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 The Sharenet Daily 
Friday, 22 July 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 rand steady, bonds near multi-week highs

By Mmathabo Tladi and Phumza Macanda

JOHANNESBURG (Reuters) - South Africa's rand held steady against the dollar on Friday after crawling back up from six-week lows hit early this week, while bonds ended near multi-week highs.

Domestic blue chip stocks slipped for the first session in three, as banks such as Absa Group fell to profit-taking after a recent run-up.

The Top-40 index of blue chips fell 0.4 percent to 28,664.52, snapping three straight sessions of slight gains.

The broader All-share index declined 0.3 percent to 32,016.30.

The rand firmed by more than 1.5 percent to the dollar in the week and is expected to gain more next week if sentiment towards risky assets remains favourable.

Charts back the view of a firming rand after it pierced the 6.82 level. It is also trading firmer than its 50-, 100- and 200-day moving averages.

It stood at 6.7776 against the dollar at 1550 GMT, not far from Thursday's New York close of 6.77.

"A lot of the risk around the European sovereign debt crisis has been alleviated after the summit yesterday that outlined some of the bailout package," said Brigid Taylor, dealer at Nedbank.

Investors breathed a sigh of relief and took risky bets after euro zone leaders agreed on a second rescue deal for Greece in a bid to stop the debt crisis from spreading.

"We have also seen good demand for our local bonds from foreigners, which just indicates we potentially can see better levels on the rand," Taylor added, forecasting a range of 6.68 to 6.88 for the rand next week.

But the rand will likely meet with some resistance at 6.72, which has previously attracted Reserve Bank and importer buying of foreign exchange.

Risky assets could benefit further next week if U.S. lawmakers break their impasse on raising the debt ceiling to avoid a debt default.

Government bond prices gained as foreigners bought local debt after weak retail sales data and dovish Reserve Bank comments suggested monetary policy could remain accommodative throughout 2011.

The yield on the 4-year bond hit its lowest since mid-January earlier and ended steady at 7.38 percent. The 2026 yield fell to 6-week lows 0f 8.43 percent before coming back to 8.48 percent.

Spreads between local bonds and U.S. Treasuries have narrowed, with that on the 30-year paper and its U.S. equivalent narrowing to 4.52 this week from 4.81 percent last week.

Foreign interest in local debt is expected to continue partly due to the fragility of the local economy and high yields.

In stocks, banks were among the hardest hit as firmer commodity prices prompt investors to shift back into some resource-related companies, which were sold in the last few sessions.

"There has been noticeable sector rotation as (investors) have moved out of the financials and are taking a bit more risk, buying into more resources," says Michele Santagelo, a portfolio manager at Newstrading.

The drop in banks bucked the trend in Europe, where financials have been boosted after euro zone leaders agreed to a second rescue package for debt-ridden Greece.

Johannesburg's index of bank stocks fell nearly 2 percent.

Standard Bank, Africa's largest lender by assets, slid 2.5 percent to 97.60 rand. Absa Group, the South African bank that is majority owned by Britain's Barclays dropped 2 percent to 133.00 rand.

Among the gainers, Mondi Ltd rose more than 2 percent after the paper maker said its first-half earnings would rise by nearly 70 percent. The company said in May it was seeing increases in both price and sales.

Miners also rose, with Anglo American Plc adding 1 percent while AngloGold Ashanti climbed nearly 1 percent.

