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 The Sharenet Daily 
Friday, 26 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 climbs to 1-week high; bonds gain

By Phumza Macanda and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - South Africa's rand advanced to a one-week high against the dollar, breaking through resistance at 7.15, supported by a rise in U.S. stocks.

Government bonds also ended the week on a firmer note with further gains seen next week when feeble economic growth numbers for the second quarter are expected.

Stocks ended a volatile session flat with a firmer bias after U.S. Federal Reserve Ben Bernanke stopped short of signaling more action to boost economic growth.

After languishing in a 7.15 to 7.28 range for this week, the rand pierced resistance at 7.15 on Friday as U.S stocks rose after Bernanke's speech.

The rand hit a session high of 7.1290, its strongest since last week. It was the top performer on the day of emerging market currencies tracked by Reuters.

By 1550 GMT, it was trading at 7.13, 1.4 percent firmer than Thursday's New York close of 7.2325.

"The rand tracked initial EUR/USD reactions, but we see a rebound in equities supporting the local unit at the end of the session," said Anisha Arora, emerging market analyst at 4CAST.

The rand has recovered from one-year lows of 7.50 hit two weeks ago, and a close below 7.15 would indicate further gains.

On fixed income, the yield on the 2015 bond fell 11 basis points to 6.595 percent, while the 2026 bond fell 15.5 basis points to 7.98 percent.

Bonds have regained some ground after higher than expected CPI and PPI inflation numbers this week.

"The long end was sold far too aggressively this week after inflation data took away some hopes of a rate cut. So some guys are covering their shorts ahead of the weekend," Ashley Dickinson, bond dealer at Renaissance BJM adding that weak GDP numbers next week would be a further boost.

The market is expecting economic growth to have slowed sharply to 1.6 percent quarter-on-quarter compared with 4.8 percent in the first quarter.

Such a reading would support calls for further monetary loosening, to add to 650 basis points worth of interest rate reductions from late 2008 to late 2010.

The JSE Top-40 blue-chip index inched up 0.3 percent to 26,200.73 and the broader All-share index edged up 0.26 percent to 29,425.05.

"There were expectations of economic stimulus from Bernanke, but investors were disappointed that it wasn't announced," Martin Lentsoane, a trader NEWS Trading said.

Among equity movers on the bourse, Optimum Coal rose 5 percent to 31.50 rand on news that Glencore plans to buy the coal miner.

Naspers gained 2.41 percent to 337.45 rand, after the media company said internet valuations had become inflated for acquisitions and that it would instead focus on organic growth.

African Bank added 1.93 percent to 32.71 rand after the mass market lender said it hoped to tap international bond markets in the next two years.

Fri, 26 Aug 2011
Top News
Revenue for the interim period increased by 2.% to R434.5 million (2010: R423.8 million). Gross profit rose by 22.5% to R125.3 million (2010: R102.3 million), operating profit jumped by 22.6% to R57.4 million (2010: R46.8 million), while total comprehensive income for the period grew to R44.  Full story

South Africa's mines minister Susan Shabangu will in a few weeks time give her assessment of how much progress the industry has made in reaching the targets of a charter aimed at giving previously excluded blacks a higher share of ownership, her spokesperson said on Friday.  Full story
The United States urged 55 million people on its East Coast on Friday to prepare for the onslaught of massive Hurricane Irene, which President Barack Obama warned could be "extremely dangerous and costly."  Full story
A car bomb ripped through the United Nations' headquarters in the Nigerian capital of Abuja on Friday, killing at least 18 people, in an attack reminiscent of a June blast claimed by a local radical Islamist group.  Full story
The race to pick Japan's sixth leader in five years appeared on Friday to be shaping up as a battle between the most popular contender and a rival backed by a party powerbroker, although with five candidates in play, the outcome was hard to call.  Full story
SA Business
Turkey's TAV Group, which runs airports, is in talks about bidding in African airport tenders and is eyeing strategic partnerships in. . .  Full story
South African retailer Pick n Pay will use the A$215 million proceeds from the sale of its Australian unit to help. . .  Full story
Glencore, the world's largest commodities trader, stood on the verge of its largest takeover bid since its May stock market listing. . .  Full story
Workers at South Africa's biggest wireless phone operator threatened to launch a strike over better pay and what they called "union. . .  Full story

