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 The Sharenet Daily 
Friday, 19 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)

SAfrica 4-year bond yield at record low; stocks recover

By Xola Potelwa

JOHANNESBURG (Reuters) - The yield on South Africa's four-year government bond closed at a record low on Friday as prices rose on expectations the central bank would keep interest rates steady or even cut them before year-end, as the global growth outlook deteriorates.

Share prices recovered and ended in positive territory, lifted by an upturn in U.S. stocks, and helped the rand to recover. But some resources stocks such as gold miner Harmony Gold took a beating.

Bonds closed with the yield on the four-year note at a life-time low of 6.63 percent on the Johannesburg Stock Exchange, mainly driven by offshore buyers attracted by the higher yield, traders said.

"The bond market is closing exceptionally strong. We've seen buying of our bonds across the curve, the forward rate agreements are also suggesting the possibility of a rate cut going forward now as well," said Richard Farber, a bond trader at World Wide Capital Securities, based in Johannesburg.

Forward rate agreements are instruments used to gauge expectations of future interest rates and traders are starting to price in a slight chance of a South African rate cut early next year.


Share prices recovered in tandem with U.S. stocks, but gold miner Harmony Gold plunged 5 percent, its biggest one-day fall in two months, as investors continued to punish the stock after the company posted a 67 percent fall in quarterly profit on Monday.

Its shares were the worst performer on the Johannesburg Top-40 benchmark index.

All three major U.S. indexes, the Dow Jones Industrial average, the Standard & Poor's 500 Index and the Nasdaq Composite Index, turned positive in early trade.

"We've recovered quite nicely on the back of the markets overseas that are recovering a little bit," said Rigardt Maartens, a portfolio manager at PSG Online Securities.

"There's so much negative news coming out of the global economy at this stage so it's difficult to predict when it's going to recover, but we expect a bit of a relief rally."

The JSE Top-40 ended 0.44 percent higher at 26,145.28 and the broader All-share index rose 0.31 percent to 29,378.69.

The general resources index dropped 0.84 percent.

Banks such as Absa Group and Standard Bank clawed back losses and gained 3.05 and 2.81 percent respectively.

The rand came back from the day's lows to trade at 7.18 by 1600 GMT, 0.17 percent off the New York close of 7.1920.

"It's come back a little bit purely as a play on what's been happening to equities. There was a lot of nervousness around this morning with Asia softer and then as Wall Street opened up a little bit firmer it has helped European and regional equities in this part of the world," said Nigel Rendell, senior strategist at RBC.

Fri, 19 Aug 2011
Top News
South Africa's National Union of Mineworkers said Anglo American Platinum (Amplats), the world's largest platinum producer, again raised its wage offer on Friday, trying to head off a strike that could cause a jump in global prices of the precious metal.  Full story

Shares in South Africa's Harmony Gold extended their losses on Friday to over six percent, bucking a positive upturn on the broader Johannesburg market as global stocks rebounded.  Full story
Syrian forces shot dead 20 protesters on Friday despite a pledge by President Bashar al-Assad that a crackdown was over, activists said as thousands marched across Syria, spurred on by U.S. and European calls for him to step down.  Full story
Taliban attackers laid siege to a British cultural centre in the Afghan capital Friday, killing at least nine people during an hours-long assault on the 92nd anniversary of Afghanistan's independence from British rule.  Full story
A vast and jubilant crowd cheered as Gandhian activist Anna Hazare walked out of jail in New Delhi on Friday to carry on a hunger strike in public, the latest act in a drama of popular fury over corruption that has put India's government in a bind.  Full story
SA Business
South African benchmark stocks turned positive in late Friday trade, tracking U.S. equities that are trending higher.. . .  Full story
South Africa's National Union of Mineworkers members at Impala Platinum on Friday rejected a revised pay rise offer from the world's. . .  Full story
. . .  Full story
Renewed risk aversion kept South Africa's rand on the back foot against the dollar and a flight to safety supported bonds,. . .  Full story
Company News
ARM's provisional financial results for the year ended 30 June 2011 (in comparison to the previous financial year ended 30 June. . .  Full story
The board of Trustco advised that at the AGM of shareholders held today, all the resolutions as set out in the. . .  Full story
Optimum informed shareholders about its acquisition of two prospecting rights ("the Remhoogte Prospecting Rights") for a cash consideration of R235 million. . .  Full story
Shareholders were advised that the annual report for the year ended 28 February 2011 will be dispatched to shareholders on 31. . .  Full story

