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 The Sharenet Daily 
Wednesday, 22 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.

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 support@sharenet.co.za
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 weaker;wage demands weigh on miners

By Phumza Macanda and Helen Nyambura-Mwaura

JOHANNESBURG (Reuters) - South Africa's rand weakened against the dollar on Wednesday as importers and the Reserve Bank were in the market buying dollars after it hit two-week highs.

The rand hit two-week highs of 6.70 to the dollar but retreated as the Reserve Bank and importers came in and pushed it to session lows of 6.7910.

By late in Johannesburg it was off lows as the greenback lost ground ahead of the Federal Reserve policy statement.

Government bonds also trimmed earlier losses that were prompted by higher-than-expected inflation data.

Platinum shares dragged local stocks lower with the bourse falling 0.6 percent as companies in the sector faced high wage demands from labour unions.

Unions are asking for double-digit wages increases as high as 20 percent at some companies, almost five times the inflation rate of 4.6 percent.

The rand was trading at 6.7629 against the dollar at 1608 GMT, 0.75 percent weaker than Tuesday's New York close of 6.7125.

"The euro's rise against the dollar ahead of the Federal Reserve has helped to lift the rand from its earlier lows," said Ion de Vleeschauwer, chief dealer at Bidvest Bank.

"If the Fed is dovish as expected, then the rand will regain some of these losses tomorrow morning."

The U.S. Federal Reserve is expected to signal that rates will remain low, which will be negative for the dollar.

Even if the rand gains a bit, it will find it tough to break resistance at 6.6750 because worries about the Greek debt crisis are keeping investors wary of going long on high risk assets.

Yields on government bonds rose, with that on the 2015 up 0.5 basis points to 7.47 percent, from a session high of 7.50 while the 2026 yield went up one basis point to 8.56 percent, from 8.60 percent.

On the bourse, the JSE Top-40 index of blue chips fell 0.64 percent to 27,475.40, bringing this month's decline to 6 percent. The All-Share index declined nearly 0.6 percent to 30,792.87.

"What's moving us down is the platinum miners' side," one trader said.

Anglo American Platinum fell 3.3 percent to 618.00 rand as the firm began tough wage negotiations with a union asking for a 20 percent pay rise for its members.

Lower global prices were another drag for miners, with Impala Platinum down 1.05 percent to 178.50 rand.

Shares of MTN, Africa's largest mobile operator, fell nearly 2 percent after the firm said January-April revenue was only marginally higher due to the effect of a stronger rand.

Johannesburg-listed shares of SABMiller also fell over 1 percent, the second straight drop, on worries the global brewer would have to cough up more than its initial $10 billion bid for Australia's Foster's Group.

Wed, 22 Jun 2011
Top News
Junior coal miners in South Africa should focus on supplying the domestic market as access to lucrative exports is likely to remain constrained for some time to come, an industry official said on Wednesday.  Full story

MTN Group, Africa's largest telecom group, said on Wednesday it has topped 150 million subscribers across 21 countries, as it continues to expand in fast-growing developing markets.  Full story
Signs of discord emerged on Wednesday in the NATO alliance over the air campaign against Libyan leader Muammar Gaddafi, as Italy said it favoured a cease-fire and political talks while France dismissed the idea.  Full story
A senior U.S. official held talks on Wednesday with government officials in Yemen, which is teetering on the brink of civil war over President Ali Abdullah Saleh's refusal to meet protesters' demands to step down.  Full story
Dissident Chinese artist Ai Weiwei, detained since April, was released on bail on Wednesday, state media said, citing Beijing police.  Full story
European shares fell on Wednesday on concerns the U.S. Federal Reserve will not be able to prop up a weakening recovery, while Philips. . .  Full story
U.S. stocks traded flat to slightly higher on Wednesday after the Federal Reserve acknowledged the sluggish pace of the U.S. economic recovery, but gave. . .  Full story
Gold extended its rally toward a record high on Wednesday, fueled by uncertainty over Greece's debt crisis and expectations of loose global monetary policies. . .  Full story
Britain's top share index closed marginally lower on Wednesday, as weakness in banks offset gains in defensive stocks with investors jostling positions ahead. . .  Full story

