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 The Sharenet Daily 
Monday, 05 September 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 stocks tumble, rand slips as global markets weaken

By Phumza Macanda and Helen Nyambura

JOHANNESBURG (Reuters) - South Africa's stocks fell more than 2 percent on Monday and the rand hit one-week lows to the dollar, with further losses seen this week as worries about the global economy and euro zone debt crisis persist.

The falls follow a global rout as a negative mood holds sway in markets after Friday's weak U.S. jobs data and as the euro zone stumbles through a sovereign debt crisis.

South African government bonds continued a rally that has seen yields fall by 40 to 50 basis points in the last month across the curve.

The blue-chip Top-40 index lost 2.3 percent to 26,554.09, its biggest one-day loss in two weeks, while the broader All-Share index gave up 2 percent to 29,888.14.

Miners, which are often the first to come under pressure when concerns over global economic growth set in, dropped 2.7 percent.

"All the commodity stocks are taking huge hits because of sentiment on global growth," said Byron Lotter, portfolio manager at Vestact.

"The anxiety is back on, fuelled by the U.S. jobs data. It's all about the American consumers, who are China's biggest customers."

The rand was trading at 7.1297 against the dollar at 1540 GMT, 0.67 percent weaker than Friday's New York close 7.0820. It hit a one-week low of 7.1361 earlier.

"I do see further losses when the US re-enter the fray Tuesday," said Christopher Shiells, emerging market analyst at IGM, referring to U.S. markets re-opening after a long weekend.

"Dollar/rand saw resistance around 7.1100 for most of the session, but the last bout of risk-averse trading was strong enough to break this and now 7.1600 will be eyed."

Investors will also be wary to pile on risky assets before the European Central Bank and Bank of England policy-setting meetings later this week, keeping the rand on the defensive.


Locally, manufacturing output numbers on Thursday could see bonds gain further if they point to more economic weakness in the third quarter, after a sharp slowdown to 1.3 percent in the second quarter.

The 2026 yield fell 13 basis points to 7.84 percent on Monday and that on the 2015 bond was down 1.5 basis points to 6.35 percent, not far from a record low of 6.32 hit on Friday.

A Reuters poll showed the market is expecting a 0.6 percent year-on-year contraction in manufacturing output in July, a number that will harden the case to cut the repo rate, after the Reserve Bank left it steady at 5.5 percent this year.

On the bourse, platinum miners bore the brunt of the sell-off, the index falling 3.2 percent. The world's top producer of the metal, Anglo American Platinum, shaved 5.4 percent to 528.08 rand, its biggest one-day loss in more than 15 months.

BHP Billiton listed on the JSE closed 4 percent down at 222.59 rand after going ex-dividend, meaning those who buy the stock now won't receive the latest dividend.

Johannesburg-listed shares of Anglo American came in less 3.3 percent at 273 rand, after news the global miner would divest from South Africa's only producer of refined copper, Palabora, whose flagship mine the major sees as too small.

Gold miners such as AngloGold Ashanti benefited from the rout, adding over 2 percent to 328.95 rand.

"This week started again with a lot of anxiety. Markets will have a lot of volatility. It will take some positive data to come through and a few up days to give some stability," Vestact's Lotter said.

Mon, 05 Sep 2011
Top News
South Africa's state-owned power company Eskom said one of the two units at its Koeberg power plant shut down automatically on Monday but there was no interruption to power supply.  Full story

The Rwandan bourse is eyeing at least five new listings by 2014 as the government sells investments in major state-owned firms in a bid to boost the nascent stock exchange, its top official told Reuters on Monday.  Full story
An independent inquiry will investigate allegations that British security services were involved in illegally sending terror suspects to Libya where they risked being tortured by Muammar Gaddafi's government, officials said Monday.  Full story
Syria has opened its main prison in Damascus to the Red Cross, the organisation said on Monday, a move that could help reveal the fate of some of the thousands detained since the start of a five-month uprising.  Full story
SA Business
South Africa's National Union of Mineworkers (NUM) said on Monday it has reached a one-year wage deal with African Rainbow Minerals'. . .  Full story
South Africa's second-biggest clothing retailer Foschini said on Monday that sales grew 17.3 percent in the first five months of this. . .  Full story
South African miner Metorex, the takeover target of Chinese metals group Jinchuan, reported a 155 percent rise in first-half profit on. . .  Full story
Mining firms led a decline in South African stocks prices to a week-low on Monday, undermined by investor concerns of the. . .  Full story