Further to the announcements released on SENS on 25 May 2011 and 7 July 2011, shareholders are advised that discussions which relate to the company are still underway and as a. . .  Full story
Notice was given that the annual meeting of shareholders (the "meeting") of First Uranium Corporation (the "corporation") will be held at The National Club, 303 Bay Street, Toronto, Ontario, Canada, M5H. . .  Full story
Shareholders were referred to the firm intention announcement published by Voxtelcom on SENS on 14 July 2011 and in the press on 15 July 2011 regarding the terms on which Business. . .  Full story
Company Results
Revenue increased to R9.3 billion (R7.5 billion). Net operating profit rose to R1.5 billion (R1.3 billion). Net attributable profit improved to. . .  Full story
Sales revenue for the year ended 30 June 2011 decreased by 9.5% to R3.6 billion (2010: R3.9 billion). Operating profit plummeted. . .  Full story
Revenue increased by 19% to R17.8 billion (R14.9 billion). Trading profit rose by 14% to R589.1 million (R685.6 million), but operating. . .  Full story
Revenue rose by 13% to R8.7 billion (R7.7 billion) and gross profit increased by 16% to R4.5 billion (R3.8 billion). Trading. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall16:5629378.6989.830.31%
JSE Top 4016:5626145.28114.970.44%
JSE Gold16:562696.56-17.91-0.66%
JSE Financial16:5620534.38194.370.96%
JSE Industrial16:5631079.37256.040.83%
JSE Indust 2516:5625997.12275.931.07%
JSE Resource16:5647695.96-260.15-0.54%
DJ Futures19:5610915.00-90.00-0.82%
DJ Ind19:4510917.74-72.84-0.66%
SP 50020:001135.00-5.65-0.50%
FTSE 10017:355040.76-51.47-1.01%
All Ords08:444171.90-147.50-3.41%
NZSE 5007:463267.84-22.26-0.68%
NameTimeRPMove% Move
Gold/R kg20:0042729655231.31%
Brent Crude19:56109.231.761.64%
Rand / Dollar19:587.1900-0.0028-0.04%
Rand / Pound19:5511.8473-0.0112-0.09%
Rand / Euro19:5510.35780.04240.41%
Rand / NZD19:575.9027-0.0119-0.20%
Rand / AUD19:557.50000.02780.37%
Yen / Dollar19:5776.4500-0.0700-0.09%
Euro / Dollar19:550.6947-0.0032-0.46%
Dollar / Euro19:571.43900.00670.47%
Pound / Dollar19:500.6055-0.0002-0.03%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 OANDO  247229.78.%37557
2 FAIRVEST  11498.57.%10000
3 MARSHALL  695507.75.%1000
4 BLACKSTAR  999485.05.%1625
5 DELRAND  12554.17.%1555
6 DORBYL  280103.70.%3500
7 MTN  137704723.55.%8055754
8 CADIZ  28093.32.%22000
9 BAUBA  19163.24.%786111
10 A-V-I  32001003.23.%1239689
11 ABSA  135003993.05.%1296625
12 COAL  712213.04.%123766
13 TRENCOR  35501002.90.%20858
14 ASPEN  81702302.90.%522990
15 STANBANK  95092602.81.%2823091
16 CAT  1480402.78.%1100
17 PALCAP  19052.70.%21155
18 PETMIN  28072.56.%3202100
19 ELLIES   20552.50.%57400
20 PBT  12832.40.%79056

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Major Moves Down
SharenameSaleMove% MoveVolume
1 ROLFES  201-34-14.47.%21000
2 ANOORAQ  410-60-12.77.%79
3 TELEMASTR  130-15-10.34.%1000
4 HARMONY  8690-475-5.18.%3675011
5 INVICTA  4275-215-4.79.%65559
6 VILLAGE  147-7-4.55.%1417551
7 DRDGOLD  327-15-4.39.%898222
8 OMNIA  7650-349-4.36.%110907
9 TSOGO-SUN  1602-70-4.19.%16632
10 S-OCEAN  139-6-4.14.%4000
11 AMA  173-7-3.89.%64505
12 CERAMIC  11000-400-3.51.%97
13 ZEDER  240-8-3.23.%42798
14 AVUSA  2250-75-3.23.%25920
15 FAMBRANDS  4300-140-3.15.%36927
16 PALLINGHT  315-10-3.08.%4067920
17 ONELOGIX  128-4-3.03.%20005
18 CAPCO  1959-53-2.63.%23815
19 SENTULA  229-6-2.55.%222168
20 PIKWIK  1550-40-2.52.%2158760