Fri, 22 Jul 2011
Top News
South Africa's power utility Eskom on Friday increased its wage offer to unionised workers, trying to head off a strike that could cut power to Africa's largest economy.  Full story

South Africa's main petroleum sector union lowered its pay increase demand to 9.5 percent from 13 percent in a bid to end a two-week strike which disturbed supplies of fuel in Africa's biggest economy, it said on Friday.  Full story
A bomb devastated the main government building in Norway's capital Oslo on Friday, killing two people, and a gunman wounded five people hours later in a shooting at a youth camp, state media reported.  Full story
A U.N. envoy will seek to persuade warring parties in Libya to accept a plan that envisages a cease-fire and a power-sharing government, but with no role for Muammar Gaddafi, a European diplomat said.  Full story
Serbia extradited the last ethnic Serb wanted by the U.N. war crimes tribunal for the former Yugoslavia to The Hague Friday, in a symbolic moment for the once-pariah Balkan nation's European future.  Full story
Gold rose about 1 percent on Friday, nearing this week's record high as reservations over a bailout plan for debt-laden Greece and concerns over. . .  Full story
European shares ended the day and week higher on Friday, led by oil stocks, as a second bailout for debt-laden Greece gave an. . .  Full story
Britain's top shares ended higher on Friday, in spite of banks paring gains after initial euphoria over a Greek debt bailout wore off.. . .  Full story
World stocks held firm on Friday but the euro fell and Wall Street stocks were mixed as investors turned their attention to the. . .  Full story

The Dow fell on Friday after disappointing results from Caterpillar and Microsoft, reversing optimism after a strong week of earnings.. . .  Full story
Tokyo stocks climbed to a two-week high on Friday, led by banks that jumped on Morgan Stanley's strong results and euro-sensitive issues such as. . .  Full story
Australian shares rallied 1 percent to end at a two-week high on Friday as investor confidence improved after euro zone leaders agreed on. . .  Full story
U.S. stocks climbed on Thursday as signs of progress on the U.S. debt talks and concrete action from Europe on its own debt. . .  Full story
SA Business
. . .  Full story
Standard Bank Group could seal by year-end the first sale of Brazil's corporate debt denominated in South Africa's currency, as the. . .  Full story
Namibia plans to raise its mining tax by 17 percent to boost revenue, but the hike will not apply to the. . .  Full story
South Africa's maize stocks rose to 3.315 million tonnes at the end of June compared with a revised 1.75 million tonnes. . .  Full story

South Africa is in its mid-year labour bargaining session known locally as "strike season", with unions seeking wage hikes about two to three-times the. . .  Full story
Econet Burundi's mobile phone subscribers rose by 140 percent to 600,000 in July year-on-year, the operator said, thanks to rapid growth. . .  Full story
South Africa auctioned 3.825 billion rand worth of three-month Treasury Bills on Friday at an average yield of 5.56 percent from. . .  Full story
South Africa will likely lower its May 2010-April 2011 season maize estimates due to lower yields in some parts of the. . .  Full story

South Africa's National Union of Mineworkers (NUM) said on Friday power utility Eskom has presented a new pay rise offer of 7 percent, up from the 5.5 percent presented earlier.. . .  Full story
. . .  Full story
South African assets were trading firmer early Friday with the rand extending previous gains to a nine-day high as global investor sentiment turned positive after a fresh bail out for Greece. . .  Full story
Company News
Shareholders are advised that the following appointments to board committees have been made with effect from 21 July 2011: Ms TH. . .  Full story
Shareholders of GPI were advised that Mr Charl Williams has resigned as independent non-executive director of the company with effect from. . .  Full story
Acquisition of ordinary shares by RMB Investment and Advisory (Pty) Ltd ("RMBIA") In accordance with section 122(3)(b) of the Companies Act,. . .  Full story
Shareholders are referred to the announcements dated 30 December 2010 and 18 April 2011 detailing the announcement by Pinpoint of its. . .  Full story

