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 The Sharenet Daily 
Thursday, 04 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 rand, stocks down on global worries bonds gain

By Phumza Macanda and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - South African government bonds extended a recent rally on Thursday, gaining sharply on the back of worries about the global economy that saw investors running to safer assets.

With few developments on the domestic front, the rand and stocks took their cue from battered global stocks, with the local bourse hitting 10-month lows.

Local stocks and the rand plunged as European Central Bank President Jean-Claude Trichet signalled the bank was resuming buying government bonds, confirming market fears that the euro zone debt crisis was worsening.

The JSE Top-40 blue-chip index fell 3.35 percent to 26,278.37, a level last seen on October 12, 2010. The broader All-share index gave up 3.01 percent to 29,601.61.

"We haven't seen any piece of good news today from Europe or the United States and all these (developments) add to worries about the global economy," Malcolm Moller, trader at Vunani Capital said.

The rand fell over 2.7 percent on the day and was trading at 6.8940 against the dollar from Wednesday's New York close of 6.7165.

"It's broad-based rand weakness. But I think this huge spike is not going to be sustained tomorrow, guys might be looking to take some profits towards the end of the week," said Sean Mccalghan, market analyst ETM.

The rand hit two-week lows at 6.9075, just a touch off its 200-day moving average at 6.9176, which could prompt further losses if broken decisively.

For now, such a move is unlikely, said Brigid Taylor, dealer at Nedbank.

"We are still advising selling dollars into weakness and still looking for 6.60 on dollar/rand in the medium term," she said, adding market players are likely to sell the dollar once the dust has settled in global markets.

The Reuters Econometer poll showed analysts were less pessimistic on the rand than in June, with the consensus seeing the rand ending the year at 7.01 to the dollar.

Among equity movers, Sappi posted its biggest daily decline since June 2009, falling 6.24 percent to 27.05 rand after reporting a bigger-than-than expected third-quarter loss.

AngloGold Ashanti was down 0.95 percent at 297.84 rand as investors focused on bleak outlook after the gold miner beat consensus with second-quarter earnings.

Other miners also fell as base metal prices slipped with copper hitting a one-month low on demand worries. Anglo American gave up 4.39 to 295.41 and BHP Billiton surrendered 3.37 percent to 228.12 rand.

Cadiz Holdings bucked the negative trend, rising 7.14 percent to 3 rand after France's BNP Paribas said it would pay $22 million for the stockbroking arm of the financial services group.


Government bonds pierced through key levels to hit new 9-months highs, with further gains seen as an accommodative domestic monetary stance, sound fiscal policy and low debt stock boost their appeal.

The 2015 bond yield hit a session low at 7.01 percent, before coming back to 7.095 by late trade.

"Below seven (percent) ...is not that far away and if we keep seeing this receiving interest from offshore investors in the bond market I'd expect bonds to be under pressure on the downside," said a local bond dealer.

The 2026 yield fell to 8.02 percent before coming back to 8.095 percent, 3.5 basis points down from the previous close.

"All the foreign buying from yesterday has made everyone a little bit short today. There's still some guys that were short and just finally covering their positions now," said another bond dealer.

Thu, 04 Aug 2011
Top News
Diamond producer De Beers, 45 percent owned by global miner Anglo American, said on Thursday it had signed a two-year wage deal with South Africa's National Union of Mineworkers, ending a 14-day strike.  Full story

South Africa's National Union of Mineworkers (NUM) said on Thursday wage talks with state-owned power utility Eskom had collapsed and it would ask its members for a mandate to strike.  Full story
A NATO service member was killed in an apparent "rogue" shooting by a man dressed as an Afghan policeman on Thursday, the coalition said, at least the fourth to be killed in a bloody 24 hours in one of Afghanistan's most volatile areas.  Full story
Sonia Gandhi, India's ruling Congress party chief and the country's most powerful politician, will undergo surgery abroad, possibly in the United States, for an undisclosed medical condition and could be out for two to three weeks.  Full story
World stocks plunged to new lows for the year on Thursday with a sell-off in markets accelerating sharply as investors fretted about the. . .  Full story
European stocks tumbled on Thursday, with a key index of blue chip companies from the euro zone dropping to a two-year low, as. . .  Full story
Investors fled stocks on Thursday, putting the S&P 500 into correction territory, on escalating worries about the U.S. economy and Europe.. . .  Full story
Gold tumbled from record highs in volatile trade on Thursday as deepening losses on Wall Street prompted investors to sell the metal and. . .  Full story