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New Highs
SharenameSaleHighMove% MoveVolume
1 DIPULA-A  8588580.
2 DIPULA-B  555561-6-1.07.%20000

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New Lows
SharenameSaleLowMove% MoveVolume
1 PIKWIK  15501548-40-2.52.%2158760
2 PICKNPAY  37503736-81-2.11.%1041846
3 ARCMITTAL  57725619-123-2.09.%587635
4 ARGENT  755700-5-0.66.%38918
5 AVENG  32553177150.46.%551634
6 INVLTD  46804468601.30.%1184758
7 INVPLC  45954375751.66.%2675721

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Index Summary
Index NameRPMove% Move
Top 4026,145.28114.970.44%
Mid Cap40,228.48-123.81-0.31%
Small Cap30,941.87-237.22-0.76%
Resource 2047,695.96-260.15-0.54%
Industrial 2525,997.12275.931.07%
Financial 157,665.7899.171.31%
Financial & Ind. 3028,958.49362.281.27%
All Share29,378.6989.830.31%
Oil & Gas 23,657.01173.920.74%
Mining 31,402.95-265.81-0.84%
Gold Mining2,696.56-17.91-0.66%
Platinum Mining62.21-.61-0.97%
GENERAL MINING7,601.01-64.24-0.84%
Oil & Gas Producers 12,719.9493.520.74%
Basic Materials 26,563.98-228.63-0.85%
Chemicals 12,682.58-286.77-2.21%
Forestry & Paper 12,104.3015.440.13%
Industrial Metals 26,137.16-372.34-1.40%
Industrials 26,304.4758.300.22%
General Industrials 72,833.40462.690.64%
Consumer Goods 25,608.55112.270.44%
Automobiles & Parts 3,691.07-45.29-1.21%
Household Goods139.0532.24%
Health Care 32,001.50170.130.53%
Beverages 82.981.431.75%
Index NameRPMove% Move
Food Producers 47,718.0556.450.12%
Personal Goods 371.04-6.29-1.67%
Consumer Services 50,955.92360.030.71%
General Retailers 42,526.01354.800.84%
Travel & Leisure 3,607.36-13.80-0.38%
Media 73.55.500.68%
Support Services 2,304.29-8.45-0.37%
Telecommunications 67,177.972039.543.13%
Financials 20,534.38194.370.96%
Banks 38,533.25767.052.03%
Non-life Insurance 30,296.82230.370.77%
Life Insurance 14,775.22-30.36-0.21%
General Financial 2,081.9915.820.77%
Technology 21,824.21-277.04-1.25%
SHARIAH TOP40 2,841.5710.03%
FTSE/JSE SHARIAH ALL2,911.2700.01%
COAL MINING22,274.99-462-2.03%
FTSE JSE Fledgling 4,478.4960.14%
FTSE/JSE Alt X 1,138.7210.05%
CAPPED PROPERTY 310.20-0.11%
RESOURCE 26,370.30-168-0.63%
DIVIDEND PLUS160.9100.26%
FTSE/JSE RAFI 406,092.66400.66%
Capped Top 4013,752.28730.54%
Capped All Share14,842.89480.32%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
22 Aug 2011ADVTECHJune 2011 (Interim)
23 Aug 2011BRIMST-NJune 2011 (Interim)
23 Aug 2011BRIMSTONJune 2011 (Interim)
23 Aug 2011EQSTRAJune 2011 (Final)
23 Aug 2011EQSTRADAJune 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
EXXARO11-08-1811-09-1611-09-26R 3.0000
TRUWTHS11-08-1811-09-0211-09-12R 1.3400
GRINDROD PREF11-08-1811-09-0211-09-12R 3.5700
NORTHAM11-08-1811-09-0911-09-19R 0.1000
GRINDROD11-08-1811-09-0211-09-12R 0.1750
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ABSABANK-P11-08-0211-08-1911-08-29R 28.5830
KUMBA11-07-2111-08-1211-08-22R 21.7000
AMPLATS11-07-2511-08-1211-08-22R 5.0000
FIRSTRANDB-P11-08-0411-08-1911-08-29R 3.0516
ABSA11-08-0211-08-1911-08-29R 2.9200