The euro inched up on Wednesday and global stocks rose after the Greek government won a vote of confidence, boosting risk appetite that. . .  Full story
Hong Kong shares ended little changed on Wednesday as sustained weakness in Chinese banking shares ate into earlier gains dragging the index back.. . .  Full story
Australian stocks trimmed gains to close up 0.5 percent on Wednesday as interest in the banks tapered late in the day, while a. . .  Full story
The Nikkei stock average climbed 1.8 percent on Wednesday, hitting a three-week high as short-covering kicked in after Greece's government survived a confidence vote. . .  Full story
SA Business
South African freight logistics group Transnet still expects to move 70 million tonnes of export coal to port by rail in. . .  Full story
South Africa's National Union of Mineworkers said it may go on strike at diamond producer De Beers after a wage dispute.. . .  Full story
South African consumer inflation accelerated more than expected in May, boosting chances the Reserve Bank might start lifting interest rates before. . .  Full story
South African power utility Eskom said on Wednesday that construction at two new power stations was on track despite delays caused. . .  Full story

Belgian identification systems maker Zetes has bought South African supply chain and automatic data entry company ProScan for 5.2 million euros in cash, the group said on Wednesday.. . .  Full story
South Africa's rand touched near two-week highs against the dollar on Wednesday ahead of data likely to show an uptick in inflation, keeping alive the changes of interest rates rising by year-end.. . .  Full story
Company News
Shareholders are advised that at the annual general meeting all the resolutions proposed at the meeting were passed by the requisite. . .  Full story
Imperial announce that Mr Roy McAlpine has retired as non-executive director of Imperial, having reached the mandatory retirement age for non-. . .  Full story
Shareholders are advised that Ideco has entered into negotiations, which if successfully concluded may have a material effect on the price. . .  Full story
Shareholders are advised that the company has entered into negotiations, which if successfully concluded, may have a material effect on the. . .  Full story

Shareholders are referred to the announcement published on 28 March 2011, wherein, shareholders were advised of changes to the board and executive of Grindrod Limited. John Jones resignation from the board will now become effective on 30 June 2011, as he. . .  Full story
The board of directors of Kumba announce the appointment of Mr Litha M Nyhonyha as a non-executive director of Kumba with immediate effect.. . .  Full story
Company Results
Sales revenue for the twelve months ended 31 March 2011 increased to R12.2 billion (2010: R11.8 billion). Trading profit lowered to R659 million (2010: R841 million), but profit attributable to equity holders of the parent more than doubled to R9.7 billion. . .  Full story
Revenue increased to R35.2 million (R22 million). Gross profit soared to R12.1 million (R0.8 million) and the operating loss was lower at R18.1 million (loss of R25.4 million). Net attributable profit more than doubled to R15.2 million (R6 million). In addition,. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0030792.87-179.01-0.58%
JSE Top 4017:0027475.40-178.04-0.64%
JSE Gold17:002393.3026.701.13%
JSE Financial17:0021023.68-176.08-0.83%
JSE Industrial17:0031789.44-238.17-0.74%
JSE Indust 2517:0026583.33-234.08-0.87%
JSE Resource17:0052076.99-174.36-0.33%
DJ Futures20:0012125.0029.000.24%
DJ Ind19:3112198.348.330.07%
SP 50019:421297.311.790.14%
FTSE 10017:355772.99-2.32-0.04%
All Ords08:384590.8025.600.56%
NZSE 5007:363457.46-2.11-0.06%
NameTimeRPMove% Move
Gold/R kg20:0033705541001.23%
Brent Crude19:56114.283.733.37%
Rand / Dollar19:596.75300.04580.68%
Rand / Pound19:5510.8462-0.0305-0.28%
Rand / Euro19:559.72580.05580.58%
Rand / NZD19:585.52380.07431.36%
Rand / AUD19:557.18000.05920.83%
Yen / Dollar19:5980.3000-0.0100-0.01%
Euro / Dollar19:550.6941-0.0001-0.01%
Dollar / Euro19:561.43990.00010.01%
Pound / Dollar19:550.62050.00490.80%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 KELLY  3855516.67.%33617
2 GBGOLD  134816814.24.%1000
3 ANOORAQ  549448.71.%5543
4 RAINBOW  17241247.75.%42974
5 COMAIR  225157.14.%1000
6 NICTUS  150107.14.%32109
7 ZEDER  24793.78.%106150
8 EASTPLATS  620203.33.%712024
9 KEATON   310103.33.%440102
10 HARMONY  88252713.17.%1029066
11 JASCO  10333.00.%45631
12 ILIAD  690202.99.%51482
13 WITSGOLD  39001002.63.%250
14 TRADEH  600152.56.%5000
15 CAT  1510342.30.%30590
16 DISTELL  71501502.14.%901
17 IQUAD  24052.13.%99300
18 TREMATON  14532.11.%5000
19 DATATEC  3839741.97.%238457
20 ELBGROUP  2090401.95.%2130

