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 The Sharenet Daily 
Tuesday, 13 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 off 5-week lows, bonds weaken

By Phumza Macanda and David Dolan

JOHANNESBURG (Reuters) - South Africa's rand gained against the dollar on Tuesday, bouncing from 5-week lows as exporters came in the market and sentiment towards risky assets improved in late trade.

Stocks rose for the first time in three sessions as FirstRand finished up nearly 3 percent after South Africa's second-largest bank said it would pay a special dividend.

Wide gyrations were the order of the day on both the rand and bonds as investors wavered between taking on or dumping risky assets.

Reports that the BRICS (Russia, Brazil, India, China and South Africa) group of emerging countries could possibly buy euro zone sovereign debt helped risk appetite but market players were still nervous.

Finance Minister Pravin Gordhan will brief the media around 0645 GMT Wednesday, and the market will watch for any comments on whether South Africa is contemplating buying euro zone debt.

South African government bonds weakened sharply, with yields rising by more than 30 basis points to multi-week highs at one stage, hit by profit-taking after strong gains in the previous weeks.

Those sharp losses could be temporary though, and bonds may consolidate, because data from the Reserve Bank showed the pace of spending in the economy slowed, which suggests that another rate cut could very well be on the cards.

The rand was trading at 7.33 to the dollar at 1535 GMT, 0.8 percent firmer than Monday's New York close of 7.4050.

The rand flirted with the 2011 low at 7.50 overnight, falling to 7.4750 on heightened risk appetite.

Exporters took advantage of those levels to sell dollar, capping rand losses especially around the 7.40 area.

A close below 7.30 could be an indication that the rand's fall may have been overdone and it could retrace back to the early 7.20, said Ion de Vleeschauwer, chief dealer at Bidvest.

Citi said in a note to clients the rand looked oversold and its fair-value level at 7.23 although further risk aversion would adjust that to a weaker level.


Investors returned to shares of Shoprite and other index heavyweights that had been hit in the previous session's sell-off, although nervous sentiment capped wider gains.

The Top-40 index of blue chips was up 0.8 percent at 26,735.39, while the broader All-Share index ended 0.6 percent higher at 30,032.71.

"FirstRand, with the special dividend that seemed to help it quite a bit and banks did relatively better today compared to the rest of the market," said Mitchell Gannaway, a trader at Thebe Securities.

"There just doesn't seem to be any straight direction for the market ... With volatile markets like this, you've got to get out quickly before it turns."

FirstRand rose 2.7 percent to 20.70 rand, the bank said it would pay a special dividend of 70 cents per share after selling off stakes in two insurance units. It also posted a 22 percent rise in full-year profit.

Generic drugs maker Aspen Pharmacare rose 2 percent to 88.80 rand after the company reported a 20 percent rise in profit and said it could spend up to $800 million on an acquisition.

On fixed income, the yield on the 2015 bond was up 15.5 basis points on the day at 6.845, after spiking to 7.01 percent earlier.

The 2026 yield went up 14 basis points on the day to 8.30 percent, also off a session high of 8.5 percent.

"There's some portfolio shifting going on after that unbelievable rally. People are going to equities but you can expect bonds to gain again once you see equities falling," Bidvest's de Vleeschauwer said.

The yield curve has flattened by between 30 and 50 basis points in the past two months, on rising expectations that the Reserve Bank may cut interest rates further from 30 year-lows given the weak global and local economy.

Tue, 13 Sep 2011
Top News

A sharp decline in bad debts propelled South Africa's FirstRand to a 22 percent jump in full-year profit, the latest sign banks in Africa's top economy are recovering from a recession-driven credit strain.  Full story
Taliban fighters fired rockets at the U.S. Embassy and NATO headquarters in Kabul on Tuesday and attacked police in three other areas in the biggest assault the insurgent group has mounted on the Afghan capital.  Full story
Pakistan's Taliban claimed responsibility for an attack on a school bus on Tuesday which killed five people, saying the children on the bus were from a pro-government tribe.  Full story
SA Business
. . .  Full story
South Africa's National Union of Mineworkers (NUM) said on Tuesday it had declared a wage dispute with DRDGold, the nation's fourth. . .  Full story
The pace of spending in South Africa's economy slowed sharply in the second quarter, partly as household consumption eased, but investment. . .  Full story
The leader of South Africa's National Union of Mineworkers (NUM) said on Tuesday that a strike-averting wage settlement with the world's. . .  Full story

