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 The Sharenet Daily 
Tuesday, 06 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.African rand, stocks fall to 1-1/2 week lows

By Phumza Macanda and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - South Africa's rand weakened against the dollar on Tuesday, reversing earlier gains on broad-based dollar buying but could get support at around 7.16.

In the absence of market-moving news locally the rand mirrored weakness in other emerging market currencies after Switzerland's central bank said it would peg its currency and enforce that by buying foreign currency.

The rand hit a nine-day low at 7.1650 to the dollar at one point.

South African stocks fell by more than 1 percent, tracking global equities on persistent worries about the global economy and the debt crisis in Europe.

The JSE Top-40 blue-chip index dropped 1.39 percent to 26,184.5 points and the broader All-share index fell 1.21 percent to 29,525.83.

Government bonds bucked that weaker trend though, after a stronger-than-expected debt auction, which saw yields fall to one-year lows.

The rand was trading at 7.15 against the dollar at 1555 GMT, 0.5 percent weaker than its previous close of 7.1180.

It hit session highs at 7.06, but retreated as importers came in to buy dollars.

"It has been extremely volatile, I would imagine the major catalyst would have been the Swiss National Bank comments around the Swiss strength," said a local trader.

The rand has strong support at around 7.16 to the dollar but if it breaks that level convincingly it would eye 7.20-7.23.

The rand has recovered from one-year lows of 7.50 hit early in August but charts suggest the bearish trend remains as the currently is trading weaker than its 50-, 100- and 200-day moving averages.


On the fixed income market, the yield on the 2015 bond fell to record lows at 6.27 percent. It was last at 6.33 percent, 2 basis points lower than at the previous close.

The yield on the 2026 yield was down 9.5 basis points to 7.745 percent on the day, after hitting 7.695 percent, its lowest since January 2009.

"The move down was driven effectively by the global search for safe-haven kind of markets after equity markets were down as much as they are," said a bond dealer at Rand Merchant Bank.

Manufacturing data on Thursday could see bonds gain further if the data points to a further economic slowdown in the third quarter.

A Reuters poll showed the market is expecting output to contract by 0.6 percent year-on-year in July, a figure that will boost the case for another rate cut. The central bank already cut rates by a cumulative 650 basis points between the end of 2008 and the end of 2010.

Among movers on the stock exchange, luxury goods maker Richemont topped the losers' list, falling 4.35 percent to 36.49 rand ahead of results on Wednesday.

Elsewhere, Steinhoff fell 1.96 percent to 21.55 rand after the furniture retailer posted virtually no growth in full-year profit.

Tue, 06 Sep 2011
Top News
South Africa's Richards Bay Coal Terminal (RBCT) exported 6.987 million tonnes of coal in August compared with 4.36 million tonnes the previous month, RBCT data showed on Tuesday.  Full story

Glencore, the world's largest commodity trader, has almost doubled its stake in takeover target Optimum Coal Holdings to 23.9 percent, and sources said shareholders had promised to sell much more.  Full story
The United States believes a convoy with senior members of the defunct regime of Libya's Muammar Gaddafi had entered Niger but did not include Gaddafi himself, State Department spokeswoman Victoria Nuland said on Tuesday.  Full story
The U.N.'s Yugoslavia war crimes tribunal sentenced Serbia's former army chief, Momcilo Perisic, to 27 years in jail on Tuesday for murder, persecution and attacks on civilians in Bosnia and Croatia in the 1990s.  Full story
Turkey is freezing defence trade with Israel and stepping up naval patrols in the eastern Mediterranean, highlighting a potentially destabilising rift between the two major U.S. allies in the Middle East.  Full story
SA Business
Zimbabwe's President Robert Mugabe said on Tuesday he expected the full cooperation of foreign firms in a plan for local blacks. . .  Full story
South Africa's gold output in the second quarter of this year rose 6.4 percent to 47,563.6 kgs compared with the first. . .  Full story
South Africa's Treasury raised 2.1 billion rand from the longer end of the yield curve on Tuesday in a strong auction. . .  Full story
South Africa's finances are sound but the risk of high indebtedness by both the government and individuals lurks if no action. . .  Full story

