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 The Sharenet Daily 
Wednesday, 14 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 and bonds fall further, stocks up

By Phumza Macanda and David Dolan

JOHANNESBURG (Reuters) - South Africa's rand weakened sharply against the dollar on Wednesday and looked set to test 2011 lows at 7.50 in the next few sessions, while bonds mirrored the currency's bearishness.

Johannesburg stocks rose for the second straight session, adding 1.6 percent, as investors returned to luxury goods maker Richemont and other recently battered firms.

The rand has already lost 2.5 percent this week. On Wednesday it was the worst performer of emerging market currencies tracked by Reuters and there might be no respite in the next few session, traders said.

By 1541 GMT, it was trading at 7.38 to the dollar, one percent weaker than Tuesday's New York close of 7.2995.

"There are too many gloomy signals from the global backdrop, with the focus closely on the euro zone," said Anisha Arora, emerging markets analyst at 4CAST.

"There is risk that dollar-rand could breach August highs around 7.500 with fresh negative news,"

Finance Minister Pravin Gordhan said South Africa was not in the same position as its BRICS partners who can afford to use reserves to buy debt of euro zone countries, a potentially bullish signal for the rand.

But the rand has strong support at 7.40 and a decisive break of this level could signal that further losses are in the offing.

Bond yields climbed further Wednesday, with the 2015 yield up 11.5 basis points to 6.96 percent after briefly hitting a fresh one-month low of 7.035 percent. The 2026 yield went up 2.5 basis points to 8.325 percent, off a session high of 8.445 percent.

"On a relative value basis, the panic selling is overdone in South Africa," said Di Luo, a fixed income strategist at HSBC in London. The steepening has created attractive entry levels and buying could resume when the currency weakness ebbs, she said.


Trade on the bourse was thin, as concern about the European debt crisis kept many equity investors on the sidelines.

"A lot of guys are seeing the dark clouds on the horizon, but at the same time, a lot of (investors) are not prepared to sit in cash, so you are seeing a constant to-and-fro," said Devin Shutte, a stock trader at Newstrading.

The JSE's Top-40 index of blue chips rose 1.6 percent to 27,153.95. It is down 5.2 percent so far this year.

As of Tuesday's close, the Top-40 was the best performer among the indexes of the BRICS countries, or Brazil, Russia, India and China, in local currency terms.

Brazil and India are both down nearly 20 percent, with China down 12 percent and Russia down 11 percent.

The JSE's broader All-share index rose 1.4 percent to 30,459.82.

Richemont, the maker of Cartier watches and Mont Blanc pens, jumped 5.9 percent to 401.4 rand. The company has been hit hard in recent weeks by the surge in the Swiss franc, which eats into its overseas profits.

As of Tuesday's close Richemont was still one of the worst performers on the Top-40 this month, falling 6.5 percent.

Junior broker Sasfin Holdings tumbled nearly 5 percent to 30.51 rand, making it the worst performer on Johannesburg's All-Share index, after it reported a 16 percent drop in full-year earnings, hurt by non-banking businesses such as property private equity.

A total of 255 million shares changed hands on the exchange, the slowest day of trade this week. Advancers outnumbered decliners by a ratio of 2 to 1, with 83 shares unchanged.

Wed, 14 Sep 2011
Top News
South Africa is confident that a recently launched bidding process for renewable energy will lead to the addition of 3,725 megawatts (MW)of green energy to the national grid by 2016, despite previous delays, a senior government official said.  Full story

Europe's debt woes have hurt demand and prompted fruit exporters in South Africa, the world's second-largest citrus fruit supplier, to seek new markets in Asia, an industry official said on Wednesday.  Full story
The United States gave Libya's new rulers a very visible show of support on Wednesday when a senior envoy visited the capital and praised their efforts to assert control of armed groups three weeks after Muammar Gaddafi was overthrown.  Full story
A car bomb targeting a popular restaurant killed 15 people and wounded dozens more in the southern Iraqi town of Hamza on Wednesday, police and hospital sources said.  Full story
U.S. envoys raced on Wednesday to try to revive Middle East peace talks and avert a Palestinian bid for United Nations membership, but a U.N. official said it was probably too late to stop the move opposed by Israel and the United States.  Full story
SA Business
Maize deliveries to South African silos rose to 8.777 million tonnes in the week to Sept 9, up from a revised 8.669 million tonnes in the week before, data showed on. . .  Full story
South Africa is undecided on buying euro bonds and is not in the same position as its partners in the BRICS grouping of emerging market powers who can afford to use. . .  Full story
South Africa's rand fell as much as 1.7 percent against the dollar in nervous trade on Wednesday ahead of more European talks about Greece's debt problems and amid concerns about weakening. . .  Full story