South Africa's rand extended its gains against the dollar on Tuesday, bouncing from five-week overnight lows as exporters came into the. . .  Full story
South African state-owned freight logistics group Transnet is not under pressure to go and borrow in international capital markets and may. . .  Full story
South African government bonds fell sharply in volatile trade on Tuesday and yields soared as much as 34 basis points as. . .  Full story
South Africa exported 9,056 tonnes of white maize last week compared with 9,708 tonnes in the previous week, the South African. . .  Full story

Zimbabwe and Zimplats, the local unit of the world's second-largest platinum producer Impala Platinum, said on Tuesday they had agreed to produce a revised plan for a law requiring mining firms. . .  Full story
South Africa's National Union of Mineworkers expects commodities giant Glencore to respect job security and employee ownership plans if it takes controlling interest in Optimum Coal, NUM General Secretary Frans Baleni. . .  Full story
South African benchmark stocks turned negative in midmorning trade on Tuesday, tracking European equities on resurgent worries about the region's debt problems.. . .  Full story
Company News
Shareholders were advised that Thabex is currently finalising its results for the year ended 28 February 2011. Accordingly, a review of. . .  Full story
The board would like to advise shareholders that the basic earnings per linked unit have decreased from 8.40 cents at 30. . .  Full story
Shareholders were advised that, at the annual general meeting of the company convened on Tuesday, 13 September 2011 (in terms of. . .  Full story
Holders of ordinary shares in the company were advised that Investec Bank Ltd ("IBL") has acquired shares in the open market. . .  Full story

The board of directors of Colliers announced the appointment of Mr Wayne P Alcock to the board as chairman with immediate effect. Wayne is currently a non-executive director of Colliers.. . .  Full story
Further to the cautionary announcement dated 30 September 2010 and subsequent renewal of cautionary announcements, the last of which was dated 29 July 2011, shareholders were advised that negotiations are still. . .  Full story
Aspen increases revenue by 29 percent to R12.4 billion Johannesburg - JSE Ltd listed Aspen Pharmacare Holdings Limited, the leading pharmaceutical manufacturer in the southern hemisphere, has produced excellent results for. . .  Full story
Company Results
Turnover by more than 15% to R142.4 billion (R122.3 billion). Gross profit rose to R52 billion (R43.1 billion) and operating profit. . .  Full story
Revenue improved to GBP79.2 million (GBP68.5 million) and mining profit rose to GBP30.8 million (GBP24.7 million). Profit attributable to owners of. . .  Full story
Rainbow announce that it has concluded an agreement to acquire the poultry processing operations of Bush Valley Chickens, located near Tzaneen. . .  Full story
Revenue for the year increased by 43.5% to R2.4 billion (2010: R1.7 billion). Operating profit rose to R232.9 million (2010: R147.9. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0030032.71176.960.59%
JSE Top 4017:0026735.39199.110.75%
JSE Gold17:002785.31-43.20-1.53%
JSE Financial17:0020959.67226.691.09%
JSE Industrial17:0031810.3116.590.05%
JSE Indust 2517:0026701.5815.310.06%
JSE Resource17:0048636.47501.431.04%
DJ Futures19:3611020.00-6.00-0.05%
DJ Ind19:4511117.3956.270.51%
SP 50020:001173.4011.130.96%
FTSE 10017:355174.2544.630.87%
All Ords08:394158.4033.300.81%
NZSE 5007:463285.40-38.53-1.16%
NameTimeRPMove% Move
Gold/R kg20:00431167-5367-1.23%
Brent Crude19:56112.18-.04-0.04%
Rand / Dollar19:597.2930-0.1123-1.52%
Rand / Pound19:5511.4983-0.2146-1.83%
Rand / Euro19:5510.0079-0.1111-1.10%
Rand / NZD19:586.0221-0.0833-1.36%
Rand / AUD19:557.5375-0.1315-1.71%
Yen / Dollar19:5976.8600-0.2500-0.32%
Euro / Dollar19:550.7281-0.0037-0.51%
Dollar / Euro19:571.37200.00590.43%
Pound / Dollar19:550.63190.00160.25%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 WITSGOLD  467559514.58.%100
2 CMH  121511510.45.%3558
3 WILDRNESS  465409.41.%80
4 URONE  18151488.88.%22017
5 DELTA  800608.11.%3890
6 CALGRO  12087.14.%17000
7 ROLFES  235156.82.%72641
8 RAINBOW  16751056.69.%1013
9 AVUSA  23601205.36.%9765
10 VERIMARK  16074.58.%9400
11 ARM   190008214.52.%386064
12 MONDIPLCP  61032233.79.%833455
13 EXXARO  195007083.77.%1131754
14 PBT  14553.57.%67694
15 ESORFRANK  16553.13.%743160
16 MIXTEL  13443.08.%167366
17 PETMIN  28082.94.%730654
18 MONDILTDP  60651652.80.%303512
19 FIRSTRAND  2060552.74.%23241553
20 PNR-FOODS  61081442.41.%36828