Ghana joined the club of oil-producing nations in December and is getting used to its new status as a low-middle-income country that has. . .  Full story
A stretch of West Africa's coast spanning more than a dozen countries, the Gulf of Guinea is a growing source of oil, cocoa. . .  Full story
With his 32-year grip on power strengthened by last year's new constitution, President Jose Eduardo dos Santos is favourite to win the 2012. . .  Full story
ArcelorMittal South Africa, a unit of the world's top steelmaker, secured around 240,000 tonnes of steel to boost supplies to its. . .  Full story

Zambia, Africa's top copper producer, has enjoyed peace and stability compared with many countries in southern Africa but an election this month and a possible energy crisis is clouding its immediate outlook.. . .  Full story
Aveng, Africa's largest construction company by market value, posted a 37 percent drop in full-year earnings on Monday, hit by a fall in building projects at home, payment of penalties to regulators and challenges finishing projects in Australia.. . .  Full story
Company News
Sentula provided its shareholders with the salient features of a recently completed competent persons' report ("CPR"), covering the company's material assets. . .  Full story
Datatec announced the allotment of 12 288 ordinary R0.01 shares following the exercise of share options on or before 31 August. . .  Full story
Shareholders are referred to the Eqstra unbundling circular dated 20 March 2008, wherein the issue of convertible A deferred ordinary shares. . .  Full story
Anglo American to divest minority interest in Palabora Mining Company Anglo American announces that it will participate in the sale process. . .  Full story

In response to recent media speculation, Central Rand Gold Limited can confirm that it has responded in full to the South African Department of Mineral Resources (DMR) in terms of a compliance notice it received from the DMR on August 5, 2011. In terms of this notice, the DMR said it was considering re-evaluating the company's Mining Right as a result of certain elements of "non-compliance" with Social Labour Plan (SLP) requirements of its new order mining right. This plan was based on i. . .  Full story
Company Results
Revenue increased by 5.7% to R7.7 billion (R7.3 billion). Operating profit before capital items was iup by 25.4% to R1.1 billion. . .  Full story
Revenue rose to R55.5 million (R48.9 million) and operating profit before net finance income improved to R10.4 million (R10.1 million). Profit. . .  Full story
Revenue for the year ended 30 June 2011 Increased by 1% to R34.3 billion (2010: R34 billion). Operating profit decreased by. . .  Full story
Gross revenue amounted to USD259 .9 million for the 6 month period ended 30 June 2011. EBITDA was USD104.5 million and. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0029888.14-630.78-2.07%
JSE Top 4017:0026554.09-625.64-2.30%
JSE Gold17:002744.3723.530.86%
JSE Financial17:0020835.82-262.51-1.24%
JSE Industrial17:0031933.34-643.42-1.98%
JSE Indust 2517:0026816.75-609.78-2.22%
JSE Resource17:0047883.40-1340.84-2.72%
DJ Futures17:4611005.00-203.00-1.81%
DJ Ind02/0911240.26-253.31-2.20%
SP 50002/091173.97-30.45-2.53%
FTSE 10017:355102.58-189.45-3.58%
All Ords08:364224.20-97.30-2.25%
NZSE 5008:063293.13-39.14-1.17%
NameTimeRPMove% Move
Gold/R kg19:4643555499242.33%
Brent Crude19:46110.03-3.60-3.17%
Rand / Dollar19:597.12280.06150.87%
Rand / Pound19:5511.45060.06310.55%
Rand / Euro19:5510.04440.03600.36%
Rand / NZD19:585.9253-0.0286-0.48%
Rand / AUD19:557.52400.02750.37%
Yen / Dollar19:5876.89000.05000.07%
Euro / Dollar19:550.70950.00360.51%
Dollar / Euro19:591.4090-0.0071-0.50%
Pound / Dollar19:550.62070.00190.31%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 COMPCLEAR  32011052.38.%27866
2 GOLIATH  325258.33.%16743
3 OPTIMUM  38002507.04.%49533677
4 URONE  19071166.48.%31674
5 SOVFOOD  505255.21.%340
6 OCEANA  37871865.17.%1094
7 GRANPRADE  303134.48.%28991
8 PARACON  19084.40.%625
9 FAMBRANDS  44791503.47.%11871
10 VILLAGE  14042.94.%1012555
11 ASPEN  84852102.54.%1265905
12 ANGGOLD  328956822.12.%1579608
13 ELLIES   19442.11.%42215
14 HOWDEN  1425251.79.%12030
15 AMA  17831.71.%39523
16 ARB  33051.54.%14000
17 SPURCORP  1320201.54.%31932
18 GOLDONE  39761.53.%979194
19 METAIR  1639241.49.%18735
20 CLOVER  1115151.36.%10733