Brazil's proposal for BRICS countries to come to Europe's rescue by buying bonds is a well-intentioned but largely self-serving initiative that will enhance its. . .  Full story
The BRICS emerging economies are considering offering support to the euro area, possibly by buying bonds, although doubts emerged that a. . .  Full story
Bharti Airtel's entry into Rwanda's telecoms market should mean lower tariffs and a rise in mobile subscriber numbers, as the Indian. . .  Full story
The European Commission said on Wednesday it had no specific comment on reports that the world's largest emerging economies would discuss this month. . .  Full story

South Africa's Treasury said on Wednesday it would issue 1.1 billion randworth of the 2026 government bond and 1.O billion rand of the 2041 bond at a weekly debt auction next Tuesday.. . .  Full story
Company News
At the annual general meeting of Datatec Limited (JSE and LSE: DTC), held at 14h30 today, 14 September 2011, votes were. . .  Full story
At a general meeting held on 22 November 2005, the company's shareholders approved a BEE transaction ("the BEE transaction") pursuant to. . .  Full story
Further to the announcement made on 12 September 2011, Investec has now received an irrevocable undertaking from Landsdowne Partners to vote. . .  Full story
Further to an announcement released on SENS on 30 June 2011 relating to the posting of the annual report, linked unitholders. . .  Full story

Cadiz shareholders are advised that basic and diluted earnings and headline earnings per share for the six months ending 30 September. . .  Full story
Shareholders are referred to the announcement released on SENS on 25 August 2011, wherein the company declared a special dividend of. . .  Full story
Business Day reported that Nedbank has been named joint winner in the annual Ernst & Young excellence in corporate reporting survey,. . .  Full story
Business Report highlighted that FirstRand said it had enough cash for acquisitions and organic growth despite declaring a special dividend of. . .  Full story
Company Results
Interest and similar income declined by 2% to R38.2 billion (R38.8 billion). Net income from operations was up by 46% to. . .  Full story
Revenue for the year ended 30 June 2011 increased by R471.4 million (2010: R334.9 million). Gross profit was slightly lower at. . .  Full story
Revenue increased to AUD253 564 (AUD27 855). The net loss attributable decreased to AUD333 198 (loss of AUD553 571). The basic. . .  Full story
Revenue increased to R3.6 billion (R3 billion). Operating profit before depreciation declined to R276.6 million (R286.5 million). Net attributable profit decreased. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0030459.82427.111.42%
JSE Top 4017:0027153.95418.561.57%
JSE Gold17:002829.4344.121.58%
JSE Financial17:0021115.82156.150.75%
JSE Industrial17:0032388.14577.831.82%
JSE Indust 2517:0027251.24549.662.06%
JSE Resource17:0049274.88638.411.31%
DJ Futures20:0011144.00129.001.17%
DJ Ind19:4511227.47121.621.10%
SP 50020:001185.2412.371.05%
FTSE 10018:155227.0252.771.02%
All Ords08:404090.40-68.00-1.64%
NZSE 5007:463264.11.310.01%
NameTimeRPMove% Move
Gold/R kg20:0043438078031.83%
Brent Crude19:56111.34.080.07%
Rand / Dollar19:587.41640.12941.78%
Rand / Pound19:5511.65320.17341.51%
Rand / Euro19:5510.19220.21292.13%
Rand / NZD19:576.09200.09591.60%
Rand / AUD19:557.59630.06900.92%
Yen / Dollar19:5876.6500-0.2600-0.34%
Euro / Dollar19:550.7265-0.0041-0.56%
Dollar / Euro19:581.37480.00670.49%
Pound / Dollar19:550.63360.00020.03%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 AFOVR-N  150040036.36.%6500
2 REX-TRUE  160035028.00.%5000
3 MMG  1502116.28.%37500
4 VILLAGE  171127.55.%1777632
5 TELEMASTR  145107.41.%10000
6 PLATMIN  310206.90.%80534
7 SPANJRD  428276.73.%2600
8 REXTRU-N  16001006.67.%6000
9 ROLFES  250156.38.%173100
10 EASTPLATS  510306.25.%124856
11 RICHEMONT  40142245.91.%18493550
12 CIL  900505.88.%48800
13 SENTULA  230104.55.%69903
14 ANGLOPLAT  5461223114.42.%784554
15 STEINHOFF  2285904.10.%6009259
16 TSOGO-SUN  1640603.80.%1211400
17 DORBYL  280103.70.%238130
18 RMBH  2678933.60.%4624736
19 PREMIUM  1500503.45.%127
20 CITYLDG  63862083.37.%204603