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Major Moves Down
SharenameSaleMove% MoveVolume
1 RANGOLD  225-39-14.77.%10804
2 BAUBA  210-25-10.64.%276314
3 EASTPLATS  480-45-8.57.%188322
4 COMAIR  200-10-4.76.%59406
5 S-OCEAN  130-6-4.41.%111132
6 WESIZWE  185-8-4.15.%370829
7 ALTRON-P  2372-79-3.22.%15291
8 MARSHALL  630-20-3.08.%424
9 WOOLIES  3666-114-3.02.%8067384
10 AMA  178-5-2.73.%29966
11 PREMIUM  1450-40-2.68.%50884
12 EQSTRA  720-19-2.57.%158866
13 HOSP-B  585-15-2.50.%317263
14 AFGRI  600-15-2.44.%253780
15 SENTULA  220-5-2.22.%16038
16 KEATON   270-6-2.17.%32477
17 SOVFOOD  470-10-2.08.%1875
18 CBH  441-9-2.00.%87172
19 PAN-AF  151-3-1.95.%2283869
20 ANGGOLD  33350-650-1.91.%1592349

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New Highs
SharenameSaleHighMove% MoveVolume
1 EXXARO  19500196457083.77.%1131754
2 DRDGOLD  396410-4-1.00.%1443731

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New Lows
SharenameSaleLowMove% MoveVolume
1 EASTPLATS  480475-45-8.57.%188322
2 COMAIR  200200-10-4.76.%59406
3 HOSP-A  127012500.12500
4 AFROX  168116800.111151
5 RAUBEX  129012650.987367
6 HOLDSPORT  292529000.533196
7 MVELASERV  113010500.198065
8 AQUARIUS  2545244840.16.%92187

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Index Summary
Index NameRPMove% Move
Top 4026,735.39199.110.75%
Mid Cap41,173.94-78.23-0.19%
Small Cap31,050.94-81.04-0.26%
Resource 2048,636.47501.431.04%
Industrial 2526,701.5815.310.06%
Financial 157,836.92107.001.38%
Financial & Ind. 3029,656.74174.440.59%
All Share30,032.71176.960.59%
Oil & Gas 24,905.52491.932.01%
Mining 31,934.23252.100.80%
Gold Mining2,785.31-43.20-1.53%
Platinum Mining60.18-.24-0.40%
GENERAL MINING7,736.90124.931.64%
Oil & Gas Producers 13,391.24264.502.01%
Basic Materials 27,057.15234.570.87%
Chemicals 12,469.0812.250.10%
Forestry & Paper 12,452.34261.432.14%
Industrial Metals 27,569.81494.271.83%
Industrials 26,555.3725.620.10%
General Industrials 74,136.62152.560.21%
Consumer Goods 26,281.6487.530.33%
Automobiles & Parts 3,645.78.000.00%
Household Goods139.5011.01%
Health Care 33,239.84105.210.32%
Beverages 85.96-.04-0.05%
Index NameRPMove% Move
Food Producers 48,405.75528.691.10%
Personal Goods 378.532.000.53%
Consumer Services 53,032.76-319.65-0.60%
General Retailers 44,762.44-390.82-0.87%
Travel & Leisure 3,626.003.120.09%
Media 75.15-1.05-1.38%
Support Services 2,
Telecommunications 67,062.48-320.12-0.48%
Financials 20,959.67226.691.09%
Banks 39,687.63648.221.66%
Non-life Insurance 32,966.64-12.13-0.04%
Life Insurance 15,218.17228.941.53%
General Financial 2,121.926.110.29%
Technology 22,804.24215.340.95%
SHARIAH TOP40 2,896.82230.81%
FTSE/JSE SHARIAH ALL2,964.47210.72%
COAL MINING26,437.438173.19%
FTSE JSE Fledgling 4,457.70-5-0.11%
FTSE/JSE Alt X 1,107.73-17-1.47%
CAPPED PROPERTY 307.53-0.12%
RESOURCE 26,940.832560.96%
DIVIDEND PLUS165.4400.13%
FTSE/JSE RAFI 406,214.82510.83%
Capped Top 4014,072.44950.68%
Capped All Share15,178.96850.57%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
14 Sep 2011COMAIRJune 2011 (Final)
14 Sep 2011COMAIRNJune 2011 (Final)
14 Sep 2011MMI HLDGSJune 2011 (Final)
14 Sep 2011PINNACLEJune 2011 (Final)
14 Sep 2011RMBHJune 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
BEE-SASOL11-09-1211-10-0711-10-17R 9.9000
EOH11-09-1211-10-2111-10-31R 0.4800
SASOL11-09-1211-10-0711-10-17R 9.9000
ASTRAPAKP11-09-0911-09-3011-10-10R 3.6493
MWNT11-09-0911-09-1611-09-30R 55.0000
Ex Div**
Share NameDec-DateLDTPay-DateAmount
IMPLATS11-08-2511-09-0911-09-19R 4.2000
MTN GROUP11-08-1711-09-0911-09-19R 2.7300
ASSORE11-08-2511-09-0911-09-19R 2.5000
SHOPRIT11-08-2311-09-0911-09-19R 1.6500
MASSMART11-08-2511-09-0911-09-19R 1.3400