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Major Moves Down
SharenameSaleMove% MoveVolume
1 NEPI  3300-300-8.33.%100076
2 JUBILEE  254-22-7.97.%566500
3 BLUETEL  480-24-4.76.%1904053
4 PALCAP  267-13-4.64.%821300
5 HWANGE  375-15-3.85.%15000
6 WILDRNESS  530-20-3.64.%2995
7 MIXTEL  135-5-3.57.%10000
8 OPTIMUM  2749-95-3.34.%144176
9 ANGLOPLAT  61800-2100-3.29.%454349
10 WESIZWE  170-5-2.86.%437406
11 PALLINGHT  380-10-2.56.%208961
12 ABIL  3363-88-2.55.%2758455
13 EHSV  5239-130-2.42.%64729
14 METROFILE  205-5-2.38.%2716779
15 OCEANA  3700-89-2.35.%858
16 ARM   18500-440-2.32.%383648
17 NETCARE  1480-35-2.31.%3083036
18 PLATMIN  479-11-2.24.%57346
19 STEINHOFF  2249-51-2.22.%8082856
20 MTN  13410-270-1.97.%6878582

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New Highs
SharenameSaleHighMove% MoveVolume
1 NICTUS  150150107.14.%32109

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New Lows
SharenameSaleLowMove% MoveVolume
1 JUBILEE  254248-22-7.97.%566500
2 RAUBEX  16971670-23-1.34.%49607
3 RANGOLD  245240-3-1.21.%27558

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Index Summary
Index NameRPMove% Move
Top 4027,475.40-178.04-0.64%
Mid Cap41,620.61-105.07-0.25%
Small Cap31,955.34-45.79-0.14%
Resource 2052,076.99-174.36-0.33%
Industrial 2526,583.33-234.08-0.87%
Financial 157,879.13-81.32-1.02%
Financial & Ind. 3029,587.12-282.99-0.95%
All Share30,792.87-179.01-0.58%
Oil & Gas 26,408.38-466.86-1.74%
Mining 34,121.81-12.52-0.04%
Gold Mining2,393.3026.701.13%
Platinum Mining68.36-1.14-1.64%
Oil & Gas Producers 14,199.30-251.02-1.74%
Basic Materials 28,987.27-12.77-0.04%
Chemicals 13,754.8544.930.33%
Forestry & Paper 14,370.65-93.72-0.65%
Industrial Metals 29,404.2645.100.15%
Industrials 27,322.72-180.31-0.66%
General Industrials 73,895.61-853.59-1.14%
Consumer Goods 26,122.02-92.35-0.35%
Automobiles & Parts 3,333.28-18.12-0.54%
Household Goods142.93-3-2.22%
Health Care 33,220.95-541.17-1.60%
Beverages 78.21-.89-1.13%
Food Producers 47,311.67-114.29-0.24%
Index NameRPMove% Move
Personal Goods 426.873.890.92%
Consumer Services 51,663.79-394.93-0.76%
General Retailers 39,993.33-120.10-0.30%
Travel & Leisure 3,711.342.370.06%
Media 81.25-1.29-1.56%
Support Services 2,408.01-14.87-0.61%
Telecommunications 65,720.82-1128.12-1.69%
Financials 21,023.68-176.08-0.83%
Banks 38,857.85-487.49-1.24%
Non-life Insurance 31,523.82-242.49-0.76%
Life Insurance 15,497.48-117.58-0.75%
General Financial 2,212.75-22.84-1.02%
Technology 21,475.68241.371.14%
SHARIAH TOP40 3,040.28-17-0.54%
FTSE/JSE SHARIAH ALL3,108.45-16-0.51%
COAL MINING22,175.15-34-0.15%
FTSE JSE Fledgling 4,547.79601.34%
FTSE/JSE Alt X 1,077.84-1-0.14%
RESOURCE 28,756.55-78-0.27%
DIVIDEND PLUS163.85-1-0.61%
FTSE/JSE RAFI 406,403.08-52-0.81%
Capped Top 4014,345.27-102-0.71%
Capped All Share15,521.20-93-0.59%

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

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
DCENTRIX11-06-2011-07-0811-07-18R 0.0918
MERCHANT11-06-2011-07-0811-07-18R 0.1100
MARSHALL11-06-1511-07-0111-07-15R 0.0150
SBRJSEP1111-06-1511-09-0211-09-15R 1.4500
TELKOM11-06-1311-07-0111-07-11R 1.4500
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
SOHSouth Ocean Holdings Ltd22/06/2011Confirmed
MTNMTN Group Ltd22/06/2011Confirmed
ISAISA Holdings Ltd22/06/2011Confirmed
CRGCargo Carriers Ltd23/06/2011Confirmed
PNCPinnacle Technology Holdings Ltd24/06/2011Confirmed