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Major Moves Down
SharenameSaleMove% MoveVolume
1 MARSHALL  551-79-12.54.%44273
2 DIPULA-B  510-50-8.93.%391600
3 COMPCLEAR  300-20-6.25.%4800
4 BAUBA  200-10-4.76.%25000
5 SASFIN  3051-149-4.66.%1400
6 KEATON   261-9-3.33.%69825
7 GOLIATH  300-10-3.23.%23204
8 PARACON  175-5-2.78.%4937808
9 HULAMIN  662-18-2.65.%76205
10 AVUSA  2300-60-2.54.%14754
11 CBH  430-11-2.49.%118511
12 VIVIDEND  450-10-2.17.%54221
13 WINHOLD  150-3-1.96.%120000
14 MVELASERV  1111-19-1.68.%33039
15 AFGRI  590-10-1.67.%447052
16 ARCMITTAL  5710-95-1.64.%1087788
17 MMI-HLDGS  1650-27-1.61.%2179085
18 TRENCOR  3210-45-1.38.%42265
19 KELLY  370-5-1.33.%31800
20 ALTECH  5851-74-1.25.%25518

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New Highs
SharenameSaleHighMove% MoveVolume
1 AFOVR-N  1500150040036.36.%6500
2 REX-TRUE  1600160035028.00.%5000
3 SPANJRD  428428276.73.%2600
4 REXTRU-N  160016001006.67.%6000
5 HYPROP-CN  527252720.75000
6 EXXARO  1943419950-66-0.34.%1093262

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New Lows
SharenameSaleLowMove% MoveVolume
1 DIPULA-B  510510-50-8.93.%391600
2 SASFIN  30513051-149-4.66.%1400
3 NETCARE  13271285362.79.%2481091
4 HOLDSPORT  30152880903.08.%976481

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Index Summary
Index NameRPMove% Move
Top 4027,153.95418.561.57%
Mid Cap41,492.44318.500.77%
Small Cap31,113.7962.850.20%
Resource 2049,274.88638.411.31%
Industrial 2527,251.24549.662.06%
Financial 157,910.4373.510.94%
Financial & Ind. 3030,163.51506.771.71%
All Share30,459.82427.111.42%
Oil & Gas 25,323.68418.161.68%
Mining 32,339.97405.741.27%
Gold Mining2,829.4344.121.58%
Platinum Mining61.911.732.87%
GENERAL MINING7,809.0972.190.93%
Oil & Gas Producers 13,616.08224.841.68%
Basic Materials 27,390.30333.151.23%
Chemicals 12,491.5622.480.18%
Forestry & Paper 12,649.12196.781.58%
Industrial Metals 27,707.10137.290.50%
Industrials 26,925.24369.871.39%
General Industrials 75,168.961032.341.39%
Consumer Goods 27,191.75910.113.46%
Automobiles & Parts 3,602.75-43.03-1.18%
Household Goods145.2264.10%
Health Care 33,403.19163.350.49%
Index NameRPMove% Move
Food Producers 48,588.55182.800.38%
Personal Goods 400.9022.375.91%
Consumer Services 53,666.39633.631.19%
General Retailers 45,317.99555.551.24%
Travel & Leisure 3,618.30-7.70-0.21%
Support Services 2,203.70-8.36-0.38%
Telecommunications 67,407.38344.900.51%
Financials 21,115.82156.150.75%
Banks 40,220.75533.121.34%
Non-life Insurance 32,969.072.430.01%
Life Insurance 15,246.8828.710.19%
General Financial 2,137.4215.500.73%
Technology 22,906.04101.800.45%
SHARIAH TOP40 2,932.94361.25%
FTSE/JSE SHARIAH ALL2,999.79351.19%
COAL MINING26,358.51-79-0.30%
FTSE JSE Fledgling 4,487.36300.67%
FTSE/JSE Alt X 1,119.83121.09%
CAPPED PROPERTY 307.25-0.09%
RESOURCE 27,298.053571.33%
DIVIDEND PLUS166.9010.88%
FTSE/JSE RAFI 406,304.57901.44%
Capped Top 4014,302.762301.64%
Capped All Share15,398.892201.45%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
15 Sep 2011ADAPTITJune 2011 (Final)
15 Sep 2011BAUBAJune 2011 (Final)
15 Sep 2011JASCOJune 2011 (Final)
15 Sep 2011JASCOPJune 2011 (Final)
16 Sep 2011BIOSCIJune 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
ASPEN11-09-1311-10-0711-10-17R 1.0500
PETMIN11-09-1311-09-3011-10-10R 0.0400
FIRSTRAND11-09-1311-10-0711-10-17R 0.4600
FIRSTRAND11-09-1311-10-0711-10-17R 0.7000
SASOL11-09-1211-10-0711-10-17R 9.9000
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
DTCDatatec Ltd14/09/2011Confirmed
KELKelly Group Ltd16/09/2011Confirmed
AVUAvusa Ltd19/09/2011Confirmed