South Africa's rand gained more than one percent against the dollar on Friday, tracking a rally in U.S. stocks and topping. . .  Full story
South Africa's Solidarity trade union said on Friday fixed-line operator Telkom has raised its wage rise offer and the union was. . .  Full story
South Africa's maize futures ended the week on a positive note, with white maize touching a fresh three-year high after government. . .  Full story
Publishing group Independent News & Media Plc further cut costs and payed back debt in a "remarkably tough" first half of 2011, sending. . .  Full story

African Bank, the South African lender with a focus on low-income earners, said on Friday it hopes to tap international bond markets in the next 12 months and to issue local. . .  Full story
Mid-sized Indian drugmaker Indoco Remedies has signed a pact to make generic products sold by South Africa's Aspen Pharmacare in Australia, a top executive of the Indian firm said on Friday.. . .  Full story
The rand opened firmer against the U.S. dollar on Friday but was stuck in a range as market players waited for a U.S. Federal Reserve speech later in the session they. . .  Full story
Company News
Shareholders were advised of the appointment of Wilfried Voigt as an independent non-executive director of the company with immediate effect.. . .  Full story
Shareholders are advised of the appointment of Mr Jan Jonathan (Jannie) Durand as a non-executive director of Discovery, Discovery Health (Pty). . .  Full story
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors of Santam Limited ("the. . .  Full story
In terms of paragraph 3.59 of the JSE Limited's Listings Requirements, the board of Sasfin is pleased to advise that Mr. . .  Full story

Shareholders were advised that, at the annual general meeting of Keaton Energy, all the resolutions were passed by the requisite majority. . .  Full story
Acucap unitholders are advised that Baden Marlow has resigned as company secretary of Acucap with effect from 1 September 2011. He. . .  Full story
Further to the announcement released on SENS on 27 July 2011 and published in the South African press on 28 July. . .  Full story
Shareholders were advised that Kumba hosted analysts and fund managers at its Kolomela mine in the Northern Cape on 26 August. . .  Full story
Company Results
Revenue increased by 18.0% to R842.8 million (R714.3 million) and the gross profit margin improved to 58.2% when compared to 56.2%. . .  Full story
Revenue for the year increased to R5.3 billion (2010: R3.4 billion). EBITDA skyrocketed to R1.2 billion (2010: R166.1 million), while profit. . .  Full story
Revenue was up by 9.2% to R25.8 billion (R23.7 billion). Gross profit rose by 14.5% to R8.9 billion (R7.8 billion) and. . .  Full story
Revenue for the year increased to R33.1 billion (2010: R25.4 billion). Gross profit rose to R11.6 billion (2010: R8.2 billion), profit. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0029425.0575.600.26%
JSE Top 4017:0026200.7378.210.30%
JSE Gold17:002629.225.260.20%
JSE Financial17:0020538.85124.310.61%
JSE Industrial17:0031198.55113.780.37%
JSE Indust 2517:0026175.19129.410.50%
JSE Resource17:0047623.09-42.58-0.09%
DJ Futures20:0011300.00181.001.63%
DJ Ind19:4511307.13157.311.41%
SP 50020:001179.7920.521.77%
FTSE 10017:355129.92-1.18-0.02%
All Ords08:384271.00-9.50-0.22%
NZSE 5007:463295.638.100.25%
NameTimeRPMove% Move
Gold/R kg20:00412399108752.71%
Brent Crude19:56111.95.700.63%
Rand / Dollar19:597.1265-0.0954-1.32%
Rand / Pound19:5511.6370-0.1052-0.90%
Rand / Euro19:5510.3366-0.0561-0.54%
Rand / NZD19:585.98970.01330.22%
Rand / AUD19:557.54600.00670.09%
Yen / Dollar19:5976.7000-0.7400-0.96%
Euro / Dollar19:550.6899-0.0056-0.81%
Dollar / Euro19:591.44900.01160.81%
Pound / Dollar19:550.6112-0.0028-0.46%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 COMAIR  2554521.43.%5000
2 BAUBA  2202512.82.%176636
3 GBGOLD  14721208.88.%520
4 PBT  13497.20.%36482
5 OPTIMUM  31501505.00.%1045861
6 PSG  44991994.63.%42133
7 PLATMIN  300103.45.%950
8 AMA  17952.87.%15000
9 PAN-AF  15342.68.%578500
10 COAL  790202.60.%22974
11 NASPERSN  337457952.41.%1135792
12 AFGRI  611142.35.%4767887
13 INVPLC  47481082.33.%3998954
14 TIGBRANDS  197304292.22.%477960
15 S-OCEAN  13932.21.%10000
16 KEATON   25552.00.%10000
17 ABIL  3271621.93.%3476260
18 HOSP-A  1375261.93.%500000
19 ALTRON  2535461.85.%27896
20 PETMIN  28051.82.%65230