Shareholders are advised that at the annual general meeting of the company held at 10:00 on Thursday, 21 July 2011, the. . .  Full story
RBPlat is in the process of finalising its financial results for the six months ended 30 June 2011. The company advised. . .  Full story
Spar shareholders ("shareholders") were advised that at the general meeting of shareholders, all the special resolutions contained in the notice of. . .  Full story
Notice is hereby given that a general meeting of Sentula will be held at 15:00 at Ground Floor, Building 14, Woodlands. . .  Full story
Company Results
Revenue for the interim period ended 30 June increased to R24.1 billion (2010: R17.8 billion). Operating profit grew to R16.9 billion (2010: R11.2 billion), while profit attributable to owners of Kumba rose to R9.1 billion (2010: R6.5 billion). Furthermore, headline earnings strengthened to 2823cps (2010: 2028cps). Dividend At its board meeting on 20 July 2011 the directors declared an interim cash dividend of 2170cps on the ordinary shares from profits accrued during the year endin. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0032016.30-109.49-0.34%
JSE Top 4017:0028664.52-103.06-0.36%
JSE Gold17:002537.512.630.10%
JSE Financial17:0021543.09-235.14-1.08%
JSE Industrial17:0033378.66-173.86-0.52%
JSE Indust 2517:0028005.38-173.56-0.62%
JSE Resource17:0053957.17130.270.24%
DJ Futures18:5012640.00-65.00-0.51%
DJ Ind19:3512694.18-30.23-0.24%
SP 50019:101345.171.370.10%
FTSE 10017:355935.0235.130.60%
All Ords08:374674.1047.901.04%
NZSE 5007:423449.2257.201.69%
NameTimeRPMove% Move
Gold/R kg19:563487263010.09%
Brent Crude19:56118.24-.25-0.21%
Rand / Dollar19:586.7640-0.0060-0.09%
Rand / Pound19:5811.0094-0.0028-0.03%
Rand / Euro19:589.7238-0.0378-0.39%
Rand / NZD19:585.85320.00940.16%
Rand / AUD19:587.34850.00850.12%
Yen / Dollar19:5578.4600-0.0300-0.04%
Euro / Dollar19:500.69580.69580.00%
Dollar / Euro19:501.4371-0.0052-0.36%
Pound / Dollar19:560.6125-0.0001-0.02%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 MAZOR  146139.77.%16953
2 HULAMIN  795608.16.%167211
3 URONE  24451255.39.%26246
4 VILLAGE  12665.00.%954073
5 PARACON  19094.97.%4000
6 ADCORP  28801304.73.%11695
7 VERIMARK  16663.75.%64790
8 MRHLD  30251053.60.%3250260
9 CBH  495153.13.%74230
10 JASCO  10133.06.%1862
11 COMAIR  25762.39.%100
12 CADIZ  30272.37.%72988
13 CIL  870202.35.%26678
14 LITHA  26662.31.%368400
15 JUBILEE  22552.27.%31968
16 VIVIDEND  44592.06.%60533
17 MONDILTDP  55601102.02.%3573542
18 ALTRON-P  2591481.89.%15442
19 AMA  17531.74.%25200
20 RBPLAT  60001001.69.%587300

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Major Moves Down
SharenameSaleMove% MoveVolume
1 KELLY  370-29-7.27.%839
2 OANDO  231-9-3.75.%14019
3 CIPLAMED  645-20-3.01.%1166752
4 ASPEN  8406-244-2.82.%2891461
5 HOSP-B  710-20-2.74.%6270
6 S-OCEAN  156-4-2.50.%15582
7 STANBANK  9760-246-2.46.%4794197
8 LIB-HOLD  7398-158-2.09.%137107
9 ANOORAQ  480-10-2.04.%96026
10 GBGOLD  1470-30-2.00.%28200
11 OPTIMUM  2499-51-2.00.%50617
12 RMIH  1235-25-1.98.%1018714
13 ABSA  13300-269-1.98.%874879
14 RMBH  2590-50-1.89.%1773071
15 TELKOM  3650-64-1.72.%793232
16 NASPERSN  36400-633-1.71.%1911175
17 LEWIS  8419-144-1.68.%270752
18 PICKNPAY  4100-70-1.68.%752070
19 ABIL  3522-58-1.62.%1494741
20 BASREAD  1380-20-1.43.%38156