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Major Moves Down
SharenameSaleMove% MoveVolume
1 BAUBA  200-20-9.09.%5000
2 GBGOLD  1510-124-7.59.%10000
3 RANGOLD  220-15-6.38.%30
4 MIXTEL  126-8-5.97.%29500
5 ONELOGIX  145-9-5.84.%9500
6 JSE  6522-378-5.48.%58080
7 ANGLOPLAT  52808-3007-5.39.%567704
8 LEWIS  7617-433-5.38.%895984
9 KUMBAIO  45936-2484-5.13.%400359
10 WESIZWE  185-10-5.13.%107472
11 SASFIN  3211-164-4.86.%1200
12 HOLDSPORT  3000-150-4.76.%16487
13 HOSP-A  1320-65-4.69.%200000
14 CALGRO  105-5-4.55.%130000
15 JUBILEE  191-9-4.50.%22057
16 DORBYL  258-12-4.44.%11393
17 ARM   17305-735-4.07.%723517
18 COAL  760-32-4.04.%490183
19 NASPERSN  35200-1479-4.03.%1024799
20 LONMIN  13883-582-4.02.%261664

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New Highs
SharenameSaleHighMove% MoveVolume
1 COMPCLEAR  32032011052.38.%27866
2 OPTIMUM  380038012507.04.%49533677
3 HOWDEN  14251450251.79.%12030
4 WOOLIES  37003755300.82.%4614780

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New Lows
SharenameSaleLowMove% MoveVolume
1 RANGOLD  220220-15-6.38.%30
2 AECI  70006599-159-2.22.%345972
3 EASTPLATS  503500-4-0.79.%100282
4 OANDO  1901800.9505

