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 The Sharenet Daily 
Tuesday, 02 August 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 bonds shine, global worries weigh on rand, stocks

By Phumza Macanda and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - South African government bonds rose on Tuesday, boosted by an auction which saw the strongest demand in a year with foreign buying a key feature.

Local shares and the rand weakened, falling victim to a re-emergence of worries about the debt crisis in the euro zone, which had taken a back seat to U.S. debt talk in the past two weeks.

Stocks hit five-week lows, falling more than one percent while the rand inched very close to the 6.80/dollar, a key level that would signal further losses if broken convincingly.

Yields on government bonds touched multi-month lows across the curve, after a strong weekly auction.

The yield on the 2015 bond hit a session low of 7.19 percent -- its lowest since January 5 -- before coming back to 7.21 percent, three basis points down from the previous close.

The 7.20 level is key for the 2015 bond and should it be pierced with conviction, the next support will be at 7.05 percent, last seen in late 2010.

The 2026 yield was down eight basis points from Monday's close at 8.315 percent, after falling to 8.29 percent earlier, its lowest since November 2010.

"It looks like foreigners still have decent appetite for local bonds," said Ion de Vleeschauwer, chief dealer at Bidvest Bank.

"Yields are still attractive and it doesn't look like there's space for interest rates to pickup in both the euro zone and the U.S, so that's supporting local bonds."

The sluggishness in the global economy has left little scope for tightening monetary policy, with the Bank of England and the European Central Bank both expected to leave rates unchanged this week.

On the foreign exchange market, the rand was trading at 6.75 to the dollar at 1540 GMT, 0.44 percent weaker than Monday's New York close of 6.7230.

The rand's near-term outlook is mixed.

"The global backdrop should continue to offer the dollar/rand momentum, and if eurozone woes deepen, the pair could be knocked back up to range highs," said Anisha Arora, junior emerging market analyst at 4CAST.

Some analysts said investors should however be wary of expecting sharp losses in the rand because inflows into the bond market are likely to support it.


On the bourse, the JSE Top-40 blue-chip index was off 1.37 percent at 27,523.75 and the broader All-share index surrendered 1.23 percent to 30,871.78.

"The debt deal is a positive but now the guys are looking are growth prospects, which seem limited if one looks at the data that just came out," one Johannesburg-based trader said.

Industrial metal miners fell as demand worries pushed copper prices to one-week lows. Kumba Iron Ore led the decliners' list on the blue chip index, falling 4.69 percent to 503.42 rand, the biggest daily percentage decline in 4 1/2 months.

Elsewhere, Massmart, a retailer controlled by Wal-Mart, dipped 0.86 percent to 144.73 rand.

South African government said it would push Wal-Mart to re-jig the conditions of its $2.4 billion Massmart deal, as Pretoria looks to wring bigger concessions from the world's top retailer.

But gold miners capped losses on the bourse, boosted by higher bullion price and as workers ended a crippling pay strike. For details on the strike, double click on

Harmony climbed 4.6 percent to 96.50 rand, Gold Fields added 2.16 percent to 107.99 rand and AngloGold Ashanti was up 1.62 percent at 290 rand.

In earnings news, Absa was up 0.8 percent at 134.01 rand after posting above-forecasts first-half profit.

Tue, 02 Aug 2011
Top News
Anglo-Swiss miner Xstrata more than doubled its interim dividend on Tuesday and pointed to a stronger second half, as ongoing tightness in the copper market helps the group recover from a flood-hit start to 2011.  Full story

Indian steel and power producer Monnet Ispat & Energy is conducting due diligence on two African coal assets in a bid to secure raw materials, the rising cost of which has squeezed profits, its managing director said.  Full story
Forces loyal to Libya's Muammar Gaddafi killed seven rebels in a counter-attack in a key town on Tuesday, hospital sources said as the leader's camp vowed to push on with a war to crush a five-month uprising.  Full story
Three suicide bombers attacked a guesthouse used by foreigners in the northern Afghan province of Kunduz on Tuesday, killing four Afghan security guards employed by a German company, a senior police detective said.  Full story
Egyptian security authorities have received notice to move Hosni Mubarak to Cairo for trial, Al Arabiya television said on Tuesday, but a senior security source denied this, compounding fevered speculation about whether the ousted leader will attend.  Full story
U.S. stocks dropped on Tuesday on worries about a possible downgrade of the United States' top credit rating and signs of economic weakness. . .  Full story
U.S. Treasuries jumped and gold prices hit a record high, while global stocks turned negative for the year on Tuesday as investors focused. . .  Full story
European shares hit their lowest close in 11 months on Tuesday as weak global growth replaced the U.S. debt ceiling row as investors'. . .  Full story
Gold surged more than 1 percent to all-time highs on Tuesday, as more weak U.S. economic data fueled safe-haven buying on fears a. . .  Full story

