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Monday, 15 August 2011 - 20:00
Charts
S.Africa's rand up on demand for bonds, stocks up
By Stella Mapenzauswa and Tiisetso Motsoeneng
JOHANNESBURG (Reuters) - South Africa's rand relinquished some of its earlier gains against the dollar on Monday but was higher on the day, buoyed by foreign demand for high yielding local debt which helped offset lingering concerns over the global economy.
Stocks rose for a fourth day running, tracking a global rally, although gold producer Harmony dropped after its quarterly profit missed forecasts.
The JSE Top-40 index of blue-chips gained 1.21 percent to 26,947.78 and the broader All-share index lost 1.12 percent 30,159.42.
Foreigners bought a net 1.2 billion rand of South African bonds last week, data from the JSE exchange showed, and demand remained strong on Monday, pushing the yield on the four-year note 7.5 basis points lower to 6.935 percent.
The yield for 2026 issue fell 4.5 basis points to 8.33 percent.
By 1542 GMT the rand traded at 7.1195 to the greenback, off a session high of 7.09 but 0.77 percent stronger than Friday's close.
"We saw quite a lot of local asset managers buying dollars today but there was a lot of supply coming from offshore ... mostly bond-buying," Standard Bank trader Warrick Butler said.
Traders said the key levels for the rand for the week ahead were 7.10 and 7.20, which had offered resistance and support for the currency respectively over the last two trading days.
Platinum miners were among the top gainers on the bourse as the price of the white metal rose above that of gold after trading at a discount for the first time in more than two years last week.
Impala Platinum jumped 2.18 percent to 172.76 rand and rival Lonmin was up 2.46 percent to 139.35 rand.
Elsewhere, industrial conglomerate Bidvest, which is exploring the sale of its biggest unit in a deal analysts say could be worth $4 billion, rose 3.88 percent to 156.17 rand.
"We saw some really encouraging economic data in the past couple of sessions and that has been a catalyst for the guys to pull some of these stocks out of oversold levels," one Johannesburg-based trader said.
Harmony was among a few stocks that bucked the upward trend, falling 4.66 percent to 94.39 rand after its fourth-quarter results missed estimates.
Kumba Iron Ore gave up 5.27 percent to 464 rand as the deadline passed for investors to receive its latest dividend payout.
Markets largely shrugged off a wage strike by more than 200,000 municipal workers, intensifying the labour strife that has rocked Africa's biggest economy.
"People don't look at that as the cause to disinvest or invest, they look at the overall picture. At the moment the country -- despite the small woes that we have -- has a lot rosier picture than a lot of the developed markets," Standard Bank's Butler said.
Disciplined fiscal policies have helped South Africa weather turmoil in the global economy, Finance Minister Pravin Gordhan told an auditors conference on Monday, adding the traditional perception of emerging markets as a risky investment destination was slowly changing.
Mon, 15 Aug 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-08-15T173458Z_01_AJOE77E1CUB00_RTROPTP_3_OZABS-EXXARO-WAGES-20110815.JPG "Striking rail and port workers demanding a 15 percent increase in salary march through the Durban city centre") South Africa's National Union of Mineworkers (NUM) said on Monday it has rejected the latest pay rise offer from Exxaro Coal. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-08-15T171609Z_01_AJOE77E1BYZ00_RTROPTP_3_OZABS-MTN-20110815.JPG "A general view of the headquarters of South Africa's MTN Group in Johannesburg") South Africa's MTN Group said it will roll out Opera Software's mobile browser in Africa and the Middle East, to offer faster web access in countries where bandwidth is often limited. Full story |
 Libyan rebels said on Monday they had seized a second strategic town near Tripoli within 24 hours, cutting off the capital's two main supply routes after the boldest advances of their six-month-old uprising against Muammar Gaddafi. Full story  The judge presiding over the trial of Hosni Mubarak Monday ordered TV cameras out of the courtroom until the case concludes, enraging opponents of the deposed president who vowed to challenge the decision with protests in downtown Cairo. Full story  Syrian forces shelled residential districts in Latakia on Monday, residents said, the third day of an assault on Sunni neighbourhoods of the ancient port city which had seen mounting protests against President Bashar al-Assad's autocratic rule. Full story |
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SA Business |