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Major Moves Down
SharenameSaleMove% MoveVolume
1 OANDO  200-44-18.03.%15000
2 COMPCLEAR  250-50-16.67.%1000
3 ROCKWELL  500-50-9.09.%70
4 MMG  127-12-8.63.%26100
5 IQUAD  205-18-8.07.%5000
6 DIAMONDCP  150-10-6.25.%1050
7 ADCORP  2550-149-5.52.%194506
8 GRANPRADE  274-16-5.52.%907203
9 ARGENT  700-40-5.41.%9550
10 NUWORLD  1800-100-5.26.%3361
11 PHUMELELA  1050-50-4.55.%19350
12 RAUBEX  1326-44-3.21.%440251
13 TSOGO-SUN  1600-50-3.03.%3659
14 MIXTEL  130-4-2.99.%15230
15 JUBILEE  195-6-2.99.%84000
16 CADIZ  272-8-2.86.%145704
17 MRPRICE  6840-180-2.56.%1343006
18 INVICTA  4250-100-2.30.%29374
19 URONE  1955-46-2.30.%31846
20 DATATEC  3630-80-2.16.%360443

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New Highs
SharenameSaleHighMove% MoveVolume

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New Lows
SharenameSaleLowMove% MoveVolume
1 PICKNPAY  37303683-10-0.27.%577455
2 PALLINGHT  3103000.76492
3 NETCARE  13211290171.30.%807758

