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 The Sharenet Daily 
Monday, 15 August 2011 - 20:00
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 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 2011
Top News
South Africa's National Union of Mineworkers (NUM) said on Monday it has rejected the latest pay rise offer from Exxaro Coal.  Full story

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
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)
NameTimeRPMove% Move
JSE Overall17:0030159.42333.021.12%
JSE Top 4017:0026947.78321.511.21%
JSE Gold17:002679.324.370.16%
JSE Financial17:0020760.08193.250.94%
JSE Industrial17:0031766.57305.590.97%
JSE Indust 2517:0026657.41276.861.05%
JSE Resource17:0049612.44762.951.56%
DJ Futures19:5611370.00120.001.07%
DJ Ind19:4511419.29150.271.33%
SP 50020:001197.4218.611.58%
FTSE 10017:355350.5830.550.57%
All Ords08:374346.80108.902.57%
NZSE 5007:463252.6344.011.37%
NameTimeRPMove% Move
Gold/R kg20:0040371942141.05%
Brent Crude19:56108.98.930.86%
Rand / Dollar19:597.1373-0.0207-0.29%
Rand / Pound19:5511.65750.01550.13%
Rand / Euro19:5510.29930.07550.74%
Rand / NZD19:585.9218-0.0527-0.88%
Rand / AUD19:557.48550.05250.71%
Yen / Dollar19:5976.7700-0.1300-0.17%
Euro / Dollar19:550.6922-0.0085-1.21%
Dollar / Euro19:591.44370.01761.23%
Pound / Dollar19:550.6100-0.0036-0.59%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 SOVFOOD  5207015.56.%1000
2 DIAMONDCP  1602014.29.%168
3 RANGOLD  2703012.50.%650
4 OANDO  2452511.36.%413
5 OPTIMUM  26002108.79.%2096225
6 RAINBOW  17301157.12.%27670
7 AMECOR  15096.38.%30566
8 KAP  260156.12.%142130
9 AMA  180105.88.%58000
10 ANOORAQ  475255.56.%3400
11 BLUETEL  460245.50.%981653
12 MIXTEL  13775.38.%39810
13 ZEDER  247125.11.%43104
14 CITYLDG  62003005.08.%152945
15 PHUMELELA  1100504.76.%8523
16 SPURCORP  1350554.25.%4755
17 CADIZ  290113.94.%12583
18 BIDVEST  156175833.88.%778246
19 CLIENTELE  950303.26.%10090
20 BCX  480153.23.%364622

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Major Moves Down
SharenameSaleMove% MoveVolume
1 PALCAP  182-89-32.84.%60466
2 DAWN  500-100-16.67.%3312
3 WINHOLD  165-15-8.33.%14002
4 AFRO-C  170-10-5.56.%191785
5 NICTUS  170-10-5.56.%17025
6 KUMBAIO  46400-2580-5.27.%867195
7 HARMONY  9439-461-4.66.%1946895
8 ALTRON-P  2301-107-4.44.%100717
9 EASTPLATS  532-18-3.27.%159171
10 MVELAGRP  350-10-2.78.%234485
11 AFRIMAT  370-10-2.63.%98146
12 ARGENT  760-20-2.56.%15308
13 PAN-AF  141-3-2.08.%469712
14 MVELASERV  1150-20-1.71.%1172
15 AFGRI  635-11-1.70.%108992
16 BASREAD  1167-18-1.52.%54336
17 COAL  748-11-1.45.%11285
18 INVPROP  1030-15-1.44.%18020
19 PETMIN  285-4-1.38.%116229
20 FAMBRANDS  4231-59-1.38.%21559

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New Highs
SharenameSaleHighMove% MoveVolume
1 DIAMONDCP  1601602014.29.%168

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New Lows
SharenameSaleLowMove% MoveVolume
1 PALCAP  182180-89-32.84.%60466
2 DAWN  500495-100-16.67.%3312
3 ALTRON-P  23012277-107-4.44.%100717
4 EASTPLATS  532516-18-3.27.%159171
5 VPIF  724724-1-0.14.%3740