Canadian miner Eastern Platinum reported a second-quarter loss and lower production due to labor disruptions at its flagship Crocodile River mine. . . Full story |
Harmony Gold, the world's fifth-largest gold producer, reported a 67 percent drop in quarterly profit, falling short of market expectations as. . . Full story |
More than 200,000 South African municipal workers walked off the job on Monday, a trade union said, in a strike which. . . Full story |
South Africa's disciplined fiscal policies have helped it weather turmoil in the global economy, but reforms are needed to tackle the. . . Full story | |||
. . . Full story | The rand strengthened against the dollar in early Monday trade, starting the week on firmer foot as a quiet weekend in global markets pointed to less volatility this week, opening the. . . Full story | British finance minister George
Osborne is recruiting international support for his unyielding
stance on deficit cutting, the Financial Times said on Monday.. . . Full story |
Company News |
Shareholders are referred to the company's detailed announcement on SENS on 16 May 2011 and update on SENS on 3 August. . . Full story |
Ms Mary Vilakazi was appointed as a non-executive director with effect from 12 August 2011.. . . Full story |
Pick n Pay Stores Ltd ("Pick n Pay") announced the appointment of a deputy chief executive officer who will serve as. . . Full story |
Pick n Pay announced the appointment of a deputy chief executive officer who will serve as an executive director to the. . . Full story | |||
Chemspec announced that it has reached agreement in principle with the Industrial Development Corporation of South Africa Ltd ("IDC") to raise. . . Full story |
Mr Darryn Coyle-Dowling, a non-executive director has been appointed as executive commercial director to the board with effect from 15 August. . . Full story |
Optimum is currently finalising its results for the year ended 30 June 2011, which will be released on SENS on or. . . Full story |
With regard to the audited results for the year ended 28 February 2011, shareholders are advised that the annual report containing. . . Full story | ||||
Company Results | The results for the year ended 30 June 2011 include revenue of R1 886 million from Mvelaserve for five months prior. . . Full story | Revenue declined to R9.2 billion (R11.3 billion). An operating loss of R2.9 million (profit of R564.9 million). A net attributable loss. . . Full story | Revenue for the year ended 30 June 2011 increased to R12.445 billion (2010: R11.284 billion). Gross (loss)/profit. . . Full story | Curro released their maiden interim results for the period ended 30 June 2011. Revenue was recorded at R79.3 million. Earnings before. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 15/08/2011 | 228 | 118 | 65 | 411 | 184,291,251 | R9,836,927,238 | 97873 | 2075785 |
| 12/08/2011 | 244 | 127 | 77 | 448 | 399,963,529 | R18,708,031,699 | 140235 | 2661135 |
| 11/08/2011 | 258 | 129 | 61 | 448 | 394,151,287 | R22,227,501,750 | 159838 | 3188506 |
| 10/08/2011 | 190 | 185 | 80 | 455 | 538,022,994 | R29,457,248,246 | 226234 | 2876098 |
| 08/08/2011 | 72 | 296 | 61 | 429 | 392,522,011 | R19,218,670,213 | 153871 | 2590225 |
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Stock Exchange News Service
| Date | Time | Headline |
| 15/08/2011 | 17:33 | Nutritional Holdings Limited - Rectification announcement regarding |
| 15/08/2011 | 17:32 | Grand Parade Investments Limited - Proposed Restructure: Posting of |
| 15/08/2011 | 17:30 | Kagiso Media Limited - The appointment of Non-executive Director |
| 15/08/2011 | 17:24 | BIIND - iNdwa Investments Limited - Listing of New Financial Instrument and Tap |
| 15/08/2011 | 17:03 | BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument |
| 15/08/2011 | 17:00 | PWK/PIK - Pick n Pay Holdings Limited/Pick n Pay Stores Limited - Pick n |
| 15/08/2011 | 16:56 | Chemspec - Proposed raising of new permanent equity capital |
| 15/08/2011 | 16:49 | Capital Property Fund - Dealing In Securities |
| 15/08/2011 | 16:49 | Resilient Property Income Fund Limited - Dealing in securities |
| 15/08/2011 | 16:47 | Chemspec - Changes to the board and company secretary |
| 15/08/2011 | 16:26 | OML - Old Mutual plc - Form 8.3 |
| 15/08/2011 | 16:25 | OML - Old Mutual plc - Form 8.3 |
| 15/08/2011 | 16:23 | BIABL - African Bank Limited - Listing of New Financial Instrument |
| 15/08/2011 | 16:22 | BIABL - African Bank Limited - Full Capital Redemption |
| 15/08/2011 | 15:53 | Eastern Platinum Limited - Eastern Platinum Limited management`s |
| 15/08/2011 | 15:52 | Eastern Platinum Limited - Condensed consolidated interim financial |
