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 The Sharenet Daily 
Friday, 09 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's rand hits one-month low, stocks down

By Phumza Macanda and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - South Africa's rand tumbled to one-month lows against the dollar on Friday after its breach of technical levels triggered stop losses and government bonds followed the currency weaker.

The rand hit 7.30 to the dollar earlier -- its weakest since Aug, 11 -- but bounced as those levels attracted greenback selling by exporters.

It registered its biggest weekly fall in a month.

The rand will have to close near the 7.30 area to signal further weakness next week and sentiment in global markets suggest it may do just that.

The resource-heavy bourse was deep in negative territory, after a two-day reprieve, as miners were among the worst hit on falling commodity prices.

Government bonds ended the week on a weak note, reversing some of this week's strong gains that saw yields fall to record lows.

Volatility has dominated trading on bonds this week and should continue as market players are nervous about how the persistent euro zone sovereign debt problems will play out.

Friday's news that a European Central Bank Executive Board Member Juergen Stark would step down due to squabbling over the bank's bond buying programme just added to the worries and saw investors trim back their exposure to risky assets.

Bonds, which had been on a bullish trend, changed course, extending losses after the ECB news fuelled uncertainty.

The yield on the 2015 bond went up 15 basis points to 6.48 percent and that on the 2026 bond went up 12.5 basis points to 7.905.

The rand was trading at 7.2670 to the dollar at 1532 GMT, 1.2 percent weaker than Thursday's New York close of 7.1795.

Stops were triggered when it breached 7.22.

"There's a risk-off scenario playing out and exporters came in earlier but generally rand weakness has been sustained," said William Van Rijn who runs the forex trading desk at Nedbank.

"What's happening in Europe is just feeding worries. There is so much bad news out there, it's not looking good. We'll have to see what happens this weekend."

On the local data front, focus will be on the Reserve Bank's quarterly bulletin on Tuesday.

The market expects the current account deficit to widen to 3.55 percent of GDP and a wider-than-expected shortfall should keep the rand under pressure.

The JSE Top-40 blue-chip index fell 1.8 percent to 27,114.18 and the broader All-share index lost 1.54 percent to 30,440.87.

"There more fears about the European economy and it seems that the guys are not convinced that U.S. President Barack Obama can provide any quick fixes to the American economy," said Desmond Reilly, a trader at PSG Konsult.

Among equity movers on the bourse, BHP Billiton dropped 2.44 percent to 228.76 rand and Anglo American was down 1.84 percent at 281.50 rand.

Copper fell almost 3 percent on Friday.

Elsewhere, Investec skidded 2 percent to 48.60 rand after the finance group said it would buy British investment bank Evolution for $374 million.

Fri, 09 Sep 2011
Top News
South Africa's Woolworths aims to more than double its presence on the fast-growing African continent over the next three years, an executive said on Friday, as the retailer looks to fend off new competition from Wal-Mart.  Full story

Optimum Coal said on Friday that should an offer be made for the company by a consortium including trader Glencore and a vehicle of politician turned businessman Cyril Ramaphosa, the price would not be lower than 38 rand per share.  Full story
Fighters representing Libya's new rulers entered one of the last towns loyal to ousted leader Muammar Gaddafi late on Friday and said there was fighting on the streets, in what could mark the start of a final showdown against bastions of Gaddafi control.  Full story
- Syrian protesters called on Friday for international protection from a military crackdown that has sought to crush nearly six months of nationwide demonstrations against President Bashar al-Assad's rule.  Full story
Thousands of Egyptian activists returned to Cairo's Tahrir Square Friday for a day of protests demanding a clear road map to democracy and an end to military trials for civilians.  Full story
SA Business
South Africa's Standard Bank expects sugar production in Africa to grow, supported by increased demand and firmer prices, its head of investment banking said.. . .  Full story
South Africa's rand weakened against the dollar on Friday, with data suggesting there was room for further weakness after it breached support in the 7.22 area.. . .  Full story
Absa Group has acquired Takafol South Africa, the only firm offering Islamic insurance in Africa's biggest economy, for an undisclosed amount, the bank said on Friday.. . .  Full story

