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 The Sharenet Daily 
Thursday, 15 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 bonds turn firmer, stocks jump nearly 2 pct

By Stella Mapenzauswa and David Dolan

JOHANNESBURG (Reuters) - South Africa's government bonds reversed losses on Thursday and yields fell as investors drifted back into local debt to snap up bargains following a couple of days of heavy selling when risk aversion hit emerging markets.

Stocks closed up nearly 2 percent after European support for Greece eased concern about a euro zone debt crisis and prompted investors to buy back battered shares such as Lonmin.

Renewed demand for local debt cushioned the rand, which hit a session low of 7.4825 before clawing back ground, also taking its cue from the euro which was boosted by news of central bank measures to ease a funding squeeze for European banks.

The yield on the four-year bond fell as much as 29 basis points to 6.67 percent earlier on Thursday and was last at 6.81 percent, down 15 basis points compared with Wednesday's close.

The yield on the bond due in 2026 was down 12.5 basis points at 8.2 percent.

"I'd say bonds are benefit ting from a rotation out of U.S. Treasuries. We are seeing signs of a decent correction there," said Sean Mccalghan, a market analyst at ETM.

"Foreigners are getting back to emerging market assets. We've had two days of strong outflows in bonds and foreigners have been selling into weakness but we think that sell-off has played out."

The Top-40 index of blue chips rose 1.97 percent to 27,689.51, its third straight gain and its highest close since Sept 1. The All-share index gained 1.77 percent to 30,998.05.

Shares of asset manager and investment bank Investec rose 1.6 percent after it said it expects flat first-half profit, easing concern that it might post a lower profit, as it did for the full year.

During an overnight conference call between the leaders of Germany, France and Greece, the core euro zone leaders reiterated support for Athens. That helped steady the local market and send investors back to beaten shares, said Abri du Plessis, Chief Investment Officer at Gryphon Asset Management in Cape Town.

"It's all about sentiment at this point in time. As soon as sentiment calms down we see the markets bounce," he said.

"The large-caps, they were hit the hardest. The commodities, your more cyclical sectors, there's still a lot of scope (for buying)."

The rand earlier hit a session trough of 7.4825 against the dollar before recovering to 7.3770 by 1628 GMT, up 0.24 percent from Wednesday's close.

"It's all down to the euro really today, that's where the volatility is coming from today,. up to the euro really," RMB trader Jim Bryson said

Traders said the rand was also boosted by an article in Financial Mail in which Reserve Bank Governor Gill Marcus all but ruled out aggressive currency intervention to weaken the rand, saying there were no guarantees such steps would work.

Aggressive foreign reserves accumulation by the Bank earlier this year helped cap strength in the rand, which hit its strongest level this year of 6.5410/dollar in early May.

On the bourse, Johannesburg-listed shares of Lonmin, the world's third-largest platinum miner, surged 4.5 percent to 142.90 rand. As of Wednesday's close, Lonmin was the worst performer on the Top-40 index, having lost a third of its value.

Rival platinum miner Impala Platinum rose 2.7 percent to 169.33 rand. Implats is down 29 percent this year, as of Wednesday's close.

Miners are seen as "cyclical" stocks, or highly sensitive to the economic cycle. Fears about an economic downturn will often lead to selling of cyclical stocks.

Trade was brisk, with 269 million shares changing hands, according to the latest available data at 1603 GMT.

Advancers outnumbered decliners by a ratio of more than 2 to 1, with 71 shares unchanged.

Thu, 15 Sep 2011
Top News
South Africa's Shoprite, the continent's biggest grocery retailer, acquired two supermarkets in Mauritius, it said on Thursday, as it increases its footprint in Africa.  Full story

South Africa's government bonds reversed losses on Thursday and yields fell as investors drifted back into local debt in search of bargains after a couple of days of heavy selling when risk aversion hit emerging markets.  Full story
Nicolas Sarkozy and David Cameron landed in Libya to a heroes' welcome on Wednesday, promising help for the new rulers that French and British air power helped to install and being told the favour may be repaid in business contracts.  Full story
An exit poll showed Denmark's Social Democrat-led opposition would win a majority of at least 90 seats in the 179-seat parliament on Thursday.  Full story
Two crew members died after a cruise liner caught fire off Norway's coast on Thursday, police said, in a blaze that forced rescuers to evacuate more than 200 passengers.  Full story
SA Business
South African energy minister Dipuo Peters said on Thursday she had signed off on a proposal for new nuclear power plants. . .  Full story
Impala Platinum, the world's second-largest producer of the precious metal, was meeting South Africa's main mine union on Thursday in the. . .  Full story
South Africa's Top-40 index blue-chip stocks rose in early afternoon trade on Thursday as investors bought everything from real estate firm. . .  Full story
South Africa's rand weakened against the dollar on Thursday and looked set to hit a new year above 7.50 rand/dollar while. . .  Full story