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Index Summary
Index NameRPMove% Move
Top 4026,554.09-625.64-2.30%
Mid Cap41,394.84-395.95-0.95%
Small Cap31,173.54-122.97-0.39%
Resource 2047,883.40-1340.84-2.72%
Industrial 2526,816.75-609.78-2.22%
Financial 157,769.47-102.39-1.30%
Financial & Ind. 3029,621.55-623.19-2.06%
All Share29,888.14-630.78-2.07%
Oil & Gas 24,236.00-444.69-1.80%
Mining 31,539.94-887.26-2.74%
Gold Mining2,744.3723.530.86%
Platinum Mining62.95-2.09-3.21%
GENERAL MINING7,572.89-288.41-3.67%
Oil & Gas Producers 13,031.25-239.10-1.80%
Basic Materials 26,719.89-761.76-2.77%
Chemicals 12,275.22-239.94-1.92%
Forestry & Paper 12,224.59-321.15-2.56%
Industrial Metals 27,285.54-1078.47-3.80%
Industrials 26,615.75-409.43-1.51%
General Industrials 74,090.89-1358.64-1.80%
Consumer Goods 26,160.79-631.04-2.36%
Automobiles & Parts 3,711.4554.351.49%
Household Goods139.69-4-3.00%
Health Care 32,874.84190.310.58%
Beverages 85.03-1.60-1.85%
Index NameRPMove% Move
Food Producers 47,833.83-705.99-1.45%
Personal Goods 381.03-13.38-3.39%
Consumer Services 53,631.63-1082.42-1.98%
General Retailers 45,341.03-721.47-1.57%
Travel & Leisure 3,673.5131.450.86%
Media 77.78-3.17-3.92%
Support Services 2,251.11-20.44-0.90%
Telecommunications 68,682.21-1253.37-1.79%
Financials 20,835.82-262.51-1.24%
Banks 39,047.74-439.16-1.11%
Non-life Insurance 32,554.41349.191.08%
Life Insurance 15,057.46-277.11-1.81%
General Financial 2,132.36-22.61-1.05%
Technology 22,533.03-327.85-1.43%
SHARIAH TOP40 2,872.74-74-2.52%
FTSE/JSE SHARIAH ALL2,942.74-70-2.33%
COAL MINING25,163.59-418-1.63%
FTSE JSE Fledgling 4,444.2690.21%
FTSE/JSE Alt X 1,092.29-16-1.43%
CAPPED PROPERTY 313.52-1.15%
RESOURCE 26,555.11-712-2.61%
DIVIDEND PLUS165.99-2-1.16%
FTSE/JSE RAFI 406,184.65-131-2.08%
Capped Top 4013,993.21-311-2.17%
Capped All Share15,112.49-310-2.01%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
06 Sep 2011KAPJune 2011 (Final)
07 Sep 2011AFGRIJune 2011 (Final)
07 Sep 2011CAXTONJune 2011 (Final)
07 Sep 2011CAXTON6%CPPJune 2011 (Final)
07 Sep 2011SASFINJune 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
CULINAN5.511-09-0211-09-1611-09-26R 0.0550
CAPEVIN11-09-0211-09-1611-09-26R 1.8150
DIALOGUE11-09-0111-09-1611-09-26R 0.1300
DISCOVERY11-09-0111-10-0711-10-17R 0.4800
PSGFIN PREF11-09-0111-09-1611-09-26R 3.4024
Ex Div**
Share NameDec-DateLDTPay-DateAmount
GRINDROD PREF11-08-1811-09-0211-09-12R 3.5700
NEDBANK11-08-0111-09-0211-09-12R 2.6500
JSE11-08-1611-09-0211-09-12R 2.1000
SBRJSEP1111-06-1511-09-0211-09-15R 1.4500
STANBANK11-08-1111-09-0211-09-12R 1.4100

Upcoming AGMs**
CodeCompany NameDateStatus
TFGThe Foschini Group Ltd05/09/2011Confirmed
TFGPThe Foschini Group Ltd05/09/2011Confirmed
CAPCape Empowerment Ltd05/09/2011Confirmed
DGCDigicore Holdings Ltd06/09/2011Confirmed
SALDSallies Ltd06/09/2011Confirmed