Britain's top share index tumbled and closed lower for the fifth consecutive trading day on Thursday, depressed by global growth concerns and sovereign. . .  Full story
European shares touched a fresh 11-month low on Thursday on a weakening outlook for the global economy, with miners hardest hit as the. . .  Full story
The Nikkei average came off five-week lows on Thursday after Japan intervened in currency markets to stem the yen's climb and the central. . .  Full story
Australian shares fell 1.3 percent to 13-month lows on Thursday, reversing early gains, as bank shares continued to fall on investor worries about. . .  Full story
SA Business
South Africa's benchmark Top-40 index of blue chips tumbled 3.4 percent to its lowest close this year, as investors hammered everything. . .  Full story
South Africa's Liberty Holdings, Africa's No.3 life insurer by market value, posted an 18 percent rise in first-half profit on Thursday,. . .  Full story
South Africa's National Union of Mineworkers said on Thursday Impala Platinum had improved its wage offer in a bid to avert. . .  Full story
Shares in South Africa's Sappi tumbled on Thursday after the paper maker posted a bigger-than-expected third-quarter loss, hit by weak demand. . .  Full story

A surge in trade volume on the Johannesburg Stock Exchange sparked a delay in price data, an exchange spokeswoman said on. . .  Full story
Spot gold prices set yet another new record high on Thursday after the European Central Bank President Jean-Claude Trichet said the bank would. . .  Full story
Leading U.S. hotel chain Marriott International plans to add struggling South African independent hotels to its boutique-style hotel brand, the Autograph. . .  Full story
South Africa's Top-40 blue-chip index slid to a fresh nine-month low on Thursday, tracking global equities on worries about global economic. . .  Full story

South Africa's rand fell over two percent against the dollar and bonds extended earlier gains, with the benchmark 4-year paper breaking key resistance levels to trade at nine-month highs as foreigners. . .  Full story
BNP Paribas will pay $22 million for 60 percent of the stock broking arm of South African financial services firm Cadiz Holdings, as France's biggest bank looks to expand its reach. . .  Full story
South Africa's maize futures ended higher on Thursday supported by strong demand and a weaker rand, with analysts seeing further gains.. . .  Full story
Company News
Bell is currently finalising its results for the six months ended 30 June 2011, which should be released on SENS on. . .  Full story
Shareholders are notified that at the company's annual general meeting held on 3 August 2011, the special resolutions and ordinary resolutions. . .  Full story
Lonfin, a UK investment finance and management company, announces the appointment of Mr Lloyd Hugh Marshall to its board as an. . .  Full story
The Financial Mail reported that Anglo's decision to increase its interim dividend by 12% to USD28cps is not generous when core. . .  Full story