South Africa's benchmark stocks dropped more than 2 percent in late trade on Friday, tracking global equity markets as a surprise. . .  Full story
Zimbabwe may give foreign miners more time to submit plans to transfer majority stakes to local black investors, the state-run Herald. . .  Full story
South Africa's bonds pulled back slightly on Friday after the previous day's strong gains, but their long term outlook remains bullish. . .  Full story
Australian shares rose 0.16 percent on Friday, having largely erased early gains as investors took only mild encouragement from President Barack Obama's $447 billion. . .  Full story
Company News
Shareholders are referred to the announcement released on SENS on 6 September 2011 and published in the press on 7. . .  Full story
Shareholders are notified that at the company's annual general meeting held on 9 September 2011, the special resolutions and ordinary resolutions. . .  Full story
Shareholders are referred to the cautionary announcements published by Optimum on 29 August 2011 and 1 September 2011, respectively. Shareholders were. . .  Full story
In accordance with the requirements of paragraph 3.59 of the Listing requirements of the JSE, shareholders should note that Ian Michael. . .  Full story

Further to the announcement dated 23 August 2011, Implats confirmed that its Zimbabwean subsidiary, Zimbabwe Platinum Mines (Pvt) Ltd ("Zimbabwe Platinum. . .  Full story
Vox shareholders are referred to the firm intention announcement published by Vox on SENS on 14 July 2011 and in the. . .  Full story
Holders of Astrapak preference shares are advised that the salient dates for the tenth dividend declaration in respect of the non-redeemable,. . .  Full story
Aquarius announced a final dividend for the year ended 30 June 2011 of 4 US cents for all shareholders registered on. . .  Full story
Company Results
Group revenue decreased 3.4% to R1.5 billion from R1.6 billion in the year under review. Group operating profit decreased 23.3% to. . .  Full story
Turnover for the year ended June 2011 was higher at R4.3 billion (2010: R4.1 billion). Net profit from operating activities increased. . .  Full story
Revenue from continuing operations increased from R470.8 million to R518.5 million in 2011. Gross profit rose to R286.1 million (2010:R260.2 million). . .  Full story
Revenue from continuing operations increased to R518.8 million (R471.1 million), and gross profit rose to R286.1 million (R260.2 million). Operating profit. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0030440.87-477.13-1.54%
JSE Top 4017:0027114.18-493.57-1.79%
JSE Gold17:002847.9152.081.86%
JSE Financial17:0021026.23-420.54-1.96%
JSE Industrial17:0032499.01-423.50-1.29%
JSE Indust 2517:0027369.94-410.68-1.48%
JSE Resource17:0049084.89-829.61-1.66%
DJ Futures20:0010905.00-322.00-2.87%
DJ Ind19:4510983.20-312.61-2.77%
SP 50020:001154.67-31.23-2.63%
FTSE 10017:355214.65-125.73-2.35%
All Ords08:454277.407.600.18%
NZSE 5007:463323.9322.980.70%
NameTimeRPMove% Move
Gold/R kg20:0043515974331.74%
Brent Crude19:56112.36-3.14-2.72%
Rand / Dollar19:597.27550.10271.43%
Rand / Pound19:5511.53540.11160.98%
Rand / Euro19:559.96450.00030.00%
Rand / NZD19:585.98910.02520.42%
Rand / AUD19:557.62550.02800.37%
Yen / Dollar19:5777.4000-0.1200-0.15%
Euro / Dollar19:550.73060.01061.47%
Dollar / Euro19:571.3684-0.0205-1.48%
Pound / Dollar19:550.62910.00280.45%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 REXTRU-N  150019915.30.%2000
2 CALGRO  11998.18.%2400
3 MASONITE  31052057.07.%4
4 BELL  1498987.00.%51370
5 ROLFES  230146.48.%174700
6 FREEWORLD  920505.75.%1200
7 MVELAGRP  357154.39.%114779
8 SOVFOOD  480204.35.%8250
9 ONELOGIX  14664.29.%12256
10 SENTULA  22594.17.%531616
11 DORBYL  270103.85.%20000
12 ARB  335123.72.%12500
13 PETMIN  280103.70.%192946
14 PERGRIN  1050353.45.%93009
15 VIVIDEND  460153.37.%16000
16 GFIELDS  123254003.35.%7955086
17 PAN-AF  15953.25.%6750090
18 AFGRI  605193.24.%386359
19 GBGOLD  1630503.16.%83900
20 DELRAND  10233.03.%126