South Africa's National Union of Mineworkers (NUM) said on Tuesday it had referred its dispute with coal producer Xstrata over an. . .  Full story
South Africa's Treasury raised 2.1 billion rand ($295 million) from the longer end of the yield curve on Tuesday in a strong auction. . .  Full story
South Africa exported 9,708 tonnes of white maize last week compared with 67,657 tonnes in the previous week, the South African. . .  Full story
Australia and South Africa-listed Gold One International said on Tuesday that Namibian regulators had given the greenlight to its takeover by. . .  Full story

The downward spiral for South Africa's rand continued on Tuesday when it opened at a one-week low against the dollar as sentiment turns increasingly gloomy about the global growth picture, hitting commodity-linked currencies such at the rand.. . .  Full story
Company News
Merchant and Marshall Monteagle Plc ("Marshall") shareholders were advised that at the general meeting of Marshall shareholders held on 6 September 2011, the special resolution contained in the circular to Merchant. . .  Full story
Shareholders were advised that Piruto B.V., a wholly-owned subsidiary of Glencore International AG, purchased 24 628 409 shares in Optimum for an average price of ZAR37.98 per share, with ZAR38.00 being. . .  Full story
Rockwell announced that its board of directors has approved the capital investment to install high throughput (or bulk) x-ray technology at Saxendrift. This represents another positive step in implementing and entrenching. . .  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 Overall17:0029525.83-362.31-1.21%
JSE Top 4017:0026184.50-369.59-1.39%
JSE Gold17:002744.19-.18-0.01%
JSE Financial17:0020428.38-407.44-1.96%
JSE Industrial17:0031605.11-328.23-1.03%
JSE Indust 2517:0026495.94-320.81-1.20%
JSE Resource17:0047343.22-540.18-1.13%
DJ Futures19:5611040.0035.000.32%
DJ Ind19:4111088.29-151.97-1.35%
SP 50019:561158.94-15.03-1.28%
FTSE 10017:355156.8454.261.06%
All Ords08:364160.70-63.50-1.50%
NZSE 5007:463270.56-32.66-0.99%
NameTimeRPMove% Move
Gold/R kg19:56430237-3666-0.84%
Brent Crude19:56112.142.191.99%
Rand / Dollar19:587.17640.06520.92%
Rand / Pound19:5511.4211-0.0218-0.19%
Rand / Euro19:5510.04880.01150.11%
Rand / NZD19:575.9107-0.0094-0.16%
Rand / AUD19:557.55030.03450.46%
Yen / Dollar19:5977.52000.60000.78%
Euro / Dollar19:550.71390.00480.68%
Dollar / Euro19:571.4005-0.0090-0.64%
Pound / Dollar19:550.62630.00600.97%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 BEIGE-PR2  1603528.00.%971
2 MASONITE  290039915.95.%2480
3 CALGRO  115109.52.%36452
4 ALTRON  27502007.84.%8763
5 VILLAGE  150107.14.%1607493
6 AQUARIUS  28001806.87.%32530
7 GBGOLD  1608986.49.%25374
8 RANGOLD  230104.55.%14792
9 VALUE  390154.00.%1350
10 PNR-FOODS  61002243.81.%57759
11 EQSTRA  720202.86.%33249
12 WOOLIES  38011012.73.%8782040
13 DORBYL  26572.71.%5000
14 ELBGROUP  2000502.56.%850
15 ARM   176993942.28.%435178
16 ANOORAQ  450102.27.%31326
17 JUBILEE  19542.09.%6395
18 DRDGOLD  39582.07.%783508
19 NORTHAM  3380672.02.%411950
20 WINHOLD  16031.91.%20072