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New Highs
SharenameSaleHighMove% MoveVolume
1 REINET  12801291-5-0.39.%2539901
2 MRPRICE  72757359-46-0.63.%1098728

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New Lows
SharenameSaleLowMove% MoveVolume
1 CITYLDG  60406031-60-0.98.%63580

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Index Summary
Index NameRPMove% Move
Top 4028,664.52-103.06-0.36%
Mid Cap42,582.06-127.19-0.30%
Small Cap32,310.7317.900.06%
Resource 2053,957.17130.270.24%
Industrial 2528,005.38-173.56-0.62%
Financial 158,080.35-104.49-1.28%
Financial & Ind. 3030,991.13-257.60-0.82%
All Share32,016.30-109.49-0.34%
Oil & Gas 26,871.58-151.24-0.56%
Mining 35,452.91123.540.35%
Gold Mining2,537.512.630.10%
Platinum Mining66.66-.27-0.40%
Oil & Gas Producers 14,448.35-81.32-0.56%
Basic Materials 30,101.97102.170.34%
Chemicals 14,061.00-13.91-0.10%
Forestry & Paper 14,467.9268.310.47%
Industrial Metals 30,972.1857.490.19%
Industrials 28,264.27-61.00-0.22%
General Industrials 78,006.73-322.64-0.41%
Consumer Goods 28,016.28-120.38-0.43%
Automobiles & Parts 3,826.93-9.06-0.24%
Household Goods148.08-1-0.42%
Health Care 33,152.44-384.86-1.15%
Beverages 86.95-.35-0.40%
Food Producers 49,859.08-4.27-0.01%
Index NameRPMove% Move
Personal Goods 441.35-2.70-0.61%
Consumer Services 53,053.23-538.20-1.00%
General Retailers 42,756.43-201.73-0.47%
Travel & Leisure 3,775.52-26.07-0.69%
Media 80.44-1.37-1.67%
Support Services 2,405.8845.031.91%
Telecommunications 70,164.13-374.41-0.53%
Financials 21,543.09-235.14-1.08%
Banks 39,516.39-767.16-1.90%
Non-life Insurance 31,766.31.000.00%
Life Insurance 16,004.31-101.58-0.63%
General Financial 2,319.94-15.93-0.68%
Technology 23,211.41-53.02-0.23%
SHARIAH TOP40 3,172.7320.06%
FTSE/JSE SHARIAH ALL3,235.8520.07%
COAL MINING24,399.75-103-0.42%
FTSE JSE Fledgling 4,602.1730.07%
FTSE/JSE Alt X 1,130.72-12-1.04%
CAPPED PROPERTY 319.71-0.04%
RESOURCE 29,795.20680.23%
DIVIDEND PLUS171.34-1-0.66%
FTSE/JSE RAFI 406,653.18-32-0.48%
Capped Top 4014,965.21-66-0.44%
Capped All Share16,137.18-59-0.36%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
25 Jul 2011AMPLATSJune 2011 (Interim)
25 Jul 2011ANGLOPLATCCPJune 2011 (Interim)
25 Jul 2011HULAMINJune 2011 (Interim)
25 Jul 2011HULAMINAJune 2011 (Interim)
25 Jul 2011HULAMINBJune 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
KUMBA11-07-2111-08-1211-08-22R 21.7000
FOORDCMPS11-07-2011-08-0411-08-15R 0.3000
AFROX11-07-1911-10-1411-10-24R 0.2200
MAS11-07-1511-07-2911-08-12R 0.0214
HUDACO11-06-2911-08-1211-08-22R 1.3000
Ex Div**
Share NameDec-DateLDTPay-DateAmount
LEWIS11-05-2311-07-1511-07-25R 2.0700
SBR00311-05-0511-07-2211-08-05R 1.4900
AVUSA11-06-2311-07-2211-08-01R 0.8500
PERGRIN11-06-0111-07-1511-07-25R 0.3500
NETCARE11-05-1611-07-1511-07-25R 0.2200