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Major Moves Down
SharenameSaleMove% MoveVolume
1 TELEMASTR  135-25-15.63.%37000
2 NICTUS  171-19-10.00.%700
3 OANDO  180-20-10.00.%6800
4 HOSP-B  530-45-7.83.%10528512
5 ASSORE  20222-1278-5.94.%78029
6 CBH  455-25-5.21.%18700
7 ABIL  3415-185-5.14.%3398507
8 BRIMSTON  820-40-4.65.%1000
9 ARM   18283-856-4.47.%539455
10 MIXTEL  125-5-3.85.%23200
11 ABSA  13951-543-3.75.%2898975
12 SASOL  32400-1249-3.71.%2483925
13 RICHEMONT  3859-146-3.65.%7011889
14 KEATON   280-10-3.45.%16260
15 AQUARIUS  2591-88-3.28.%6594
16 OLDMUTUAL  1311-44-3.25.%30790884
17 BIDVEST  15347-493-3.11.%642573
18 LONMIN  13906-442-3.08.%120797
19 NEDCOR  13740-371-2.63.%629005
20 OCEANA  3705-95-2.50.%3447

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New Highs
SharenameSaleHighMove% MoveVolume
1 REXTRU-N  1500150019915.30.%2000
2 PAN-AF  15916453.25.%6750090
3 WOOLIES  39003940401.04.%4625881
4 GOLDONE  40440441.00.%1227000
5 SHOPRIT  1145011679-100-0.87.%2142608
6 LIB-HOLD  76507838-100-1.29.%207005
7 SABMILLER  2546425985-396-1.53.%1354795

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New Lows
SharenameSaleLowMove% MoveVolume
1 HOSP-B  530530-45-7.83.%10528512
2 AFGRI  605571193.24.%386359