Two November arrival capesize cargoes of standard South African coal were sold to China this week at $131.00 a tonne CIF,. . .  Full story
South African logistics group Transnet plans to expand a rail line carrying manganese and designate a separate line leading to the. . .  Full story
South African investment bank and asset manager Investec said on Thursday it expects flat first-half profit, hit by higher bad debts. . .  Full story
There are no guarantees that strategies to weaken South Africa's rand would work and such options are limited now that the. . .  Full story

Brazil's proposal to support the crisis-hit euro zone garnered only lukewarm support from fellow BRICS countries on Wednesday, as doubts mounted whether the five emerging market powers have the political will or financial clout to throw a lifeline to Europe.. . .  Full story
Company News
Shareholders of GPI are referred to the announcements released by the company on SENS on 16 May 2011, in the press. . .  Full story
Shareholders are referred to the cautionary announcement issued on 25 May 2011, which was renewed on 7 July and 19 August. . .  Full story
Further to the announcement dated 9 September 2011, Implats confirms that the Zimbabwean Minister of Youth Development, Indigenisation and Empowerment (the. . .  Full story
Shareholders are hereby advised that the general meeting of Wesizwe shareholders was held today, 15 September 2011, at Glenhove Conference Centre,. . .  Full story

ELB is currently finalising its results for the year ended 30 June 2011, which should be released on SENS on or. . .  Full story
Shareholders were advised that the audited annual financial statements for the year ended 31 March 2011, posted on 15 September 2011. . .  Full story
Implats CEO David Brown said in an interview that "the threat of a licence cancellation is not there" regarding its operations. . .  Full story
Investec hosted an investor pre-close briefing at 9:00 (BST time) (10:00 South African time) on 15 September which focused on developments. . .  Full story
Company Results
Revenue increased to R460.7 million (R369 million). Gross profit rose to R87 million (R77.7 million) and operating profit before interest improved. . .  Full story
These are MMI's first final results following the merger of Momentum and Metropolitan and subsequent change in year-end. Net insurance premium. . .  Full story
Revenue of the year came in at R1.755 billion, operating profit was R70.2 million, while profit before taxation from continuing operations. . .  Full story
Revenue improved drastically to USD11.2 million (USD6.6 million) and operating profit doubled to USD1.1 million (USD525 000). Profit for the year. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0030998.05538.231.77%
JSE Top 4017:0027689.51535.561.97%
JSE Gold17:002800.00-29.43-1.04%
JSE Financial17:0021401.44285.621.35%
JSE Industrial17:0032968.50580.361.79%
JSE Indust 2517:0027809.66558.422.05%
JSE Resource17:0050314.561039.682.11%
DJ Futures19:5011305.00156.001.40%
DJ Ind19:4511376.11129.381.15%
SP 50020:001202.3913.711.15%
FTSE 10017:355337.54110.522.11%
All Ords08:364153.2062.801.54%
NZSE 5007:463272.50-12.90-0.39%
NameTimeRPMove% Move
Gold/R kg20:00423642-7968-1.85%
Brent Crude19:56114.633.453.10%
Rand / Dollar19:587.40180.01180.16%
Rand / Pound19:5511.66470.03920.34%
Rand / Euro19:5510.27290.11231.11%
Rand / NZD19:576.09230.04880.81%
Rand / AUD19:557.64380.05530.73%
Yen / Dollar19:5876.6700-0.0400-0.05%
Euro / Dollar19:550.7201-0.0074-1.02%
Dollar / Euro19:581.38860.01431.04%
Pound / Dollar19:550.6324-0.0018-0.28%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 AF-OVER  150057061.29.%1100
2 MARSHALL  6307914.34.%3971
3 HOLDSPORT  32001856.14.%528956
4 PALCAP  185105.71.%546470
5 PARACON  185105.71.%10000
6 LONMIN  142906194.53.%424775
7 MIXTEL  14064.48.%2770951
8 MUSTEK  564244.44.%237507
9 PSG  46801924.28.%61050
10 CALGRO  12554.17.%7783
11 SENTULA  23993.91.%2668701
12 S-OCEAN  13553.85.%14000
13 ASPEN  90883133.57.%1773008
14 AVENG  34991193.52.%1840197
15 CAPCO  2037683.45.%689388
16 KEATON   27093.45.%6824
17 TELEMASTR  15053.45.%1380
18 ASSORE  222257253.37.%258146
19 ANGLO  292509453.34.%8352034
20 IMPERIAL  118803803.30.%588822

