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 The Sharenet Daily 
Tuesday, 16 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 added 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.

Tue, 16 Aug 2011
Top News
Africa-focused miner Petra Diamonds expects to complete the acquisition of the Finsch mine, South Africa's second-largest mine by output, within a month, Chief Executive Johan Dippenaar told Reuters on Tuesday.  Full story

South African trade union Solidarity said on Tuesday that its members and workers from other unions would strike against fixed-line operator Telkom after they rejected its latest wage offer in talks with a mediator.  Full story
The arrest of India's leading anti-corruption campaigner hours ahead of a planned hunger strike on Tuesday has set off nationwide protests, putting the government on the spot over its commitment to fighting graft in Asia's third-largest economy.  Full story
Rebels fighting to topple Muammar Gaddafi scorned reports of secret talks with the Libyan leader Monday as their forces fought to secure gains and the United States said Gaddafi's days were numbered.  Full story
Syrian tanks fired on poor Sunni Muslim districts in the port city of Latakia on Tuesday, the fourth day of an assault which has killed dozens and forced thousands of Palestinian refugees to flee, activists said.  Full story
SA Business
South Africa's Royal Bafokeng Platinum hopes to fund its expansion projects including one in the pipeline that could cost 10 billion rand mostly through cash generated by existing operations, its CFO. . .  Full story
South Africa's rand extended losses against the dollar to 1.9 percent on Tuesday as risk aversion came back to the fore on weak economic data out of Europe.. . .  Full story
South Africa's Royal Bafokeng Platinum reported a 20 percent drop in first-half profit on Tuesday, hit by higher operating costs, and said it expected further costs increases.. . .  Full story

Britain's top shares ended a shade higher on Tuesday, notably banks, after a better than forecast report on industrial output in the United. . .  Full story
South Africa exported 72,757 tonnes of white maize last week compared with 6,532 tonnes in the previous week, the South African. . .  Full story
South Africa's Treasury sold 1.1 billion randworth of the 2017 government bond and 1 billion rand of the 2041 issue on. . .  Full story
The yield spread between South Africa's two most liquid government bonds hit a record high on Tuesday, extending recent gains as. . .  Full story

Global hotel chains are poised to spend hundreds of millions of dollars in Africa over the next few years to meet increased demand from both international tourists and the continent's own fast-emerging middle class.. . .  Full story
The World Bank called for national governments to seek long-term debt curbs on Tuesday to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.. . .  Full story
Company News
In compliance with the AIM Rules, the following information is disclosed: Datatec Limited announces the allotment of 25 000 ordinary R. . .  Full story
According to Business Report, Kumba and ArcelorMittal South Africa ("Arcmittal") have joined hands in fighting the granting of the steel maker's. . .  Full story
The board of Aquarius has declared a final dividend of USD4 cents per share and the dividend timetable is as follows:. . .  Full story
Sanlam shareholders are advised that the Group's headline earnings per share for the six months ended 30 June 2011 are expected. . .  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 Overall17:0029987.27-172.15-0.57%
JSE Top 4017:0026743.29-204.49-0.76%
JSE Gold17:002746.1966.872.50%
JSE Financial17:0020617.90-142.18-0.68%
JSE Industrial17:0031501.50-265.07-0.83%
JSE Indust 2517:0026362.88-294.53-1.10%
JSE Resource17:0049486.29-126.15-0.25%
DJ Futures19:5011310.00-96.00-0.84%
DJ Ind19:4511376.11-106.79-0.93%
SP 50020:001190.04-14.45-1.20%
FTSE 10017:355357.637.050.13%
All Ords08:374317.30-29.50-0.68%
NZSE 5007:463273.7557.251.78%
NameTimeRPMove% Move
Gold/R kg20:00408126131743.34%
Brent Crude19:56109.01.140.13%
Rand / Dollar19:597.11850.06540.93%
Rand / Pound19:5511.69750.15221.32%
Rand / Euro19:5510.25910.05250.51%
Rand / NZD19:585.94930.06731.14%
Rand / AUD19:557.45230.02430.33%
Yen / Dollar19:5876.7200-0.1000-0.13%
Euro / Dollar19:550.69410.00220.32%
Dollar / Euro19:571.4406-0.0041-0.28%
Pound / Dollar19:550.6070-0.0030-0.49%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 PBT  12775.83.%23703
2 TASTE  10965.83.%9354
3 GBGOLD  1410705.22.%5400
4 EQSTRA  704345.07.%952843
5 UNIVERSAL  250125.04.%150
6 PHUMELELA  1150504.55.%1883
7 JSE  68992994.53.%211005
8 HULAMIN  700304.48.%172638
9 ALTRON-P  24011004.35.%176684
10 SANTAM  124994994.16.%59372
11 DRDGOLD  333134.06.%1275423
12 ILIAD  520204.00.%357304
13 AFGRI  660253.94.%329166
14 EASTPLATS  552203.76.%109748
15 VILLAGE  14253.65.%1462954
16 DISTELL  69002403.60.%290
17 OPTIMUM  2690903.46.%285433
18 AMECOR  15553.33.%3190
19 ONELOGIX  12943.20.%9000
20 CITYLDG  63901903.06.%73286