Britain's top share index fell on Tuesday, as worries over the size of government debt around the world and its potential impact on. . .  Full story
The Nikkei average fell 1.2 percent after weak U.S. manufacturing data fanned fears about the health of the global economy and pushed the. . .  Full story
Australian shares dropped 1.4 percent on Tuesday as sluggish U.S. and global manufacturing data compounded concerns about the health of the world economy.. . .  Full story
Stocks and commodities fell on Monday on weak factory data, but pared losses toward the end of the day on renewed hopes lawmakers. . .  Full story
SA Business
Absa Group, the South African bank majority owned by Barclays, beat expectations with a 19 percent rise in first-half profit on. . .  Full story
South African government bonds rallied on Tuesday after a well-bid auction which saw one bidder pick up the whole stock of. . .  Full story
South Africa exported 34,640 tonnes of white maize last week compared with 5,867 tonnes in the previous week, the South African. . .  Full story
South Africa's government bonds were slightly weaker on Tuesday while the rand was little changed from overnight levels against the dollar. . .  Full story

First Uranium said it restarted its Mine Waste Solutions facility in South Africa on Tuesday after nuclear regulators suspended operations last. . .  Full story
South Africa said it would push Wal-Mart to rejig the conditions of its $2.4 billion Massmart deal, as Pretoria looks to. . .  Full story
Labour unions reached a wage deal with mining companies on Tuesday to end a strike in South Africa's gold mining sector.. . .  Full story
Ghana joined the club of oil-producing nations in December and is getting used to its new status as a low-middle-income country coveted by. . .  Full story

South Africa's Merafe Resources, the country's largest ferrochrome producer, reported a sharp drop in first-half earnings on Tuesday, hit by lower output and higher costs, but said it expects better trading conditions in the fourth quarter.. . .  Full story
Company News
Shareholders were referred to the announcement dated Monday, 1 August 2011, whereby shareholders were notified, inter alia, that a special general. . .  Full story
Mr Andy Hall has been appointed deputy chief executive and financial director of Adcock with effect from 1 August 2011. In. . .  Full story
Stakeholders were advised that the earnings per share ("EPS") of the group for the half year ended 30 June 2011 ("the. . .  Full story
In terms of section 122(3)(b) of the Companies Act, 71 of 2008, as amended and paragraph 3.83(b) of the JSE Limited. . .  Full story

Rockwell Diamonds Inc updates the results of preliminary assessments of its alluvial diamond deposits on its properties in South Africa. Rockwell. . .  Full story
Shareholders are advised that with effect from 1 August 2011, Mr SN Susman and Mr RJ Abraham were appointed as an. . .  Full story
Shareholders are advised that Mr Malcolm Segal will be retiring as an executive director of the company and Sasfin Bank Ltd. . .  Full story
Discovery issued this pre-listing statement on Tuesday 2 August 2011, relating to listing of the B Preference Shares under the "Specialist. . .  Full story
Company Results
Profit from operations increased from R2 888 million to R3 924 million in 2011. Profit attributable to ordinary shareholders increased to. . .  Full story
Net interest income for the interim period ended 30 June increased to R8.4 billion (2010: R7.7 billion). Operating income rose to. . .  Full story
Revenue grew to R4 billion (2010: R3 billion), while gross profit increased to R2.4 billion (2010: R1.4 billion). Profit attributable to. . .  Full story
Revenue for the interim period ended 30 June 2011 climbed to R1.3 billion (R1.2 billion) but earnings before interest, tax, depreciation. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0030871.78-385.53-1.23%
JSE Top 4017:0027523.75-381.52-1.37%
JSE Gold17:002499.8657.322.35%
JSE Financial17:0021066.10-240.54-1.13%
JSE Industrial17:0032733.75-370.41-1.12%
JSE Indust 2517:0027440.84-344.57-1.24%
JSE Resource17:0050600.07-809.37-1.57%
DJ Futures20:0011915.00-116.00-0.96%
DJ Ind19:2511996.19-136.30-1.12%
SP 50019:201269.82-17.12-1.33%
FTSE 10017:355718.39-56.04-0.97%
All Ords08:374510.30-62.80-1.37%
NZSE 5007:263397.00-16.83-0.49%
NameTimeRPMove% Move
Gold/R kg20:0035835671102.02%
Brent Crude19:56115.70-.13-0.11%
Rand / Dollar19:596.77830.05520.82%
Rand / Pound19:5911.00080.06610.60%
Rand / Euro19:599.61280.02770.29%
Rand / NZD19:585.8895-0.0018-0.03%
Rand / AUD19:597.3205-0.0610-0.83%
Yen / Dollar19:5877.0300-0.3300-0.43%
Euro / Dollar19:590.70480.00350.50%
Dollar / Euro19:581.4183-0.0075-0.53%
Pound / Dollar19:590.61400.00110.18%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 ROCKWELL  70017032.08.%400
2 OANDO  2482812.73.%4094
3 JASCO  10976.86.%13100
4 DRDGOLD  330196.11.%494627
5 IQUAD  290155.45.%2000
6 SPANJRD  420205.00.%1000
7 ROLFES  252125.00.%146799
8 HARMONY  96504244.60.%1423649
9 VERIMARK  17053.03.%86350
10 JSE  68001952.95.%129614
11 RA-HOLD  390102.63.%5000
12 VILLAGE  13432.29.%785663
13 GFIELDS  107992282.16.%2017098
14 LITHA  25851.98.%96405
15 ILIAD  580111.93.%1202691
16 KAP  27051.89.%2000
17 KEATON   30051.69.%1250
18 BASREAD  1398231.67.%137064
19 ANGGOLD  290004621.62.%1298149
20 PINNACLE  924141.54.%11584