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Major Moves Down
SharenameSaleMove% MoveVolume
1 URONE  1706-201-10.54.%128138
2 COMAIR  215-15-6.52.%200
3 KEATON   272-18-6.21.%15920
4 SENTULA  230-15-6.12.%85024
5 PALLINGHT  320-20-5.88.%109225
6 TRENCOR  3200-151-4.51.%24924
7 RICHEMONT  3649-166-4.35.%33356612
8 MAS  995-40-3.86.%1000
9 AVUSA  2270-90-3.81.%345325
10 NEDCOR  13250-515-3.74.%1024001
11 STANBANK  9207-347-3.63.%4627857
12 SANLAM  2555-95-3.58.%5676343
13 MONDILTDP  5741-209-3.51.%223003
14 BLACKSTAR  1047-33-3.06.%6291
15 CLIENTELE  970-30-3.00.%5531
16 NETCARE  1330-41-2.99.%3486908
17 GROUP-5  2480-73-2.86.%83350
18 CLICKS  3789-111-2.85.%1395262
19 PALCAP  172-5-2.82.%565462
20 FIRSTRAND  1930-56-2.82.%14361209

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New Highs
SharenameSaleHighMove% MoveVolume
1 BEIGE-PR2  1601603528.00.%971
2 WOOLIES  380138551012.73.%8782040
3 GOLDONE  40040030.76.%144978

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New Lows
SharenameSaleLowMove% MoveVolume
1 URONE  17061705-201-10.54.%128138
2 ARGENT  690690-10-1.43.%5160

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Index Summary
Index NameRPMove% Move
Top 4026,184.50-369.59-1.39%
Mid Cap41,262.85-131.99-0.32%
Small Cap31,089.62-83.92-0.27%
Resource 2047,343.22-540.18-1.13%
Industrial 2526,495.94-320.81-1.20%
Financial 157,589.25-180.22-2.32%
Financial & Ind. 3029,132.53-489.02-1.65%
All Share29,525.83-362.31-1.21%
Oil & Gas 23,556.95-679.05-2.80%
Mining 31,301.55-238.39-0.76%
Gold Mining2,744.19-.18-0.01%
Platinum Mining62.40-.55-0.87%
GENERAL MINING7,499.30-73.59-0.97%
Oil & Gas Producers 12,666.14-365.11-2.80%
Basic Materials 26,495.50-224.39-0.84%
Chemicals 12,316.9541.730.34%
Forestry & Paper 11,952.33-272.26-2.23%
Industrial Metals 26,768.30-517.24-1.90%
Industrials 26,366.27-249.48-0.94%
General Industrials 73,419.16-671.73-0.91%
Consumer Goods 25,689.24-471.55-1.80%
Automobiles & Parts 3,691.07-20.38-0.55%
Household Goods136.95-3-1.96%
Health Care 32,682.21-192.63-0.59%
Beverages 84.50-.53-0.62%
Index NameRPMove% Move
Food Producers 47,940.05106.220.22%
Personal Goods 364.45-16.58-4.35%
Consumer Services 53,694.2862.650.12%
General Retailers 45,338.33-2.70-0.01%
Travel & Leisure 3,670.31-3.20-0.09%
Support Services 2,237.04-14.07-0.63%
Telecommunications 68,047.57-634.64-0.92%
Financials 20,428.38-407.44-1.96%
Banks 37,895.30-1152.44-2.95%
Non-life Insurance 32,008.80-545.61-1.68%
Life Insurance 14,833.64-223.82-1.49%
General Financial 2,100.76-31.60-1.48%
Technology 22,501.01-32.02-0.14%
SHARIAH TOP40 2,840.39-32-1.13%
FTSE/JSE SHARIAH ALL2,912.35-30-1.03%
COAL MINING25,200.02360.14%
FTSE JSE Fledgling 4,470.56260.59%
FTSE/JSE Alt X 1,088.38-4-0.36%
CAPPED PROPERTY 310.50-0.96%
RESOURCE 26,281.68-273-1.03%
DIVIDEND PLUS164.76-1-0.74%
FTSE/JSE RAFI 406,089.01-96-1.55%
Capped Top 4013,794.54-199-1.42%
Capped All Share14,928.99-184-1.21%