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Index Summary
Index NameRPMove% Move
Top 4027,114.18-493.57-1.79%
Mid Cap41,664.05-146.77-0.35%
Small Cap31,140.8555.040.18%
Resource 2049,084.89-829.61-1.66%
Industrial 2527,369.94-410.68-1.48%
Financial 157,854.94-194.53-2.42%
Financial & Ind. 3030,165.91-579.97-1.89%
All Share30,440.87-477.13-1.54%
Oil & Gas 24,528.65-943.65-3.70%
Mining 32,371.76-425.15-1.30%
Gold Mining2,847.9152.081.86%
Platinum Mining62.70-.55-0.87%
GENERAL MINING7,791.79-178.61-2.24%
Oil & Gas Producers 13,188.60-507.39-3.70%
Basic Materials 27,395.46-352.70-1.27%
Chemicals 12,506.44-54.34-0.43%
Forestry & Paper 12,436.17-112.68-0.90%
Industrial Metals 27,574.22-338.07-1.21%
Industrials 27,006.32-231.55-0.85%
General Industrials 75,552.26-1083.97-1.41%
Consumer Goods 26,637.95-576.26-2.12%
Automobiles & Parts 3,702.3922.640.62%
Household Goods142.99-1-0.84%
Health Care 33,360.28-447.93-1.32%
Beverages 87.02-1.35-1.53%
Index NameRPMove% Move
Food Producers 48,470.21-498.45-1.02%
Personal Goods 385.42-14.58-3.64%
Consumer Services 54,625.07-545.40-0.99%
General Retailers 45,958.44-326.43-0.71%
Travel & Leisure 3,635.07-4.59-0.13%
Media 78.77-1.29-1.61%
Support Services 2,197.80-16.06-0.73%
Telecommunications 70,102.08-374.64-0.53%
Financials 21,026.23-420.54-1.96%
Banks 39,547.55-976.44-2.41%
Non-life Insurance 33,085.46-361.31-1.08%
Life Insurance 15,251.41-399.46-2.55%
General Financial 2,147.94-47.30-2.15%
Technology 22,688.3114.660.06%
SHARIAH TOP40 2,941.18-45-1.50%
FTSE/JSE SHARIAH ALL3,007.58-42-1.38%
COAL MINING25,834.65-513-1.95%
FTSE JSE Fledgling 4,461.6880.17%
FTSE/JSE Alt X 1,115.3460.55%
CAPPED PROPERTY 311.36-0.59%
RESOURCE 27,204.64-448-1.62%
DIVIDEND PLUS167.23-2-1.19%
FTSE/JSE RAFI 406,295.46-116-1.81%
Capped Top 4014,279.09-254-1.75%
Capped All Share15,387.66-237-1.52%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
12 Sep 2011BEE-SASOLJune 2011 (Final)
12 Sep 2011EOHJuly 2011 (Final)
12 Sep 2011SASOLJune 2011 (Final)
13 Sep 2011ASPENJune 2011 (Final)
13 Sep 2011ASPENPREFJune 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
CAXTON11-09-0811-11-1811-11-28R 0.4000
CAXTON6%CPP11-09-0811-11-1811-11-28R 3.5700
CERAMIC11-09-0811-09-3011-10-10R 1.6000
SPURCORP11-09-0811-09-3011-10-10R 0.3300
GRANPRADE11-09-0811-12-0211-12-12R 0.1000
Ex Div**
Share NameDec-DateLDTPay-DateAmount
IMPLATS11-08-2511-09-0911-09-19R 4.2000
GRINDROD PREF11-08-1811-09-0211-09-12R 3.5700
MTN GROUP11-08-1711-09-0911-09-19R 2.7300
NEDBANK11-08-0111-09-0211-09-12R 2.6500
ASSORE11-08-2511-09-0911-09-19R 2.5000

Upcoming AGMs**
CodeCompany NameDateStatus
SSKStefanutti Stocks Holdings Ltd09/09/2011Confirmed
RDIRockwell Diamonds Inc09/09/2011Confirmed
SIMSimmer and Jack Mines Ltd09/09/2011Unconfirmed
ACPAcucap Properties Ltd09/09/2011Confirmed
MIXMiX Telematics Ltd13/09/2011Confirmed