Stock Exchange News Service
22/06/201117:19 Cargo Carriers Limited - Cancellation of Annual General Meeting
22/06/201117:16ABSW17 - ABSA Capital - Notice of the expiry and maturity of instrument
22/06/201117:15 Lewis Group Limited - Directors` Dealing in Securities
22/06/201116:50 Anglo American plc - Director`s / PDMR`s Interests
22/06/201116:50 South Ocean Holdings Limited - Results of Annual General Meeting
22/06/201116:49 BSI Steel Limited - Dealing in securities by a Director
22/06/201116:48 Invicta - Announcement regarding aloeCap Transaction
22/06/201116:28 MTN Group Limited - Results of Annual General Meeting
22/06/201116:23BAW4 - Barloworld Limited - Interest Rate Reset: BAW4
22/06/201116:20 Peregrine Holdings Limited - Dealings in securities by a director
22/06/201116:14 Lonmin Plc - Notification of major interest in shares
22/06/201116:13 Imperial - Changes to the board of Directors
22/06/201116:05 Pinnacle - Dealing in securities by director
22/06/201116:00 Stefanutti Stocks Holdings Limited - Dealings in securities by directors
22/06/201115:45 Ideco Group Limited - Cautionary announcement
22/06/201115:35 Massmart Holdings Limited - Notification of Dealings
22/06/201115:33 Massmart Holdings Limited - Correction to Massmart board announcement
22/06/201115:20 AVI Limited - Trading update and statement for the year ending 30 June
22/06/201115:12 Ububele Holdings Limited - Cautionary Announcement
22/06/201114:49BIIVU - iVuzi Investments Limited - New financial instrument and tap issue
22/06/201114:47 Imuniti Holdings Limited - Changes to the board of directors
22/06/201114:45 Lonrho Plc - Notification of major interest in shares
22/06/201114:43 MTN Group Limited - 16TH Annual General Meeting - Business update and
22/06/201114:41 Imuniti Holdings Limited - Proposed dual listing on the AIM Market of the
22/06/201113:36STDB- The Standard Bank of South Africa Limited - New Financial Instrument
22/06/201113:05 Andulela Investment Holdings Limited - Update on the acquisition by
22/06/201112:44 ISA Holdings Limited - Results of the annual general meeting
22/06/201112:30 SABMiller Plc - Annual financial report
22/06/201112:08COH - Curro Holdings Limited - Dealing in Curro Holdings Limited shares by an
22/06/201112:06 Trematon Capital Investments Limited - Dealing in Securities by Director
22/06/201112:02BIEQS - Eqstra Corporation (Proprietary) Limited - Interest Rate Reset
22/06/201111:57FR1 - FirstRand Bank Limited - Listing of New Financial Instrument
22/06/201111:33GND & GNDP - Grindrod Limited - Directorate/Executive
22/06/201111:06 Famous Brands Limited - Dealings in securities
22/06/201110:55 Keaton Energy Holdings Limited - Preliminary summarised audited group
22/06/201110:51 South African Coal Mining Holdings Limited - Update re ruling of Appeal
22/06/201110:04 Kumba Iron Ore Limited - Appointment of non-executive director
22/06/201109:58 Firestone Energy Limited - Appendix 3B
22/06/201109:12GFISBF - The Standard Bank of South Africa Limited - Issue of stock warrants
22/06/201109:10SCIB/IMPSBJ - The Standard Bank Of South Africa Limited - Issue of Stock
22/06/201109:06 Firestone Energy Limited - Appendix 3Y Change of Director`s Interest
22/06/201109:04 Firestone Energy Limited - Appendix 3B
22/06/201109:02 Firestone Energy Limited - Firestone Completes Australian and New Zealand
22/06/201108:21 Redefine Properties International Limited - Further Cautionary
22/06/201108:11 Capricorn Investment Holdings Limited - Cautionary announcement
22/06/201108:00CCO - Capital & Counties Properties PLC - Earls Court planning applications
22/06/201108:00 Pan African Resources PLC - Significant resource upgrade at Manica Gold
22/06/201108:00STXSWX - SATRIX SWIX TOP 40 Portfolio - Partial delisting of securities
22/06/201107:13 BHP Billiton Plc - Transaction in shares
22/06/201107:10 British American Tobacco P.l.c. - Transaction in own shares
22/06/201107:10SYN838 - Synthesis Funding Limited - New Financial Instrument Listing
22/06/201107:05 Gold One International Limited - Update on A$0.55 per share cash offer and

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