Merchant shareholders are referred to the joint announcement of a firm intention by Marshall Monteagle Plc ("Marshall") to make a cash. . .  Full story
Investec plc notes the recent announcement made by The Evolution Group PLC ("Evolution") stating that it has received an indicative offer. . .  Full story
Shareholders are advised that the salient dates for the fourteenth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares. . .  Full story
Shareholders were referred to the cautionary announcement dated Thursday, 30 June 2011, and were advised that Cadiz has entered into agreements. . .  Full story
Company Results
Revenue rose to GBP58.4 million (GBP59.2 million). Operating profit declined to GBP83 million (GBP92.2 million), but net attributable profit increased to. . .  Full story
Revenue for the period decreased to R1.8 million (2010: R12 million). Operating income declined to R51.3 million (2010: R792.6). Profit attributable. . .  Full story
Total revenue increased to R19.8 billion (R15.3 billion). Net attributable profit rose to R1.1 billion (R969 million). In addition, headline earnings. . .  Full story
Revenue increased from USD2.4 billion to USD3.2 billion in 2011. Gross profit rose to USD1.1 billion (June 2010: USD280 million) and. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0029601.61-918.82-3.01%
JSE Top 4017:0026278.37-911.44-3.35%
JSE Gold17:002533.32-32.62-1.27%
JSE Financial17:0020381.65-444.86-2.14%
JSE Industrial17:0031185.30-1098.79-3.40%
JSE Indust 2517:0025982.37-1044.51-3.86%
JSE Resource17:0048594.52-1516.23-3.03%
DJ Futures19:2011565.00-260.00-2.20%
DJ Ind19:4511558.74-337.70-2.84%
SP 50019:301227.56-32.78-2.60%
FTSE 10017:355393.14-191.37-3.43%
All Ords08:374352.90-55.40-1.26%
NZSE 5010:563377.787.960.24%
NameTimeRPMove% Move
Gold/R kg20:0036851580432.23%
Brent Crude19:56107.25-5.76-5.10%
Rand / Dollar19:586.93030.21523.20%
Rand / Pound19:5811.24930.24202.20%
Rand / Euro19:589.79710.15301.59%
Rand / NZD19:585.84980.04390.76%
Rand / AUD19:587.29850.06400.88%
Yen / Dollar19:5878.80001.73002.25%
Euro / Dollar19:570.70740.70740.00%
Dollar / Euro19:571.4135-0.0219-1.53%
Pound / Dollar19:580.61410.00600.99%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 PUTPROP  65010018.18.%2000
2 GBGOLD  14591098.07.%30207
3 CADIZ  300207.14.%460459
4 ARB  335154.69.%17500
5 RANGOLD  290113.94.%75975
6 VERIMARK  17063.66.%46000
7 SASFIN  34001203.66.%3000
8 LONAFRIC  17542.34.%11000
9 BCX  46081.77.%1169990
10 RAINBOW  1730301.76.%382
11 CERAMIC  118002001.72.%2500
12 KGMEDIA  1725251.47.%239
13 LIFEHC  1714241.42.%1005645
14 DELTA  770101.32.%7000
15 JDGROUP  4100501.23.%1012669
16 AMA  18021.12.%14300
17 METROFILE  20021.01.%6850
18 HOLDSPORT  3080300.98.%172
19 TASTE  10410.97.%45586
20 WITSGOLD  4846460.96.%4018

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Major Moves Down
SharenameSaleMove% MoveVolume
1 ROCKWELL  518-182-26.00.%2200
2 IQUAD  240-45-15.79.%4000
3 BAUBA  180-20-10.00.%82095
4 GOLIATH  270-30-10.00.%100
5 FAIRVEST  105-10-8.70.%1954
6 JUBILEE  191-17-8.17.%136149
7 COAL  735-60-7.55.%207835
8 RICHEMONT  3882-302-7.22.%20991300
9 KEATON   270-20-6.90.%26879
10 NASPERSN  34120-2380-6.52.%1593846
11 S-OCEAN  145-10-6.45.%23500
12 SAPPI  2705-180-6.24.%8851074
13 BLUETEL  458-27-5.57.%629400
14 ESORFRANK  175-10-5.41.%51001
15 AQUARIUS  2792-158-5.36.%7012
16 MTN  13400-749-5.29.%7064733
17 STEINHOFF  2155-120-5.27.%7152028
18 MAZOR  133-7-5.00.%3799
19 CAPCO  1921-99-4.90.%155523
20 ASSORE  20687-1062-4.88.%68776

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New Highs
SharenameSaleHighMove% MoveVolume
1 PUTPROP  65065010018.18.%2000
2 REINET  12751385-5-0.39.%10697958

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New Lows
SharenameSaleLowMove% MoveVolume
1 JUBILEE  191190-17-8.17.%136149
2 KEATON   270260-20-6.90.%26879
3 SAPPI  27052606-180-6.24.%8851074
4 AQUARIUS  27922792-158-5.36.%7012
5 INVLTD  48844884-219-4.29.%1331663
6 INVPLC  48104810-200-3.99.%1609838
7 ARCMITTAL  63496203-183-2.80.%805977
8 SENTULA  240230-5-2.04.%652505
9 STANBANK  93609318-185-1.94.%7447577
10 IMPLATS  1650016202-310-1.84.%2313265
11 PICKNPAY  39903951-70-1.72.%517923
12 PIKWIK  16801663-25-1.47.%310400
13 AFGRI  608606-7-1.14.%492659
14 ANGLOPLAT  5450052994-588-1.07.%602485
15 CITYLDG  60506013-10-0.17.%430692
16 BCX  46044081.77.%1169990