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

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
COMPCLEAR11-09-0511-10-2111-10-31R 0.1800
WBHO11-09-0511-10-1411-10-24R 2.2000
AVENG11-09-0511-10-0711-10-17R 1.4500
A-V-I11-09-0511-09-2311-10-03R 0.7500
CULINAN5.511-09-0211-09-1611-09-26R 0.0550
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
SALSallies Ltd06/09/2011Confirmed
SALDSallies Ltd06/09/2011Confirmed
DGCDigicore Holdings Ltd06/09/2011Confirmed
RDIRockwell Diamonds Inc09/09/2011Confirmed
SSKStefanutti Stocks Holdings Ltd09/09/2011Confirmed

Stock Exchange News Service
06/09/201117:47 South African Coal Mining Holdings Limited - Change to the board of
06/09/201117:45 BSI Steel Limited - Trading Statement
06/09/201117:29 Efficient Group Limited - Trading statement for the year ended 31 August
06/09/201117:24 Primeserv Group Limited - Directors Dealing In Securities
06/09/201117:15 British American Tobacco p.l.c - Notification of transactions by
06/09/201117:00BIBAY - Bayport Securitisation (RF) Ltd - R500 million Warehousing Facility to
06/09/201116:34 Reunert Ltd - Exercise of options and subsequent sale of shares by a
06/09/201116:26OML - Old Mutual Plc - Form 8.3
06/09/201116:25OML - Old Mutual Plc - Form 8.3
06/09/201116:00Wits Gold`s advanced De Bron - Merriespruit South (DBM) Project moves into
06/09/201115:22MSS/MMP - Merchant and Industrial Properties / Marshall Monteagle Plc -
06/09/201115:16BICAP - Capitec Bank Limited - Listing of New Financial Instrument
06/09/201115:10 Optimum Coal Holdings Limited - Disclosure of significant holding of
06/09/201114:49 Beige Holdings Limited - Dealings in securities by directors
06/09/201114:30 Rockwell Diamonds Incorporated - Rockwell to implement a highly effective
06/09/201114:07SHF/SHFF - Steinhoff International Holdings Limited/Steinhoff Investment -
06/09/201113:47RDFC01 - Redefine Properties Limited - New Financial Instrument Listing
06/09/201112:58SAL/SALD - Sallies Limited - Results of general meeting
06/09/201112:50INL/INP - Investec Limited/Investec plc - Form 8 (DD)
06/09/201112:44INL/INP - Investec Limited/Investec plc - Form 8 (DD)
06/09/201112:06 City Lodge Hotels Limited - Director`s dealings in securities
06/09/201111:50 Curro Holdings Limited - Dealing in Curro Holdings Limited shares by
06/09/201111:43 Lewis Group Limited - Directors Dealings in Securities
06/09/201111:08 Massmart Holdings Limited - Notification of Director`s dealing in
06/09/201110:00ADR/PCN - Adcorp/Paracon - Joint announcement of a firm intention by Adcorp
06/09/201110:00 AECI Limited - Further cautionary announcements
06/09/201109:50INL/INP - Investec Limited/ Investec plc - Disclosure in accordance with Rule
06/09/201109:26 Country Bird Holdings Limited - Dealings in securities
06/09/201109:00 Woolworths Holdings Limited - Resignation of group director corporate
06/09/201109:00 ZCI Limited - No change statement and notice of Annual General Meeting
06/09/201108:59GEN - Piruto B.V. - Dealings Disclosure
06/09/201108:48 Firestone Energy Limited - Linc Energy takes Strategic Stake in Firestone
06/09/201108:40CLN196 - The Standard Bank of South Africa Limited - New Financial Instrument
06/09/201108:13GEN - General - ABK - Qualified Audit Opinion
06/09/201108:00 KAP International Holdings Ltd - Audited Results for the year ended 30
06/09/201107:10 British American Tobacco p.l.c - Transaction in own shares
06/09/201107:05 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
06/09/201107:05 Gold One International Limited - Namibian competition commission

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