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Index Summary
Index NameRPMove% Move
Top 4026,947.78321.511.21%
Mid Cap40,517.83280.360.70%
Small Cap30,841.70105.360.34%
Resource 2049,612.44762.951.56%
Industrial 2526,657.41276.861.05%
Financial 157,778.1782.511.07%
Financial & Ind. 3029,616.81312.471.07%
All Share30,159.42333.021.12%
Oil & Gas 24,618.11740.233.10%
Mining 32,659.62361.351.12%
Gold Mining2,679.324.370.16%
Platinum Mining63.351.201.93%
GENERAL MINING8,036.6896.481.22%
Oil & Gas Producers 13,236.70398.003.10%
Basic Materials 27,649.15238.390.87%
Chemicals 12,911.71141.851.11%
Forestry & Paper 12,647.62-21.47-0.17%
Industrial Metals 27,737.28-944.10-3.29%
Industrials 26,894.18426.671.61%
General Industrials 75,031.012121.372.91%
Consumer Goods 26,451.75291.651.11%
Automobiles & Parts 3,792.9756.611.52%
Household Goods141.2800.32%
Health Care 32,154.72325.911.02%
Beverages 83.97.981.18%
Index NameRPMove% Move
Food Producers 47,370.55574.861.23%
Personal Goods 402.004.391.10%
Consumer Services 51,543.60356.480.70%
General Retailers 42,278.96311.970.74%
Travel & Leisure 3,605.0932.280.90%
Media 76.02.670.89%
Support Services 2,267.4826.341.18%
Telecommunications 67,737.521077.161.62%
Financials 20,760.08193.250.94%
Banks 38,976.80438.041.14%
Non-life Insurance 29,
Life Insurance 15,028.34197.281.33%
General Financial 2,136.8113.170.62%
Technology 21,954.93335.581.55%
SHARIAH TOP40 2,944.83361.25%
FTSE/JSE SHARIAH ALL3,008.22361.20%
COAL MINING23,121.414051.78%
FTSE JSE Fledgling 4,471.65220.50%
FTSE/JSE Alt X 1,148.25292.56%
RESOURCE 27,427.693721.38%
DIVIDEND PLUS162.8910.54%
FTSE/JSE RAFI 406,256.56851.38%
Capped Top 4014,139.901691.21%
Capped All Share15,221.661681.11%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
16 Aug 2011EMIRAJune 2011 (Final)
16 Aug 2011JSEJune 2011 (Interim)
16 Aug 2011RBPLATJune 2011 (Interim)
16 Aug 2011SUPRGRPJune 2011 (Final)
16 Aug 2011SUPRGRPPJune 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
CITYLDG11-08-1211-09-0911-09-19R 1.0400
ARB11-08-1211-08-2611-09-05R 0.1225
STANBANK-P11-08-1111-08-2611-09-05R 3.1241
STANBANK6.511-08-1111-08-2611-09-05R 0.0325
STANBANK11-08-1111-09-0211-09-12R 1.4100
Ex Div**
Share NameDec-DateLDTPay-DateAmount
KUMBA11-07-2111-08-1211-08-22R 21.7000
AMPLATS11-07-2511-08-1211-08-22R 5.0000
HUDACO11-06-2911-08-1211-08-22R 1.3000
BATS11-07-2711-08-1211-09-28R 0.3810
ANGLO11-07-2911-08-1211-09-15R 0.2800

Upcoming AGMs**
CodeCompany NameDateStatus
ATRAfrica Cellular Towers Ltd17/08/2011Confirmed
SAHSouth African Coal Mining Holdings Ltd18/08/2011Confirmed
FGLFinbond Group Ltd19/08/2011Confirmed
VUNVunani Ltd19/08/2011Confirmed