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Major Moves Down
SharenameSaleMove% MoveVolume
1 GOLIATH  300-25-7.69.%1650
2 PLATMIN  365-30-7.59.%72250
3 ARGENT  821-56-6.39.%800
4 PALLINGHT  350-20-5.41.%89600
5 KUMBAIO  50342-2477-4.69.%783348
6 NICTUS  190-9-4.52.%4846
7 CAT  1433-67-4.47.%15460
8 ESORFRANK  175-8-4.37.%130410
9 TRNSHEX  310-14-4.32.%18884
10 ARM   18355-783-4.09.%699756
11 WITSGOLD  4800-200-4.00.%3634
12 COAL  740-30-3.90.%361963
13 JUBILEE  210-8-3.67.%151500
14 TASTE  108-4-3.57.%55100
15 AQUARIUS  2990-100-3.24.%110018
16 PREMIUM  1530-50-3.16.%2785001
17 ANOORAQ  470-15-3.09.%32402
18 PALCAP  290-9-3.01.%1049
19 STEINHOFF  2280-68-2.90.%2965828
20 WESIZWE  174-5-2.79.%76405

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New Highs
SharenameSaleHighMove% MoveVolume
1 KAP  27027051.89.%2000
2 CML  20902125301.46.%201310
3 GOLDONE  38538551.32.%268880
4 A-V-I  3223362650.16.%1246654
5 METAIR  170017680.86078
6 MTN  1456914799-81-0.55.%8157197

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New Lows
SharenameSaleLowMove% MoveVolume
1 PLATMIN  365350-30-7.59.%72250
2 COAL  740738-30-3.90.%361963
3 JUBILEE  210206-8-3.67.%151500
4 LONMIN  1340913325-331-2.41.%741088
5 NORTHAM  35033494-67-1.88.%3678314
6 ANGLOPLAT  5580055129-1050-1.85.%836719
7 ARCMITTAL  66406564-100-1.48.%886818
8 SAPPI  29412930-17-0.57.%1627702
9 CITYLDG  61106015-5-0.08.%271567