Upcoming AGMs**
CodeCompany NameDateStatus
VUNVunani Ltd19/08/2011Confirmed
FGLFinbond Group Ltd19/08/2011Confirmed
PKHProtech Khuthele Holdings Ltd23/08/2011Unconfirmed
ANSAnsys Ltd24/08/2011Confirmed
CDZCadiz Holdings Ltd24/08/2011Confirmed

Stock Exchange News Service
19/08/201117:30 Ipsa Group Plc - Result of Annual General Meeting
19/08/201117:30 Kairos Industrial Holdings Limited - Business update Brokrew
19/08/201117:02 Calgro M3 -Dealings in securities by directors
19/08/201116:22OML - Old Mutual plc - Form 8.3
19/08/201116:20 African Rainbow Minerals Limited - Trading statement in respect of the
19/08/201115:53 Vunani - Results of the Annual General Meeting
19/08/201115:46STANSX - STANLIB SWIX 40 FUND - Partial delisting of STANLIBSX Securities
19/08/201115:27 Trustco - Results of Annual General Meeting, Appointment and Retirement of
19/08/201115:24 Pinnacle - Appointment of Director
19/08/201115:16 Interwaste Holdings Limited - Trading Update
19/08/201115:05 Clientele Limited - Final Dividend Declaration
19/08/201115:04 WG Wearne Limited - Change to the board
19/08/201115:00 Iliad Limited - Appointment of Chris Booyens as an Executive Director
19/08/201113:28 Murray & Roberts Holdings Limited - Updated trading statement
19/08/201113:19INL/INP - Investec Limited/Investec plc - Form 8 DD
19/08/201113:18INL/INP - Investec Limited/Investec plc - Form 8 (DD)
19/08/201113:13 Super Group Limited - Dealing in securities by Super Group Share
19/08/201112:40 Capital Shopping Centres Group Plc - Capital Shopping Centres Group Plc
19/08/201112:04 SA Corporate Real Estate Fund - Condensed consolidated unaudited interim
19/08/201112:00 Optimum Coal Holdings Limited - Acquisition of Remhoogte Prospecting
19/08/201111:49BIABL - African Bank Limited - Interest Rate Reset Announcement
19/08/201111:36 Assore Limited - Unconditionality of financial assistance in respect of
19/08/201111:35SBR002 - The Standard Bank of South Africa Limited - Interest Rate
19/08/201111:16 Finbond Group Limited - Results of Annual General Meeting
19/08/201111:00 Mustek Limited - Revised Trading Statement
19/08/201110:36SCIB/GNDSTE - The Standard Bank of South Africa Limited - Dividend
19/08/201109:51BRT/BRN - Brimstone Investment Corporation Limited - Posting of Circular
19/08/201109:50INL/INP - Investec - Rule 2.10 of the UK City Code on Takeovers and Mergers
19/08/201109:41 PSV Holdings Limited - Change statement relating to the February 2011
19/08/201109:39 Alert Steel Holdings Limited - Update to granting of options to turnaround
19/08/201109:00 Bell Equipment Limited - Further cautionary announcement
19/08/201108:36 First Uranium Corporation - Notice of Annual Meeting of Shareholders
19/08/201108:00 Pan African Resources Plc - Listing of Manica as a Separate Entity to
19/08/201108:00 Redefine Properties International Limited - Interim management statement
19/08/201107:11SYN858 - Synthesis Funding Limited - New Financial Instrument Listing
19/08/201107:10 British American Tobacco p.l.c.- Transaction in own shares
19/08/201107:10SYN857 - Synthesis Funding Limited - New Financial Instrument Listing
19/08/201107:05 Lonrho Plc - Notification of major interest in shares
19/08/201107:05Vox - Vox Telecom Limited - Update announcement regarding posting of circular

Click here for more SENS news