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Major Moves Down
SharenameSaleMove% MoveVolume
1 ANOORAQ  414-61-12.84.%5000
2 RANGOLD  240-30-11.11.%28100
3 MIXTEL  125-12-8.76.%8564
4 KELLY  370-29-7.27.%10600
5 WITSGOLD  4500-300-6.25.%580
6 AMA  170-10-5.56.%108318
7 PETMIN  270-15-5.26.%65135
8 CERAMIC  11000-599-5.16.%241
9 TRENCOR  3425-175-4.86.%51178
10 MVELAGRP  334-16-4.57.%333843
11 FAIRVEST  105-5-4.55.%2634
12 KEATON   250-9-3.47.%17963
13 TREMATON  145-5-3.33.%50000
14 WBHO  9850-300-2.96.%140755
15 MONDIPLCP  6040-179-2.88.%1625588
16 STANBANK  9416-274-2.83.%3509335
17 GRANPRADE  280-7-2.44.%396673
18 VERIMARK  160-4-2.44.%17250
19 REMGRO  10601-248-2.29.%975813
20 ARM   17882-417-2.28.%254069

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New Highs
SharenameSaleHighMove% MoveVolume
1 UNIVERSAL  250250125.04.%150
2 BATS  31890320325581.78.%1351383
3 GOLDONE  3853900.485454

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New Lows
SharenameSaleLowMove% MoveVolume
1 KEATON   250250-9-3.47.%17963
2 WBHO  98509505-300-2.96.%140755
3 RBPLAT  55395300-21-0.38.%78518
4 EASTPLATS  552504203.76.%109748

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Index Summary
Index NameRPMove% Move
Top 4026,743.29-204.49-0.76%
Mid Cap40,668.98151.150.37%
Small Cap31,025.94184.240.60%
Resource 2049,486.29-126.15-0.25%
Industrial 2526,362.88-294.53-1.10%
Financial 157,694.82-83.35-1.07%
Financial & Ind. 3029,280.44-336.37-1.14%
All Share29,987.27-172.15-0.57%
Oil & Gas 24,165.27-452.84-1.84%
Mining 32,671.3311.710.04%
Gold Mining2,746.1966.872.50%
Platinum Mining64.481.131.78%
GENERAL MINING7,959.51-77.17-0.96%
Oil & Gas Producers 12,993.22-243.48-1.84%
Basic Materials 27,631.65-17.50-0.06%
Chemicals 12,998.3986.680.67%
Forestry & Paper 12,392.81-254.81-2.01%
Industrial Metals 27,467.50-269.78-0.97%
Industrials 26,649.03-245.15-0.91%
General Industrials 74,064.34-966.67-1.29%
Consumer Goods 26,285.28-166.47-0.63%
Automobiles & Parts 3,731.83-61.14-1.61%
Household Goods139.62-2-1.17%
Health Care 32,299.34144.620.45%
Index NameRPMove% Move
Food Producers 47,906.60536.051.13%
Personal Goods 393.01-8.99-2.24%
Consumer Services 51,104.00-439.60-0.85%
General Retailers 42,116.39-162.57-0.38%
Travel & Leisure 3,635.5730.480.85%
Media 74.75-1.27-1.67%
Support Services 2,250.14-17.34-0.76%
Telecommunications 66,785.22-952.30-1.41%
Financials 20,617.90-142.18-0.68%
Banks 38,231.69-745.11-1.91%
Non-life Insurance 30,308.941210.034.16%
Life Insurance 15,041.0712.730.08%
General Financial 2,136.12-.69-0.03%
Technology 21,945.47-9.46-0.04%
SHARIAH TOP40 2,928.81-16-0.54%
FTSE/JSE SHARIAH ALL2,995.21-13-0.43%
COAL MINING23,365.602441.06%
FTSE JSE Fledgling 4,442.47-29-0.65%
FTSE/JSE Alt X 1,157.3590.79%
RESOURCE 27,369.83-58-0.21%
DIVIDEND PLUS162.65-0-0.15%
FTSE/JSE RAFI 406,208.68-48-0.77%
Capped Top 4014,038.14-102-0.72%
Capped All Share15,139.96-82-0.54%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
17 Aug 2011CENRANDJune 2011 (Interim)
17 Aug 2011FORTRESSAJune 2011 (Final)
17 Aug 2011FORTRESSBJune 2011 (Final)
17 Aug 2011HOSP-AJune 2011 (Final)
17 Aug 2011HOSP-BJune 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
HARMONY11-08-1511-09-0911-09-19R 0.6000
GROUP 511-08-1511-09-2311-10-03R 0.2000
CITYLDG11-08-1211-09-0911-09-19R 1.0400
ARB11-08-1211-08-2611-09-05R 0.1225
STANBANK6.511-08-1111-08-2611-09-05R 0.0325
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
PKHProtech Khuthele Holdings Ltd23/08/2011Unconfirmed