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Index Summary
Index NameRPMove% Move
Top 4027,523.75-381.52-1.37%
Mid Cap41,942.25-261.65-0.62%
Small Cap31,951.40-20.63-0.06%
Resource 2050,600.07-809.37-1.57%
Industrial 2527,440.84-344.57-1.24%
Financial 157,867.48-104.15-1.31%
Financial & Ind. 3030,285.91-401.03-1.31%
All Share30,871.78-385.53-1.23%
Oil & Gas 25,506.81-250.75-0.97%
Mining 33,250.38-501.90-1.49%
Gold Mining2,499.8657.322.35%
Platinum Mining63.36-.95-1.48%
Oil & Gas Producers 13,714.54-134.83-0.97%
Basic Materials 28,264.48-446.72-1.56%
Chemicals 13,679.04-51.01-0.37%
Forestry & Paper 13,382.03-155.51-1.15%
Industrial Metals 29,757.77-1039.48-3.38%
Industrials 27,646.28-265.36-0.95%
General Industrials 76,020.00-1140.90-1.48%
Consumer Goods 27,036.05-282.16-1.03%
Automobiles & Parts 3,849.58.000.00%
Household Goods144.90-4-2.90%
Health Care 32,890.29-385.28-1.16%
Beverages 83.93-.06-0.07%
Food Producers 49,178.38-289.82-0.59%
Index NameRPMove% Move
Personal Goods 421.58-9.39-2.18%
Consumer Services 52,828.99-820.62-1.53%
General Retailers 43,025.23-135.23-0.31%
Travel & Leisure 3,754.38-22.91-0.61%
Media 79.30-2.12-2.60%
Support Services 2,337.6812.560.54%
Telecommunications 70,635.53-351.16-0.49%
Financials 21,066.10-240.54-1.13%
Banks 38,941.11-325.05-0.83%
Non-life Insurance 31,063.09-521.35-1.65%
Life Insurance 15,406.00-320.01-2.03%
General Financial 2,199.44-30.46-1.37%
Technology 22,609.90117.900.52%
SHARIAH TOP40 3,018.87-43-1.41%
FTSE/JSE SHARIAH ALL3,086.58-41-1.32%
COAL MINING23,806.44-577-2.37%
FTSE JSE Fledgling 4,559.98-65-1.40%
FTSE/JSE Alt X 1,164.40-10-0.84%
CAPPED PROPERTY 318.31-0.57%
RESOURCE 27,988.83-403-1.42%
DIVIDEND PLUS168.30-2-0.89%
FTSE/JSE RAFI 406,389.21-87-1.34%
Capped Top 4014,422.69-188-1.28%
Capped All Share15,581.88-190-1.20%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
03 Aug 2011CAPCOJune 2011 (Interim)
04 Aug 2011CAPITALJune 2011 (Interim)
04 Aug 2011LIB-HOLDJune 2011 (Interim)
04 Aug 2011LIBHOLD-PJune 2011 (Interim)
04 Aug 2011LIBHOLD-P1June 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
NEDBANK11-08-0111-09-0211-09-12R 2.6500
NEDBANK-P11-08-0111-08-1911-08-29R 0.3347
PALAMIN11-08-0111-08-2611-09-05R 9.3100
ANGLO11-07-2911-08-1211-09-15R 0.2800
SABVEST-N11-07-2811-08-1211-08-22R 0.0400
Ex Div**
Share NameDec-DateLDTPay-DateAmount
SABMILLER11-05-1911-07-2711-08-12R 0.6150
MAS11-07-1511-07-2911-08-12R 0.0214

Upcoming AGMs**
CodeCompany NameDateStatus
MMLMetmar Ltd03/08/2011Confirmed
AFTAfrimat Ltd03/08/2011Confirmed
TASTaste Holdings Ltd04/08/2011Confirmed
TDHTradehold Ltd04/08/2011Confirmed
TDHPTradehold Ltd04/08/2011Confirmed