Stock Exchange News Service
09/09/201117:45NAI - New Africa Investments Limited - Audited condensed consolidated
09/09/201117:00 African Rainbow Minerals Limited - Director`s dealings in ARM
09/09/201116:40 ARB Holdings Limited - Posting of integrated report and Notice of Annual
09/09/201116:39 IFA Hotels & Resorts Limited - Trading update for the twelve months ended
09/09/201116:38 William Tell Holdings Limited - Trading Statement
09/09/201116:35 The Spar Group Limited - Director`s dealing in securities
09/09/201116:34INL / INP - Investec Limited / Investec plc - Letters of intent
09/09/201116:30OML - Old Mutual Plc - Form 8.3
09/09/201116:30 Woolworths Holdings Limited - Sale of shares and exercise of options by
09/09/201116:30 Astral Foods Limited - Voluntary announcement
09/09/201116:29OML - Old Mutual Plc - Form 8.3
09/09/201116:20 Capital Shopping Centres Group Plc - Notification of major interests in
09/09/201116:08MIP/MMP - Merchant & Industrial Properties /Marshall Monteagle Plc -
09/09/201115:44 Rolfes Technology Holdings Limited - Trading Update
09/09/201115:02 Growthpoint Properties Limited - Dealing in securities by a director
09/09/201115:00MAPPSP - NewFunds MAPPS Protect ETF Portfolio - Distribution announcement
09/09/201114:56NewFunds MAPPS Growth ETF Portfolio - Distribution announcement - quarter
09/09/201114:55 Stefanutti Stocks Holdings Limited - Results of Annual General Meeting
09/09/201114:17 Optimum Coal Holdings Limited - Optimum announcement
09/09/201114:10SALD - Sallies Limited - Mandatory offer and renewal of cautionary
09/09/201114:02 Omnia - Dealing in Securities
09/09/201114:00BCD - Delrand Resources Limited - Annual and special meeting of
09/09/201113:55 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
09/09/201113:54 Exxaro Resources Limited - Trading of Exxaro ordinary shares on
09/09/201113:35 Growthpoint Properties Limited - Dealing in securities by director of
09/09/201113:20GND/GNDP - Grindrod Limited - Lead independent director appointment
09/09/201113:17 Redefine Properties Limited - Disposal to a related party and
09/09/201112:52TFS82- Toyota Financial Services (South Africa) (Proprietary) Limited -
09/09/201112:48TFS87- Toyota Financial Services (South Africa) (Proprietary) Limited -
09/09/201112:42INL/INP - Investec Limited/Investec plc - Form 8 (DD)
09/09/201112:42INL/INP - Investec Limited/Investec plc - Form 8 (DD)
09/09/201112:20 Vunani Limited - Vunani sets up Zimbabwe advisory business and
09/09/201112:12 Randgold & Exploration Company Limited - Results of the General
09/09/201112:00 Impala Platinum Holdings Limited - Zimbabwean Indigenisation and
09/09/201112:00 Vox Telecom - Posting Of Circular, Notice of Shareholders` Meeting and
09/09/201111:55 York Timber Holdings Limited - Director`s dealing in securities
09/09/201111:24 RMB Holdings Limited - Trading statement: Financial year ended 30
09/09/201111:20 Super Group Limited - Dealing in securities by Super Group share
09/09/201111:10 Old Mutual Plc - Publication of Euro Note Programme Prospectus
09/09/201110:56APKP - Astrapak Limited - Dividend declaration in respect of 364.932 cents per
09/09/201110:56NRD - Trackhedge (Proprietary) Limited - Distribution announcement -
09/09/201110:55RAFISA - NewFunds eRAFI(TM) Overall SA Index ETF Portfolio - Distribution
09/09/201110:54NFSH40 - NEWFUNDS SHARIAH TOP 40 INDEX ETF - Distribution announcement - salient
09/09/201110:53RAFFIN - Newfunds Erafi(Tm)Sa Financial 15 Index Etf - Distribution Announcement
09/09/201110:52NEWFSA - NEWFUNDS NEWSA Index Portfolio - Distribution announcement - Salient
09/09/201110:51RAFIND - Rafind NewFunds eRAFI(tm) SA industrial 25 index ETF -
09/09/201110:50RAFRES - NEWFUNDS eRAFI(TM) SA Resource 20 INDEX ETF - Distribution
09/09/201110:49 John Daniel Holdings Limited - Revised pro forma effects,
09/09/201110:34 Aquarius Platinum Limited - Notice of dividend currency exchange rates -
09/09/201109:50INL/INP - Investec - Rule 2.10 of the UK City Code on Takeovers and Mergers
09/09/201109:23PWK/PIK - Pick n Pay - Pick n Pay Regrets ACCC Appeal
09/09/201109:13CAT - Caxton and CTP Publishers and Printers Limited - Appointment of
09/09/201108:26 Resilient Property Income Fund Limited - Change to the Board of Directors
09/09/201108:20 Optimum Coal Holdings Limited - Disclosure of significant holding of
09/09/201108:05INL/INP - Investec Limited/Investec plc - Recommended Share Offer for The
09/09/201107:30 Allied Technologies Limited - Strategic investment in Altech
09/09/201107:10 British American Tobacco p.l.c - Transaction in own shares
09/09/201107:06 Coal of Africa Limited - Appendix 3B new issue announcement, application
09/09/201107:06PTXTEN - PropTrax Ten - Distribution announcement - Salient dates
09/09/201107:05 Coal of Africa Limited - Conversion of options and secondary trading
09/09/201107:05PTXSPY - PropTrax SAPY - Distribution announcement - Salient dates

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