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Index Summary
Index NameRPMove% Move
Top 4026,278.37-911.44-3.35%
Mid Cap41,060.56-547.35-1.32%
Small Cap31,481.29-315.56-0.99%
Resource 2048,594.52-1516.23-3.03%
Industrial 2525,982.37-1044.51-3.86%
Financial 157,557.32-198.34-2.56%
Financial & Ind. 3028,761.69-1062.00-3.56%
All Share29,601.61-918.82-3.01%
Oil & Gas 24,544.02-659.10-2.62%
Mining 31,965.24-1013.33-3.07%
Gold Mining2,533.32-32.62-1.27%
Platinum Mining61.75-.97-1.55%
GENERAL MINING7,941.01-313.18-3.79%
Oil & Gas Producers 13,196.87-354.38-2.62%
Basic Materials 27,132.33-861.00-3.08%
Chemicals 13,366.82-184.86-1.36%
Forestry & Paper 12,491.22-625.90-4.77%
Industrial Metals 28,146.30-717.63-2.49%
Industrials 26,605.95-644.04-2.36%
General Industrials 72,395.15-2277.53-3.05%
Consumer Goods 25,703.41-911.81-3.43%
Automobiles & Parts 3,847.32-43.02-1.11%
Household Goods136.95-8-5.28%
Health Care 32,142.03-394.67-1.21%
Beverages 81.19-.56-0.69%
Index NameRPMove% Move
Food Producers 47,972.50-1172.89-2.39%
Personal Goods 387.72-30.16-7.22%
Consumer Services 51,009.63-1865.08-3.53%
General Retailers 41,686.09-881.85-2.07%
Travel & Leisure 3,703.96-38.05-1.02%
Media 75.45-5.08-6.31%
Support Services 2,329.11-2.85-0.12%
Telecommunications 65,700.84-3239.97-4.70%
Financials 20,381.65-444.86-2.14%
Banks 37,463.91-1063.69-2.76%
Non-life Insurance 30,068.88-499.53-1.63%
Life Insurance 14,693.95-379.84-2.52%
General Financial 2,118.23-58.04-2.67%
Technology 21,757.01-700.84-3.12%
SHARIAH TOP40 2,881.13-100-3.37%
FTSE/JSE SHARIAH ALL2,954.29-96-3.16%
COAL MINING22,830.95-639-2.72%
FTSE JSE Fledgling 4,545.44-14-0.31%
FTSE/JSE Alt X 1,153.6420.13%
CAPPED PROPERTY 315.75-0.33%
RESOURCE 26,910.44-836-3.01%
DIVIDEND PLUS163.00-4-2.18%
FTSE/JSE RAFI 406,104.85-195-3.10%
Capped Top 4013,784.36-474-3.32%
Capped All Share14,950.35-462-3.00%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
05 Aug 2011ANOORAQJune 2011 (Interim)
05 Aug 2011INVPROPMarch 2011 (Final)
05 Aug 2011OLDMUTUALJune 2011 (Interim)
05 Aug 2011ROCKWELLMay 2011 (Q)
08 Aug 2011DELTAJune 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
CAPCO11-08-0311-08-1911-09-20R 0.0050
CAPITAL11-08-0211-08-1911-08-29R 0.3136
ABSA11-08-0211-08-1911-08-29R 2.9200
ABSABANK-P11-08-0211-08-1911-08-29R 28.5830
CAPSHOP11-08-0211-10-0711-11-22R 0.0500
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ZURICH SA11-07-2511-08-0411-08-15R 1.0000
FOORDCMPS11-07-2011-08-0411-08-15R 0.3000
MAS11-07-1511-07-2911-08-12R 0.0214

Upcoming AGMs**
CodeCompany NameDateStatus
VODVodacom Group Ltd04/08/2011Confirmed
TDHTradehold Ltd04/08/2011Confirmed
TDHPTradehold Ltd04/08/2011Confirmed
TASTaste Holdings Ltd04/08/2011Confirmed
TSXTrans Hex Group Ltd04/08/2011Confirmed