Stock Exchange News Service
02/08/201117:48 Invicta Holdings Limited - Take-Up of the loan balance and further shares
02/08/201117:45 Universal Industries Corporation Limited - Dealing in securities
02/08/201117:45 Pretoria Portland Cement Company Limited - Notice of a special
02/08/201117:38 Sephaku Holdings - Notification of Share Dealing by a Director of Sephaku
02/08/201117:30 Lewis Group Limited - Directors Dealings in Securities
02/08/201117:22PLD - Paladin Capital Limited - Curro unbundling finalisation announcement
02/08/201117:10 Miranda Mineral Holdings Limited - Changes to the Board
02/08/201117:05 Platfields Limited - Change of company secretary
02/08/201117:05 Capital - Condensed Consolidated Unaudited Interim Financial Report
02/08/201117:04 Verimark - Notice of the annual general meeting and posting of annual
02/08/201117:00 Adcock Ingram - Changes to executive director`s status and
02/08/201116:37 AH-Vest Limited - Renewal of cautionary announcement
02/08/201116:19 Harmony Gold Mining Company Ltd - Harmony and Unions agree to two year
02/08/201116:16 Metmar Limited - Dealings in securities by directors
02/08/201116:15ATN/ATNP - Allied Electronics Corporation Limited - Dealing in securities by a
02/08/201116:00 Netcare Limited - Dealings in securities by director
02/08/201115:51 JSE Limited - Trading Statement
02/08/201115:40ATN/ATNP - Allied Electronics Corporation Limited - Dealing in
02/08/201115:30 Vukile Property Fund Limited - Notice of an Acquisition of
02/08/201115:30 Miranda Mineral Holdings - Shareholder financing support for Miranda
02/08/201115:24 Dorbyl Limited - Disclosure of acquisition of securities
02/08/201115:21 Anglo American Platinum Limited - Exercise of options and subsequent sale
02/08/201115:18 Wilson Bayly Holmes - Ovcon Ltd - Notice of General Meeting
02/08/201115:17 Chrometco Limited - Cautionary announcement
02/08/201115:02 Skinwell Holdings Limited - Trading statement
02/08/201115:00- Oando Plc - Exile Resources Inc. and Oando announce proposed
02/08/201114:38 Fountainhead Property Trust - Change to the board of directors
02/08/201114:35 Invicta Holdings Limited - Announcement
02/08/201114:30 Rockwell Diamonds Incorporated - Rockwell updates prefeasibility study for
02/08/201113:37GFIIDJ - Investec Bank Limited - expiry of enhanced Dividend securities
02/08/201113:36ATN/ATNP - Allied Electronics Corporation Limited - Allied Electronics
02/08/201113:00MND/MNP - Mondi Limited/Mondi plc - Dealings by directors of Mondi
02/08/201113:00 SAB Miller - MillerCoors increases second quarter profits
02/08/201112:51 Nampak Limited - Allotment of shares to a director and the company
02/08/201112:37SFN/SFNP - Sasfin Holdings Limited - Changes to the board
02/08/201112:00 Discovery Holdings Limited - Abridged pre-listing statement
02/08/201111:44 Taste Holdings Limited - Change to the board
02/08/201111:27AGLIDK - Investec Warrants - Declared dividend announcement on Anglo
02/08/201111:26AGLIHI - Investec Warrants - Declared dividend announcement on Anglo American
02/08/201111:22KIONNA - Nedbank Limited - Dividend distribution announcement in relation
02/08/201111:18AGLNII - Nedbank Limited - Dividend distribution announcement in relation to the
02/08/201111:17MNPNIF - Nedbank Limited - Dividend distribution announcement in relation to the
02/08/201111:16AMSNIH - Nedbank Limited - Dividend distribution announcement in relation to
02/08/201111:15MNDNIF - Nedbank Limited - Dividend distribution announcement in
02/08/201111:14KIONIE - Nedbank Limited - Dividend distribution announcement in relation to the
02/08/201111:13AGLNNE - Nedbank Limited - Dividend distribution announcement in relation to the
02/08/201111:00 Premium Properties Limited - Details of the Annual General
02/08/201111:00 SABMiller Plc - EBT Release
02/08/201110:21 BSI Steel Limited - Dealing in securities by directors
02/08/201110:15 Trematon Capital Investments Limited - Dealing in Securities by Director
02/08/201110:02 Famous Brands Limited - Dealings in securities
02/08/201109:48 Discovery Holdings Limited - Results of General Meeting
02/08/201109:40SCIB: AGLSTE - The Standard Bank Of South Africa Limited - Dividend announcement
02/08/201109:00 Metorex Limited - Posting of circular and notice of General Meeting
02/08/201108:18 RGT Smart Market Intelligence Limited - Results of the mandatory offer
02/08/201108:02 DiamondCorp plc - Operational Update
02/08/201108:02 SABMiller plc - CR snow continues expansion in China
02/08/201108:02 Capital Shopping Centres Group Plc - Interim report for the half year
02/08/201108:01ABSP - ABSA Bank Limited - Profit and dividend announcement - unaudited interim
02/08/201108:00 Absa Group Limited - Profit and dividend announcement - unaudited
02/08/201108:00 Merafe Resources Limited - Reviewed interim results for the six months
02/08/201107:28 Coal of Africa Limited - Update on the acquisition of Rio Tinto`s South
02/08/201107:11SYN850 - Synthesis Funding Limited - New Financial Instrument Listing
02/08/201107:10 British American Tobacco p.l.c.- Transaction in own shares
02/08/201107:10SYN849 - Synthesis Funding Limited - New Financial Instrument Listing
02/08/201107:05 Trans Hex Group Limited - Further cautionary announcement relating to the

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