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Index Summary
Index NameRPMove% Move
Top 4026,200.7378.210.30%
Mid Cap40,222.4519.930.05%
Small Cap30,712.376.950.02%
Resource 2047,623.09-42.58-0.09%
Industrial 2526,175.19129.410.50%
Financial 157,658.2648.550.64%
Financial & Ind. 3029,066.45157.400.54%
All Share29,425.0575.600.26%
Oil & Gas 23,381.41170.550.73%
Mining 31,447.10-54.26-0.17%
Gold Mining2,629.225.260.20%
Platinum Mining62.72.400.64%
GENERAL MINING7,651.74-35.99-0.47%
Oil & Gas Producers 12,571.7591.700.73%
Basic Materials 26,622.75-32.76-0.12%
Chemicals 12,573.23-36.10-0.29%
Forestry & Paper 12,071.53-88.40-0.73%
Industrial Metals 26,782.86345.591.31%
Industrials 25,926.6415.720.06%
General Industrials 71,517.2957.910.08%
Consumer Goods 26,086.6347.000.18%
Automobiles & Parts 3,623.1322.640.63%
Household Goods134.79-2-1.35%
Health Care 31,929.3096.020.30%
Beverages 84.51.450.54%
Index NameRPMove% Move
Food Producers 47,084.02405.660.87%
Personal Goods 385.82-1.40-0.36%
Consumer Services 51,108.60415.990.82%
General Retailers 42,562.28-134.65-0.32%
Travel & Leisure 3,548.2920.410.58%
Media 74.611.702.33%
Support Services 2,195.74-59.59-2.64%
Telecommunications 66,496.43313.190.47%
Financials 20,538.85124.310.61%
Banks 38,448.98370.020.97%
Non-life Insurance 30,815.75383.141.26%
Life Insurance 14,756.24-26.16-0.18%
General Financial 2,083.0232.661.59%
Technology 21,531.73-251.61-1.16%
SHARIAH TOP40 2,833.9810.03%
FTSE/JSE SHARIAH ALL2,904.0110.03%
COAL MINING23,212.663771.65%
FTSE JSE Fledgling 4,423.1980.19%
FTSE/JSE Alt X 1,105.54-8-0.76%
RESOURCE 26,362.09-15-0.06%
DIVIDEND PLUS161.0810.32%
FTSE/JSE RAFI 406,091.17170.28%
Capped Top 4013,773.56520.38%
Capped All Share14,861.83430.29%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
30 Aug 20111TIMEJune 2011 (Interim)
30 Aug 2011BIDVESTJune 2011 (Final)
30 Aug 2011ITLTILEJune 2011 (Final)
30 Aug 2011LDONEJune 2011 (Interim)
31 Aug 2011ARMJune 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
WOOLIES11-08-2511-09-0911-09-19R 0.9300
MASSMART11-08-2511-09-0911-09-19R 1.3400
CIPLAMED11-08-2511-09-3011-10-10R 0.0650
OPTIMUM11-08-2511-10-2111-10-31R 0.3000
ASSORE11-08-2511-09-0911-09-19R 2.5000
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ABSABANK-P11-08-0211-08-1911-08-29R 28.5830
PALAMIN11-08-0111-08-2611-09-05R 9.3100
STANBANK-P11-08-1111-08-2611-09-05R 3.1241
FIRSTRANDB-P11-08-0411-08-1911-08-29R 3.0516
ABSA11-08-0211-08-1911-08-29R 2.9200

Upcoming AGMs**
CodeCompany NameDateStatus
KEHKeaton Energy Holdings Ltd26/08/2011Confirmed
GGMGoliath Gold Mining Ltd26/08/2011Confirmed
PMMPremium Properties Ltd26/08/2011Confirmed
PSVPSV Holdings Ltd26/08/2011Unconfirmed
NPNNaspers Ltd26/08/2011Confirmed