Upcoming AGMs**
CodeCompany NameDateStatus
MIXMiX Telematics Ltd13/09/2011Confirmed
DTCDatatec Ltd14/09/2011Confirmed
KELKelly Group Ltd16/09/2011Confirmed
AVUAvusa Ltd19/09/2011Confirmed

Stock Exchange News Service
13/09/201117:45 Pinnacle - Revised Trading Statement
13/09/201117:17 Buildmax Limited - Trading statement
13/09/201116:35 Capital Shopping Centres Group Plc - Notification of transactions of
13/09/201116:27 Thabex Limited - Trading statement
13/09/201116:25OML - Old Mutual plc - Form 8.3
13/09/201116:12 Orion Real Estate Limited - Trading update
13/09/201116:06 MiX Telematics Limited - Results of Annual General Meeting
13/09/201116:05BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument
13/09/201115:35 Vox Telecom Limited - Acquisition of ordinary shares by Investec
13/09/201115:30 Reinet Investments S.C.A. Depositary Receipts - Reinet Annual General
13/09/201115:29 Colliers South Africa Holdings Limited - Appointment of Chairman
13/09/201115:24CLN199 - The Standard Bank of South Africa Limited - New Financial Instrument
13/09/201115:23CLN198 - The Standard Bank of South Africa Limited - New Financial Instrument
13/09/201115:12GRA289 - Grayston Conduit 1 (Proprietary) Limited - New Financial
13/09/201114:58 Thabex Limited - Renewal of cautionary announcement
13/09/201114:49 Exxaro - Trading of Exxaro ordinary shares on behalf of the Exxaro
13/09/201114:46 African Brick - Cautionary announcement
13/09/201114:04 Argent Industrial Limited - Dealing in securities by director
13/09/201114:03INL/INP - Investec Limited/Investec plc - Form 8 (DD)
13/09/201113:24 York Timber Holdings Limited - Director`s dealing in securities
13/09/201113:01 Aspen Pharmacare Holdings Limited - Press release
13/09/201113:00 Aspen Pharmacare Holdings Limited ("Aspen") - Reviewed preliminary
13/09/201113:00 Forbes & Manhattan Coal Corp - Forbes Coal reports record export sales of
13/09/201112:58FSRIHH - Investec Warrants - Declared final dividend and special dividend
13/09/201112:28INL/INP - Investec - Form 8 (DD)
13/09/201112:27 Omnia Holdings Limited - Dealing in securities
13/09/201112:15 Metrofile Holdings Limited - Grant and acceptance of rights to
13/09/201112:00 Comair Limited - Audited abridged group results for the year
13/09/201111:18 Tawana Resources NL - Financial report for the half-year ended
13/09/201109:50INL/INP - Investec Limited/Investec plc - Disclosure in accordance with Rule
13/09/201109:25BIIND - iNdwa Investments Limited - Full Capital Redemption
13/09/201109:01 Petmin Limited - Dividend Announcement
13/09/201108:56 Petmin Limited - Appointment of director
13/09/201108:54 Petmin Limited - Petmin sells SamQuarz silica mine and withdrawal of
13/09/201108:51 Petmin Limited - Condensed Preliminary Consolidated Financial Statements
13/09/201108:03 Trans Hex Group Limited - Renewal of cautionary announcement relating to
13/09/201108:00 FirstRand Limited - Audited results and cash and special dividend
13/09/201107:10 British American Tobacco p.l.c - Transaction in own shares
13/09/201107:06 Growthpoint Properties - Dealing in securities by company secretary
13/09/201107:05BIIND - iNdwa Investments Limited - Listing of New Financial Instrument
13/09/201107:05BIPINF - Bips Government Inflation Linked Bond Fund - Partial delisting

Click here for more SENS news