Stock Exchange News Service
14/09/201117:35 Cashbuild Limited - Trading Update
14/09/201117:30GEN - FTSE/JSE Africa Index Series - OneLogix Group Ltd (South Africa): Shares
14/09/201117:29GEN - FTSE/JSE Africa Index Series - Dialogue Group Holdings (South Africa):
14/09/201117:19 Redefine Properties Limited - Further cautionary announcement
14/09/201117:00 Datatec Limited - Report on proceedings at Annual General Meeting
14/09/201116:48 Metrofile Holdings Limited - Dealing in securities by directors
14/09/201116:26OML - Old Mutual plc - Form 8.3
14/09/201116:25OML - Old Mutual Plc - Form 8.3
14/09/201116:01 Shoprite Holdings Limited - Dealings in securities by directors
14/09/201116:00 Rand Merchant Insurance Holdings Limited - Summarised, audited results
14/09/201116:00 RMB Holdings Limited - Summarised, Audited Results Announcement, Cash
14/09/201115:45 Andulela Investment Holdings Limited - Trading statement
14/09/201115:35 OneLogix Group Limited - Conversion of shareholding of BEE Consortium
14/09/201115:30 Holdsport Limited - Trading statement
14/09/201115:28INL/INP - Investec Limited/Investec plc - Irrevocable undertakings and
14/09/201115:10 DRDGOLD Limited - Dealing in securities by a director
14/09/201115:09 Argent Industrial Limited - Dealing in securities by directors
14/09/201115:02 Acucap Properties Limited - Details of the annual general meeting
14/09/201114:29CPL/FFA/FFB - Capital Property Fund/Fortress Income Fund Limited Approval
14/09/201114:05 Combined Motor Holdings Limited- Changes to the board
14/09/201113:54INL/INP - Investec Limited/Investec plc - Form 8 (DD)
14/09/201113:53INL/INP - Investec Limited/Investec plc - Form 8 (DD)
14/09/201113:20 Exxaro Resources Limited - Trading of Exxaro ordinary shares on
14/09/201113:13BIIVU - iVuzi Investments Limited - Tap Issue and New Financial
14/09/201113:00 Cadiz Holdings Limited - Trading statement
14/09/201112:40OMLSTF - The Standard Bank of South Africa Limited - Dividend
14/09/201112:15 Country Bird Holdings Limited - Dealings in securities
14/09/201111:59SOLSTG - The Standard Bank of South Africa Limited - Dividend announcement
14/09/201111:58FSRSTF - The Standard Bank of South Africa Limited - Dividend announcement
14/09/201111:57SCIB: FSRSTF - The Standard Bank Of South Africa Limited - Special dividend
14/09/201111:22BIIVU - Ivuzi Investments Limited - Full Capital Redemption
14/09/201110:30 Chrometco Limited - Further cautionary announcement
14/09/201110:00 Cafca Limited - Unaudited Financial Results: Half Year Ended 30 June 2011
14/09/201110:00SFN - Sasfin Holdings Limited - Audited Group results and dividend
14/09/201109:55 Winhold Limited - Dealings in securities by a director
14/09/201109:50INL/INP - Investec Limited/Investec plc - Disclosure in accordance with
14/09/201109:45 Optimum Coal Holdings Limited - Finalisation Announcement- Special
14/09/201108:35 AFGRI Limited - Announcement relating to the disposal by GroCapital
14/09/201108:30 Village Main Reef Limited - Report for the three months ended 30 June 2011
14/09/201108:26HYP/HYPC - Hyprop Investments Limited - Dealings in securities
14/09/201107:15First Uranium Corporation - Fatality at Ezulwini Mine
14/09/201107:10 British American Tobacco p.l.c.- Transaction in own shares
14/09/201107:07 MMI Holdings Limited - MMI charts new vision
14/09/201107:07 Rolfes - Abridged Audited Consolidated Results for the year ended 30 June
14/09/201107:05 MMI Holdings Limited - Audited group results for the year ended 30 June
14/09/201107:05RAFRES - NEWFUNDS eRAFI(TM) SA Resource 20 INDEX ETF - Partial de-listing of

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