Upcoming AGMs**
CodeCompany NameDateStatus
CKSCrookes Brothers Ltd22/07/2011Confirmed
SANSanyati Holdings Ltd25/07/2011Confirmed
LHGLitha Healthcare Group Ltd25/07/2011Confirmed
SNVSantova Logistics Ltd26/07/2011Confirmed
MDCMedi-Clinic Corporation Ltd27/07/2011Confirmed

Stock Exchange News Service
22/07/201116:50BAW/BAWP - Barloworld Limited - Appointments to Board Committees
22/07/201116:25 Famous Brands Limited - Dealings in securities
22/07/201116:18INVS - INVESTEC BANK LIMITED - Adjustment to the terms and conditions of ESPIBQ
22/07/201116:16 Gold Reef Resorts Limited - No change statement
22/07/201116:00 Marshall Monteagle Plc - Dealing in securities by directors
22/07/201115:58 Grand Parade Investments Limited - Directorate changes
22/07/201115:12 Vox Telecom - Acquisition of Ordinary Shares by RMB Investment and
22/07/201115:00 Growthpoint Properties Limited - General issue of new linked units for
22/07/201114:42 BSI STEEL Limited - Dealing in securities by a Director
22/07/201114:41 BSI STEEL Limited - Dealing in Securities by a Director
22/07/201114:28SABNIH - Nedbank Capital - Dividend distribution announcement in
22/07/201114:10 Conduit Capital Limited - Renewal of cautionary announcement
22/07/201112:30 Mas Plc - Update on interim dividend
22/07/201112:24DBXWD - db x-trackers MSCI World Index ETF - Distribution announcement - six
22/07/201112:23DBXUS - db x-trackers MSCI USA Index ETF - Distribution announcement - Six
22/07/201112:22DBXJP - db x-trackers MSCI Japan Index ETF - Distribution announcement
22/07/201112:21DBXUK - db x-trackers FTSE 100 ETF - Distribution announcement - six months
22/07/201112:20DBXEU - db x-trackers DJ Euro Stoxx 50 ETF - Distribution announcement - six
22/07/201112:03 Pinnacle - Claw Back Offer Finalisation Announcement
22/07/201112:02 Netcare Limited - Change to the board of directors
22/07/201111:51CT - Nictus Limited - Dealing in Securities by Directors
22/07/201111:14SBV/SVN - SABVEST LIMITED - Report on proceedings at General Meeting
22/07/201111:00 Metorex Limited - Results of General Meeting
22/07/201110:37 Bonatla Property Holdings Limited - Results of Annual General
22/07/201110:33 IFCA Technologies Limited - Results of Annual General Meeting and
22/07/201109:52 Royal Bafokeng Platinum Limited - Trading statement for the six
22/07/201109:51 Bowler Metcalf Limited - Cautionary announcement
22/07/201109:38 The Spar Group Limited - Results of General Meeting
22/07/201109:32 Sentula Mining Limited - Notice of General Meeting
22/07/201108:52 Finbond Group Limited - Directors` Share Dealings
22/07/201108:50MVG/MVGP - Mvelaphanda Group Limited - Correction announcement relating to the
22/07/201108:46 Hulamin Limited - Results of Annual General Meeting and appointments to
22/07/201108:38 AngloGold Ashanti Limited - Anglogold Ashanti to acquire interest in First
22/07/201108:37 Village Main Reef Limited - Disposal of 47 065 916 common shares in the
22/07/201108:11MND / MNP - Mondi Limited/ Mondi plc - Mondi Group: Trading Statement
22/07/201108:10MND/ MNP - Mondi Limited/ Mondi plc - Consolidation of Mondi Limited`s share
22/07/201108:00 SACOIL Holdings Limited - Dealings in securities
22/07/201107:10 British American Tobacco p.l.c.- Transaction in own shares
22/07/201107:05 Uranium One Inc - News Release

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