Stock Exchange News Service
16/08/201117:49 Emira Property Fund - Reviewed financial results for the year ended 30
16/08/201117:18ACLNIG - Nedbank Limited - Dividend distribution announcement in relation to the
16/08/201117:17ANGNIH - Nedbank Capital - Dividend distribution announcement in relation
16/08/201117:15 PSG Group - Withdrawal of Cautionary Announcement
16/08/201117:05 Super Group - Reviewed Results for the year ended 30 June 2011
16/08/201117:00 New Europe Property Investments plc - Dealing in securities
16/08/201117:00 Mr Price Group Limited - Dealings in securities by director
16/08/201116:08BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument
16/08/201115:50GFINIH - Nedbank Capital - Dividend distribution announcement in relation
16/08/201115:35 Net 1 UEPS Technologies, Inc. - Net1 announces six month extension
16/08/201115:34GFINNE - Nedbank Limited - Dividend distribution announcement in relation to the
16/08/201115:25 JSE Limited - Reviewed condensed consolidated interim financial
16/08/201115:02 Kumba Iron Ore Limited - Sale of shares by a director of a major
16/08/201115:00 Group Five Limited - Posting of annual report and details of annual
16/08/201115:00 Datatec Limited - Further issue of shares
16/08/201114:36 Securedata Holdings Limited - Trading Statement
16/08/201114:12 PBT Group Limited - Trading statement
16/08/201113:42INL/INP - Investec Limited/ Investec plc - Public dealing disclosure by a party
16/08/201113:38INL/INP - Investec Limited/Investec plc - Form 8 (DD)
16/08/201113:19 SA Corporate Real Estate Fund - Voluntary Announcement
16/08/201112:40 BSI Steel Limited - Dealing in securities by directors
16/08/201112:30 Great Basin Gold Limited - Unaudited interim consolidated financial
16/08/201111:38SBR002 - The Standard Bank of South Africa Limited - Announcement in relation to
16/08/201110:51CPI - Capitec Bank Holdings Limited - Trading statement
16/08/201110:18 Kumba Iron Ore Limited - Sale of shares by a director of Kumba
16/08/201110:14 Tawana Resources NL - Acquisition of the Sinoe Gold Project in Liberia
16/08/201109:59 Aquarius Platinum Limited - Final Dividend Timetable
16/08/201109:50INL/INP - Investec - Disclosure in accordance with Rule 2.10 of the UK City Code
16/08/201109:00 Sanlam Limited - Trading Statement - 6 months to 30 June 2011
16/08/201108:51SCIB : TOPSKK - The Standard Bank Of South Africa Limited - Issue of knockout
16/08/201108:30GLD - NewGold Issuer Limited - Partial de-listing of NewGold debentures
16/08/201108:00 Royal Bafokeng Platinum Limited - Reviewed interim results for the six
16/08/201108:00 Petmin Limited - Sivas Copper Project Exploration update
16/08/201108:00IBL19 - Investec Bank Limited - Tap Issuance
16/08/201107:12SYN854 - Synthesis Funding Limited - New Financial Instrument Listing
16/08/201107:11SYN853 - Synthesis Funding Limited - New Financial Instrument Listing
16/08/201107:10 British American Tobacco p.l.c - Transaction in own shares
16/08/201107:10SYN852 - Synthesis Funding Limited - New Financial Instrument Listing

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