Stock Exchange News Service
04/08/201117:29 Bell Equipment Limited - Trading Statement
04/08/201117:24 ConvergeNet - Director`s Dealings in Securities
04/08/201117:00 Pioneer Foods - Cautionary Announcement
04/08/201117:00 Pinnacle - Update Announcement
04/08/201116:44 Nedbank Group - Dealing in Securities by Non-executive Director
04/08/201116:36 Digicore Holdings Limited - Notice of General Meeting
04/08/201116:32 Lonmin - Notification of Transactions of Directors and Persons Discharging
04/08/201116:08 Vividend Income Fund Limited - Appointment of new company
04/08/201116:00 Lonrho Plc - Grant of options
04/08/201116:00INL/INP - Investec Limited/Investec plc - Annual General Meetings of Investec
04/08/201115:54 Kumba Iron Ore Limited - Dealings in Securities by Directors
04/08/201115:51 Metrofile Holdings Limited - Report on proceedings at General
04/08/201115:43 Huge Group Limited - Specific repurchase of shares from related parties
04/08/201115:30 Redefine Properties International Limited - Extraordinary General
04/08/201115:28 RGT Smart Market Intelligence Limited - Amendment to the
04/08/201115:26 Workforce Holdings Limited - Trading Update
04/08/201114:35 Trans Hex Group Limited - Report on proceedings at Annual General Meeting
04/08/201114:32CLN000054 - The Standard Bank Of South Africa Limited - Interest Rate
04/08/201114:31CLN000052 - The Standard Bank Of South Africa Limited - Interest Rate
04/08/201114:05 MoneyWeb Holdings Limited - Dealing in securities by a director
04/08/201113:53 Sacoil Holdings Limited - Dealings in securities
04/08/201113:08 Vodacom Group Limited - Result of annual general meeting
04/08/201113:00 British American Tobacco p.l.c - Notification of transactions of
04/08/201112:51 African Oxygen Limited - Change to the board of directors
04/08/201112:24 Afrimat Limited - Results of annual general meeting and business update
04/08/201111:49 Efficient Group Limited - Dealing In Securities
04/08/201111:39 London Finance & Investment Group P.L.C. - Lonfin announces the
04/08/201110:55 Tradehold Limited - Results of Annual General Meeting
04/08/201110:45 Sacoil Holdings Limited - Clarification of incorrect information
04/08/201110:00 Metorex Limited - Trading statement
04/08/201109:55MIP/MMP - Merchant and Industrial Properties Limited/Marshall Monteagle Plc -
04/08/201109:51 Gold One International - Form 604 - Notice of change of interests of
04/08/201109:49ESPIBR - Investec Bank Limited -Adjustment to the issue size of ESPIBR- Equity
04/08/201109:44INL/INP - Investec Limited/ Investec plc - Preliminary approach to The
04/08/201109:38 Vunani - Results of the General Meeting
04/08/201109:29BIBG2 - Blue Granite Investments No.2 (Proprietary) Limited - New Financial
04/08/201109:17AEF - Alert Steel Holdings Limited - Further cautionary announcement
04/08/201109:06SCIB - The Standard Bank Of South Africa Limited - Issue of stock warrants
04/08/201109:05FSRP - FirstRand Limited - Dividend declaration of 305.162 cents per variable
04/08/201109:00 Cadiz Holdings Limited - BNP Paribas acquisition of 60% interest in Cadiz
04/08/201109:00 Sappi Limited - 3rd Quarter results for the period ended June 2011
04/08/201109:00 Delta EMD Limited - Unaudited group results for the six months ended
04/08/201108:27 BSI Steel Limited - Dealing in securities by directors
04/08/201108:15BILIHH - Investec Bank Limited - Notice of barrier for hot enhanced dividend
04/08/201108:00 African Eagle Resources plc - Dutwa Mineralogical Results
04/08/201107:57 AngloGold Ashanti Limited - Anglogold Ashanti earnings surge to record
04/08/201107:55 Anglogold Ashanti Limited - Report to shareholders for the quarter and six
04/08/201107:42BIIVU - iVuzi Investments Limited - Listing of Tap Issues
04/08/201107:10 British American Tobacco p.l.c. - Transaction in own shares
04/08/201107:06 Exxaro Resources Limited - Trading statement for the six months ended
04/08/201107:05 Liberty Holdings Limited - Financial Results For the six months ended 30
04/08/201107:05 Coal of Africa Limited - Update on the re-opening of Vele Colliery
04/08/201107:05ABL/ABLP - African Bank Investments Limited - Trading update for the

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