Stock Exchange News Service
05/09/201117:46 Sentula Mining Limited - Salient features of a competent persons` report
05/09/201117:25 1time holdings Limited - Changes to the board of directors
05/09/201116:51BIIND - iNdwa Investments Limited - Listing of New Financial Instrument and Tap
05/09/201116:50BIRCS - RCS Investment Holdings (Proprietary) Limited - Listing of New Financial
05/09/201116:49 Onelogix Group Limited - Dealing in Securities
05/09/201116:47 1time Holdings Limited - Reviewed results for the interim period ended 30
05/09/201116:34 Super Group Limited - Outlook statement made by CEO on Moneyweb
05/09/201116:31 Beige Holdings Limited - Dealings in securities by directors
05/09/201116:27OML - Old Mutual Plc - Form 8.3
05/09/201116:26FTG1 - First Strut (Proprietary) Limited - Listing of New Financial Instrument
05/09/201116:25OML - Old Mutual Plc - Form 8.3
05/09/201116:21IVA210 - iVuzi Investments Limited - New Financial Instrument Listing
05/09/201116:15MND/MNP - Mondi Limited / Mondi plc - Transactions in Mondi Plc ordinary shares
05/09/201116:14 Conduit Capital Limited - Renewal of cautionary announcement
05/09/201116:06FRC72 - FirstRand Bank Limited - Listing of New Financial Instrument
05/09/201115:30 Miranda Mineral Holdings Limited - Changes to the board of directors,
05/09/201115:00 Datatec Limited - Further issue of shares
05/09/201114:30TFG/TFGP - The Foschini Group Ltd - Results of Annual General Meeting
05/09/201114:07 Eqstra Holdings Limited - Conversion and listing of Eqstra ordinary shares
05/09/201113:18 Tiger Brands Limited - Results of general meeting
05/09/201113:15TFG/TFGP - The Foschini Group Ltd - Statement by the CEO
05/09/201112:55INL/INP - Investec Limited/Investec plc - Form 8 (DD)
05/09/201112:49INL/INP - Investec Limited/Investec plc - Form 8 (DD)
05/09/201112:28ABL - African Bank Investments Limited - ABIL investor day
05/09/201112:10STAN40 - STANLIB TOP 40 FUND - Distribution announcement - salient dates
05/09/201112:09STANSX - STANLIB SWIX 40 FUND - Distribution announcement
05/09/201111:45 Village Main Reef Limited - Village announces an increased resource of
05/09/201111:43GRT01 - Growthpoint Properties Limited - Interest Rate Reset: GRT01
05/09/201111:41 Beige Holdings Limited - Dealings in securities by directors
05/09/201111:38 Investec Property Fund Limited - Proposed acquisition of two properties in
05/09/201111:38 Bowler Metcalf Limited - Withdrawal of cautionary announcement
05/09/201111:20 Omnia Holdings Limited - Dealing in securities
05/09/201111:03 Massmart Holdings Limited - Notification of acceptance of shares and share
05/09/201110:57 Eqstra Holdings Limited - Dealing in securities by director of a major
05/09/201110:46 Masonite (Africa) Limited - Cautionary announcement
05/09/201110:21 Murray & Roberts Holdings Limited - Dealings in securities by
05/09/201110:09 Winhold Limited - Dealings in Securities by a Director
05/09/201110:03 Winhold Limited - Dealings in securities by a director
05/09/201110:03 Iliad Africa Limited - Dealing by director of a major subsidiary
05/09/201110:00 Wilson Bayly Holmes - Ovcon Limited - Audited financial results for the
05/09/201109:50INL/INP - Investec Limited/Investec plc - Disclosure in accordance with Rule
05/09/201109:00 Assore Limited - Change to board of directors
05/09/201108:08 Vunani - Unaudited Condensed Consolidated Financial Results
05/09/201108:00 Anglo American plc - Anglo American to divest minority interest in
05/09/201108:00 Central Rand Gold Limited - Central Rand Gold awaits Department of Mineral
05/09/201108:00 Blackstar - Real Estate Acquisition
05/09/201107:45 Palabora - Rio Tinto and Anglo American announce their intention to divest
05/09/201107:30 Aveng Group - Audited group results for the 12 months ended 30 June 2011
05/09/201107:10 British American Tobacco p.l.c. - Transaction in own shares
05/09/201107:07 Trencor - Trencor`s Textainer to present at the Dahlman Rose & Co Fourth
05/09/201107:07 Trencor - Trencor`s Textainer to present at the Jefferies 2011 Global
05/09/201107:07 Compu-Clearing Outsourcing Limited - Reviewed preliminary condensed
05/09/201107:07 Gold One International Limited - Gold One Strengthens Management Team
05/09/201107:06 Metorex Limited - Consolidated unaudited interim results for the six
05/09/201107:05 AVI Limited - Results for the year ended 30 June 2011
05/09/201107:05 Gold One International Limited - Appendix 3B new issue announcement,
05/09/201107:05 RBA Holdings Limited - Appointment of three new independent non-

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