Stock Exchange News Service
15/08/201117:33 Nutritional Holdings Limited - Rectification announcement regarding
15/08/201117:32 Grand Parade Investments Limited - Proposed Restructure: Posting of
15/08/201117:30 Kagiso Media Limited - The appointment of Non-executive Director
15/08/201117:24BIIND - iNdwa Investments Limited - Listing of New Financial Instrument and Tap
15/08/201117:03BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument
15/08/201117:00PWK/PIK - Pick n Pay Holdings Limited/Pick n Pay Stores Limited - Pick n
15/08/201116:56 Chemspec - Proposed raising of new permanent equity capital
15/08/201116:49 Capital Property Fund - Dealing In Securities
15/08/201116:49 Resilient Property Income Fund Limited - Dealing in securities
15/08/201116:47 Chemspec - Changes to the board and company secretary
15/08/201116:26OML - Old Mutual plc - Form 8.3
15/08/201116:25OML - Old Mutual plc - Form 8.3
15/08/201116:23BIABL - African Bank Limited - Listing of New Financial Instrument
15/08/201116:22BIABL - African Bank Limited - Full Capital Redemption
15/08/201115:53 Eastern Platinum Limited - Eastern Platinum Limited management`s
15/08/201115:52 Eastern Platinum Limited - Condensed consolidated interim financial
15/08/201115:51 Eastern Platinum Limited - Eastern Platinum reports results for the
15/08/201115:40 Liberty Holdings Limited - Dealings in securities by a non executive
15/08/201115:19 Beige Holdings Limited - Dealings in securities by directors
15/08/201115:18 Beige Holdings Limited - Dealings in securities by directors
15/08/201115:17 Platmin Limited - Management discussion and analysis
15/08/201115:16 Platmin Limited - Metal sales at record high in second quarter
15/08/201115:15 Platmin Limited - Condensed consolidated interim financial statements for
15/08/201115:00 Nedbank Group - Appointment of Chief Governance and Compliance Officer
15/08/201114:34CAT/CATP - Caxton and CTP Publishers and Printers Limited - Trading statement
15/08/201114:17 Gold Fields Limited - Dealing in securities by a director
15/08/201114:12GRD162 - Grayston Conduit 1 (Proprietary) Limited - New Financial Instrument
15/08/201114:10INL/INP - Investec Limited/Investec plc - Form 8 (DD)
15/08/201114:09INL/INP - Investec Limited/Investec plc - Form 8 (DD)
15/08/201114:01 Anooraq Resources Corporation - Anooraq announces results for the
15/08/201114:00 Anooraq Resources Corporation - Condensed consolidated interim
15/08/201113:48 Moneyweb Holdings Limited - Dealing in securities by a director
15/08/201113:47 Hyprop Investments Limited - Update on Attfund Retail acquisition
15/08/201113:42 Optimum Coal Holdings Limited - Trading statement
15/08/201113:15BIFTR - Fintech Receivables 2 (Proprietary) Limited - Interest Rate Reset
15/08/201112:34 Raubex Group Limited - No change statement and notice of annual general
15/08/201112:27 Net 1 UEPS Technologies, Inc - Net1 Signs Contract with Banamex to
15/08/201112:22 Cashbuild Limited - Withdrawal of cautionary announcement
15/08/201112:08 Consolidated Infrastructure Group Limited - Dealing in securities
15/08/201112:00MND/MNP - Mondi Limited/Mondi plc - Mondi Group half-yearly report 2011
15/08/201112:00 Datatec Limited - Posting of annual report and notice of Annual General
15/08/201112:00 Iliad Limited - Withdrawal of cautionary announcement
15/08/201111:38 Vodacom Group Limited - Share dealings by a non executive director
15/08/201111:28 Aspen Pharmacare Holdings Limited - Appointment of company secretary
15/08/201111:10 Curro - Unaudited interim results for the 6 months ended 30 June 2011
15/08/201111:09 Gold One International Limited - Form 604 - Notice of change of
15/08/201111:08 Forbes & Manhattan Coal Corp. - Condensed Interim Consolidated
15/08/201111:07 Forbes & Manhattan Coal Corp - First Quarter 2012
15/08/201110:30 Wesizwe Platinum Limited - Posting of circular and notice of General
15/08/201110:21BIIIPL - iNguza Investments (Proprietary) Limited - Listing of New Financial
15/08/201109:50INL/ INP - Investec Limited / Investec plc - Disclosure in accordance with rule
15/08/201109:00Howden Africa Holdings Limited - Amendment to appointment to the board
15/08/201109:00 Wescoal Holdings Limited - Sale of Blesboklaagte washing plant
15/08/201109:00 Royal Bafokeng Platinum Limited - Conclusion of three-year wage agreement
15/08/201108:56ANGSTE - The Standard Bank Of South Africa Limited - Dividend announcement in
15/08/201108:05 BSI Steel Limited - Dealing in securities by directors
15/08/201108:01 Harmony Gold Mining Company Ltd - Harmony stronger year on year
15/08/201108:00 SACOIL Holdings Limited - Operational Update Block III, Albertine Graben,
15/08/201108:00 Harmony Gold Mining Company - Results for the quarter and the year ended
15/08/201108:00K - Blackstar Group SE - Disposal of Investment
15/08/201108:00 Pan African Resources plc - Notice of results for the year ended 30
15/08/201108:00 Group Five Limited - Audited results for the year ended 30 June 2011
15/08/201107:12 Coal of Africa Limited - Update on the acquisition of Rio Tinto`s South
15/08/201107:10 British American Tobacco p.l.c - Transaction in own shares
15/08/201107:06DBAGL2 - Deutsche Bank AG - Distribution Announcement
15/08/201107:05DBAGL1 - Deutsche Bank AG - Distribution Announcement
15/08/201107:05 Cashbuild Limited - The proposed implementation of a performance based
15/08/201107:05MVG/MVGP - Mvelaphanda Group Limited - Reviewed year end results for 30 June

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