| 15/08/2011 | 15:51 | Eastern Platinum Limited - Eastern Platinum reports results for the |
| 15/08/2011 | 15:40 | Liberty Holdings Limited - Dealings in securities by a non executive |
| 15/08/2011 | 15:19 | Beige Holdings Limited - Dealings in securities by directors |
| 15/08/2011 | 15:18 | Beige Holdings Limited - Dealings in securities by directors |
| 15/08/2011 | 15:17 | Platmin Limited - Management discussion and analysis |
| 15/08/2011 | 15:16 | Platmin Limited - Metal sales at record high in second quarter |
| 15/08/2011 | 15:15 | Platmin Limited - Condensed consolidated interim financial statements for |
| 15/08/2011 | 15:00 | Nedbank Group - Appointment of Chief Governance and Compliance Officer |
| 15/08/2011 | 14:34 | CAT/CATP - Caxton and CTP Publishers and Printers Limited - Trading statement |
| 15/08/2011 | 14:17 | Gold Fields Limited - Dealing in securities by a director |
| 15/08/2011 | 14:12 | GRD162 - Grayston Conduit 1 (Proprietary) Limited - New Financial Instrument |
| 15/08/2011 | 14:10 | INL/INP - Investec Limited/Investec plc - Form 8 (DD) |
| 15/08/2011 | 14:09 | INL/INP - Investec Limited/Investec plc - Form 8 (DD) |
| 15/08/2011 | 14:01 | Anooraq Resources Corporation - Anooraq announces results for the |
| 15/08/2011 | 14:00 | Anooraq Resources Corporation - Condensed consolidated interim |
| 15/08/2011 | 13:48 | Moneyweb Holdings Limited - Dealing in securities by a director |
| 15/08/2011 | 13:47 | Hyprop Investments Limited - Update on Attfund Retail acquisition |
| 15/08/2011 | 13:42 | Optimum Coal Holdings Limited - Trading statement |
| 15/08/2011 | 13:15 | BIFTR - Fintech Receivables 2 (Proprietary) Limited - Interest Rate Reset |
| 15/08/2011 | 12:34 | Raubex Group Limited - No change statement and notice of annual general |
| 15/08/2011 | 12:27 | Net 1 UEPS Technologies, Inc - Net1 Signs Contract with Banamex to |
| 15/08/2011 | 12:22 | Cashbuild Limited - Withdrawal of cautionary announcement |
| 15/08/2011 | 12:08 | Consolidated Infrastructure Group Limited - Dealing in securities |
| 15/08/2011 | 12:00 | MND/MNP - Mondi Limited/Mondi plc - Mondi Group half-yearly report 2011 |
| 15/08/2011 | 12:00 | Datatec Limited - Posting of annual report and notice of Annual General |
| 15/08/2011 | 12:00 | Iliad Limited - Withdrawal of cautionary announcement |
| 15/08/2011 | 11:38 | Vodacom Group Limited - Share dealings by a non executive director |
| 15/08/2011 | 11:28 | Aspen Pharmacare Holdings Limited - Appointment of company secretary |
| 15/08/2011 | 11:10 | Curro - Unaudited interim results for the 6 months ended 30 June 2011 |
| 15/08/2011 | 11:09 | Gold One International Limited - Form 604 - Notice of change of |
| 15/08/2011 | 11:08 | Forbes & Manhattan Coal Corp. - Condensed Interim Consolidated |
| 15/08/2011 | 11:07 | Forbes & Manhattan Coal Corp - First Quarter 2012 |
| 15/08/2011 | 10:30 | Wesizwe Platinum Limited - Posting of circular and notice of General |
| 15/08/2011 | 10:21 | BIIIPL - iNguza Investments (Proprietary) Limited - Listing of New Financial |
| 15/08/2011 | 09:50 | INL/ INP - Investec Limited / Investec plc - Disclosure in accordance with rule |
| 15/08/2011 | 09:00 | Howden Africa Holdings Limited - Amendment to appointment to the board |
| 15/08/2011 | 09:00 | Wescoal Holdings Limited - Sale of Blesboklaagte washing plant |
| 15/08/2011 | 09:00 | Royal Bafokeng Platinum Limited - Conclusion of three-year wage agreement |
| 15/08/2011 | 08:56 | ANGSTE - The Standard Bank Of South Africa Limited - Dividend announcement in |
| 15/08/2011 | 08:05 | BSI Steel Limited - Dealing in securities by directors |
| 15/08/2011 | 08:01 | Harmony Gold Mining Company Ltd - Harmony stronger year on year |
| 15/08/2011 | 08:00 | SACOIL Holdings Limited - Operational Update Block III, Albertine Graben, |
| 15/08/2011 | 08:00 | Harmony Gold Mining Company - Results for the quarter and the year ended |
| 15/08/2011 | 08:00 | K - Blackstar Group SE - Disposal of Investment |
| 15/08/2011 | 08:00 | Pan African Resources plc - Notice of results for the year ended 30 |
| 15/08/2011 | 08:00 | Group Five Limited - Audited results for the year ended 30 June 2011 |
| 15/08/2011 | 07:12 | Coal of Africa Limited - Update on the acquisition of Rio Tinto`s South |
| 15/08/2011 | 07:10 | British American Tobacco p.l.c - Transaction in own shares |
| 15/08/2011 | 07:06 | DBAGL2 - Deutsche Bank AG - Distribution Announcement |
| 15/08/2011 | 07:05 | DBAGL1 - Deutsche Bank AG - Distribution Announcement |
| 15/08/2011 | 07:05 | Cashbuild Limited - The proposed implementation of a performance based |
| 15/08/2011 | 07:05 | MVG/MVGP - Mvelaphanda Group Limited - Reviewed year end results for 30 June |
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