Stock Exchange News Service
26/08/201117:39 John Daniel Holdings Limited - Declaration announcement in terms of a
26/08/201117:06 Bonatla Property Holdings Limited - Changes to the board of directors
26/08/201117:00 Howden Africa Holdings Limited - Unaudited interim financial results for
26/08/201116:39 Premium Properties Limited - Dealing in securities by a director
26/08/201116:30 Woolworths Holdings Limited - Dealing in securities by a director
26/08/201116:29 Octodec Investments Limited - Dealing in securities by a director
26/08/201116:26OML - Old Mutual Plc - Form 8.3
26/08/201116:25OML - Old Mutual Plc - Form 8.3
26/08/201116:19JCD - JCI Limited - Financial Statements Posted to Shareholders
26/08/201116:03 Iliad Africa Limited - Dealings by director of a major subsidiary
26/08/201116:00 Clover Industries Limited - Clover presentation at JSE showcase
26/08/201115:41 Esorfranki Limited - Esorfranki appoints executive director
26/08/201115:39BILNND - Nedbank - Dividend distribution announcement in relation to the BIL
26/08/201115:38BILNIH - Nedbank - Dividend distribution announcement in relation to the BIL
26/08/201115:27 Exxaro Resources Limited - Trading of Exxaro Ordinary Shares on behalf of
26/08/201115:22 Discovery Holdings Limited - Changes to the board of directors of
26/08/201115:13 Chrometco Limited - No change statement and notice of annual general
26/08/201115:01ACL135 - Absa Bank Limited -New Financial Instrument Listing
26/08/201115:00 Emira Property Fund - Changes to the board of directors
26/08/201115:00ACL134 - Absa Bank Limited - New Financial Instrument Listing
26/08/201114:16 Santam Limited - Change in Directorate
26/08/201114:14 Insimbi Refractory and Alloy Supplies Limited - Results of Annual
26/08/201114:04INL/INP - Investec Limited/Investec plc - Form 8 (DD)
26/08/201113:50 Alert Steel Holdings Limited - Alert Steel to raise R50 million
26/08/201113:49 Alert Steel Holdings Limited - Declaration announcement and terms of the
26/08/201113:44SFN - Sasfin Holdings Limited - Appointment of company secretary
26/08/201113:38INL/INP - Investec Limited / Investec plc - Form 8 (DD)
26/08/201113:20 Premium Properties Limited - Results of Annual General Meeting
26/08/201113:14FRC67 - FirstRand Bank Limited - Listing of New Financial Instrument
26/08/201113:13FRC68 - FirstRand Bank Limited - Listing of New Financial Instrument
26/08/201113:10 Vukile Property Fund Limited - Dealing in securities by a director
26/08/201113:09 Keaton Energy Holdings Limited - Results of the Annual General Meeting
26/08/201112:59 Goliath Gold Mining Limited - Results of Annual General Meeting and change
26/08/201112:53 Santova Logistics Limited - Resignation of director of listed company
26/08/201112:50 Naspers Limited - Results of annual general meeting
26/08/201112:45MND/MNP - Mondi Limited/Mondi plc - Mondi Group - 2011 Interim Dividend
26/08/201112:35 Sycom Property Fund - Change to the company secretary
26/08/201112:35 Acucap Properties Limited - Change to the company secretary
26/08/201112:25RTO/RTN/RTOP - Rex Trueform Clothing Company Limited - Trading statement
26/08/201112:21AOO/AON/AOVP - African And Overseas Enterprises Limited - Trading statement
26/08/201112:13 Mustek Limited - Abridged audited financial results for the year
26/08/201112:05 Gold Fields Limited - Dealing in securities by a company secretary
26/08/201111:01 Acucap Properties Limited - Dealing in securities by a director
26/08/201110:35AGLIDK - Investec Bank Limited - Notice of barrier for enhanced dividend
26/08/201110:28CLN000173 - The Standard Bank Of South Africa Limited - Interest Rate
26/08/201110:27CLN000153 - The Standard Bank Of South Africa Limited - Interest Rate
26/08/201110:20 Winhold Limited - Dealings in securities by a director
26/08/201110:09 Santova Logistics Limited - General Meeting
26/08/201110:00 Sacoil Holdings Limited - No change statement and notice of annual general
26/08/201109:50INL/INP - Investec Limited/Investec plc - Disclosure in accordance with Rule
26/08/201109:22 Country Bird Holdings Limited - Dealings in securities
26/08/201109:22 Net 1 UEPS Technologies, Inc - Net 1 UEPS Technologies, Inc. Reports
26/08/201109:05 Mr Price Group Limited - Appointment of company secretary
26/08/201109:00 Mr Price Group Limited - Report on proceedings at Annual General Meeting
26/08/201108:30 Medi-Clinic Corporation Limited - Finalisation announcement relating
26/08/201108:24BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument
26/08/201108:05 BSI Steel Limited - No change statement and notice of annual general
26/08/201108:01CRG - Central Rand Gold Limited - 2011 Interim Report
26/08/201108:00 Mr Price Group Limited - Trading update to 24 August 2011
26/08/201108:00 Kumba Iron Ore Limited - Analysts` site visit to Kolomela mine
26/08/201107:30 Oceana Group Limited - Notice of General Meeting
26/08/201107:30 Optimum Coal Holdings Limited - Update on cautionary announcement
26/08/201107:10 British American Tobacco p.l.c - Transaction in own shares
26/08/201107:05VOD001 - Vodacom Group Limited - New Financial Instrument Listing

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