Share15,462.99-164-1.05%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
21 Jun 2011FIURANIUMMarch 2011 (Q)
24 Jun 2011AVUSAMarch 2011 (Final)
24 Jun 2011DIAMONDCPDecember 2010 (Final)
24 Jun 2011FREEWORLDMarch 2011 (Interim)
24 Jun 2011TELEMASTRMarch 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
MARSHALL11-06-1511-07-0111-07-15R 0.0150
SBRJSEP1111-06-1511-09-0211-09-15R 1.4500
MIXTEL11-06-1311-07-2211-08-01R 0.0600
TELKOM11-06-1311-07-0111-07-11R 1.4500
SYCOM11-06-0911-06-2411-07-04R 0.7949
Ex Div**
Share NameDec-DateLDTPay-DateAmount
CAPITEC11-03-3011-06-1711-06-27R 2.0500
MRPRICE11-05-2611-06-1711-06-27R 1.7530
JDGROUP11-05-1611-06-1711-06-27R 1.0000
ADCOCK11-05-2411-06-1711-06-27R 0.8100
HCI11-05-1911-06-1711-06-27R 0.6000

Upcoming AGMs**
CodeCompany NameDateStatus
MTNMTN Group Ltd22/06/2011Confirmed
ISAISA Holdings Ltd22/06/2011Confirmed
SOHSouth Ocean Holdings Ltd22/06/2011Confirmed
CRGCargo Carriers Ltd23/06/2011Confirmed
KIRKairos Industrial Holdings Ltd24/06/2011Confirmed

Stock Exchange News Service
17/06/201117:31 Rockwell - Fatal accident at Tirisano Mine Project
17/06/201117:15 Miranda Mineral Holdings Limited - Withdrawal of cautionary announcement
17/06/201117:00COH - Curro Holdings Limited - Dealing in Curro Holdings Limited shares by an
17/06/201116:54 Redefine Properties Limited - Further cautionary announcement
17/06/201116:51 Pinnacle Point Group Limited - Claw back offer finalisation announcement
17/06/201116:45CCO - Capital & Counties Properties PLC - Notification of 2011 Interim Results
17/06/201116:14 Truworths International Limited - Prohibited Period Share Repurchase
17/06/201116:12 Randgold & Exploration Company Limited - Withdrawal of cautionary
17/06/201116:11 AECI Limited - Dealing in securities by an associate of a director
17/06/201116:05 Basil Read Holdings Limited - Dealings in securities by group corporate
17/06/201115:59 AVI Limited - Acceptance of share options by AVI directors and directors
17/06/201115:56 Jubilee Platinum Plc - Shareholder update and withdrawal of cautionary
17/06/201115:38 IFCA - Change of Designated Adviser and Company Secretary
17/06/201115:00 Mas Plc - Results of scrip dividend and issue of new shares
17/06/201114:59 Control Instruments - Results of Annual General Meeting
17/06/201114:47 MICROmega Holdings Limited - Withdrawal of Cautionary Announcement
17/06/201114:37 Intertrading Limited - Announcement of a firm intention by Encha Tech
17/06/201114:30 New Europe Property Investments plc - Update regarding NEPI`S listing
17/06/201114:26COH - Curro - Dealing in Curro Holdings Limited Shares by an Associate
17/06/201114:24 Morvest Business Group Limited - Appointment to the board of directors
17/06/201114:21 Thabex Limited - Renewal of cautionary announcement
17/06/201114:20 Moneyweb Holdings Limited - Trading Update
17/06/201114:19 Trustco - Voluntary Announcement Relating to Trustco Mobile`s Transaction
17/06/201114:15 Illovo Sugar Limited - No Change Statement and Notice of Annual General
17/06/201114:13 AF Pref - Renewal of Cautionary Announcement relating to Alexander Forbes
17/06/201114:00MEC - Mercedes-Benz South Africa (Proprietary) Limited - Upgrade by Fitch
17/06/201113:00 Old Mutual Plc - Notification of Transactions of Directors, Persons
17/06/201113:00 Datatec Limited - Notification of major interest in shares by shareholder
17/06/201112:57BBET40 - The BettaBeta Equally Weighted Top 40 portfolio - Listing of additional
17/06/201112:13IVU - iVuzi Investments Limited - Tap Issue Listing
17/06/201112:05SCIB : USDSCF - The Standard Bank Of South Africa Limited - Issue of currency
17/06/201111:00 Poynting Holdings Limited - Withdrawal of cautionary announcement
17/06/201110:36 Exxaro - Trading of Exxaro Ordinary Shares on behalf of the Exxaro
17/06/201108:51 Universal Industries Corporation Limited - Effective date of Danie
17/06/201107:51 Metorex Limited - Posting of circular and notice of general meeting
17/06/201107:45 Aquarius Platinum Limited - Appendix 3B- New issue announcement
17/06/201107:16 Metorex Limited - Cautionary announcement
17/06/201107:11 British American Tobacco p.l.c - Transaction in own shares
17/06/201107:10 British American Tobacco p.l.c - Transaction in own shares
17/06/201107:10SYN836 - Synthesis Funding Limited - New Financial Instrument Listing
17/06/201107:06 BHP Billiton Plc - Transaction in shares
17/06/201107:05 DiamondCorp plc - Placing to raise GBP3.48 million
17/06/201107:05 BHP Billiton Plc - Transaction in shares
17/06/201107:05 BRC Diamondcore Ltd - BRC Diamondcore announces name change and share

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