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Major Moves Down
SharenameSaleMove% MoveVolume
1 SABLE  1325-165-11.07.%514
2 TRNSHEX  300-18-5.66.%80428
3 CADIZ  250-15-5.66.%31035
4 OCEANA  3600-177-4.69.%1398
5 JUBILEE  180-8-4.26.%85720
6 ARB  321-14-4.18.%20000
7 CLIENTELE  960-40-4.00.%1065
8 HARMONY  9301-304-3.17.%1615885
9 ADCORP  2543-52-2.00.%57716
10 PAN-AF  151-3-1.95.%1112525
11 DRDGOLD  393-7-1.75.%914257
12 BCX  521-9-1.70.%405327
13 GFIELDS  12327-198-1.58.%3816196
14 METAIR  1566-25-1.57.%92666
15 CITYLDG  6294-92-1.44.%21151
16 CLICKS  3913-57-1.44.%1515976
17 PERGRIN  1016-14-1.36.%53647
18 AFGRI  582-8-1.36.%79230
19 CAPEVIN  8000-100-1.23.%3987
20 ESORFRANK  163-2-1.21.%24350

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New Highs
SharenameSaleHighMove% MoveVolume
1 AF-OVER  1500150057061.29.%1100
2 LIB-HOLD  790079432102.73.%775878
3 MEDCLIN  33053305702.16.%378626
4 SABMILLER  26247263784371.69.%2993088
5 LIFEHC  19051908311.65.%8414902
6 BATS  32358326684031.26.%459984
7 ZURICHSA  22000220010.23893

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New Lows
SharenameSaleLowMove% MoveVolume
1 CADIZ  250250-15-5.66.%31035
2 AFROX  16681660-12-0.71.%155040
3 DIPULA-A  857857-2-0.23.%500000
4 KELLY  3702510.95770
5 TELKOM  33753301150.45.%2018791
6 RAUBEX  13121250272.10.%249141

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Index Summary
Index NameRPMove% Move
Top 4027,689.51535.561.97%
Mid Cap41,836.32343.880.83%
Small Cap31,117.333.540.01%
Resource 2050,314.561039.682.11%
Industrial 2527,809.66558.422.05%
Financial 158,029.24118.811.50%
Financial & Ind. 3030,752.79589.281.95%
All Share30,998.05538.231.77%
Oil & Gas 25,963.06639.382.52%
Mining 32,944.44604.471.87%
Gold Mining2,800.00-29.43-1.04%
Platinum Mining63.481.572.54%
GENERAL MINING8,015.47206.382.64%
Oil & Gas Producers 13,959.86343.782.52%
Basic Materials 27,889.56499.261.82%
Chemicals 12,465.50-26.06-0.21%
Forestry & Paper 12,902.11252.992.00%
Industrial Metals 28,065.35358.251.29%
Industrials 27,351.02425.781.58%
General Industrials 76,318.281149.321.53%
Consumer Goods 27,744.79553.042.03%
Automobiles & Parts 3,546.14-56.61-1.57%
Household Goods148.7132.40%
Health Care 34,050.50647.311.94%
Beverages 89.691.491.69%
Index NameRPMove% Move
Food Producers 48,703.13114.580.24%
Personal Goods 413.5912.693.17%
Consumer Services 54,200.38533.991.00%
General Retailers 45,769.28451.291.00%
Travel & Leisure 3,603.28-15.02-0.42%
Media 77.03.791.04%
Support Services 2,207.403.700.17%
Telecommunications 69,197.211789.832.66%
Financials 21,401.44285.621.35%
Banks 40,731.23510.481.27%
Non-life Insurance 32,859.95-109.12-0.33%
Life Insurance 15,505.52258.641.70%
General Financial 2,161.0623.641.11%
Technology 23,137.39231.351.01%
SHARIAH TOP40 2,994.19612.09%
FTSE/JSE SHARIAH ALL3,058.38591.95%
COAL MINING26,318.55-40-0.15%
FTSE JSE Fledgling 4,513.91270.59%
FTSE/JSE Alt X 1,124.8450.45%
RESOURCE 27,832.625351.96%
DIVIDEND PLUS168.5921.01%
FTSE/JSE RAFI 406,433.481292.04%
Capped Top 4014,577.702751.92%
Capped All Share15,668.652701.75%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
16 Sep 2011BIOSCIJune 2011 (Final)
16 Sep 2011DAWNJune 2011 (Final)
16 Sep 2011DAWNPPJune 2011 (Final)
16 Sep 2011HWANGEJune 2011 (Interim)
16 Sep 2011HWANGE-AJune 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
SASFIN11-09-1411-10-0711-10-17R 0.6900
ROLFES11-09-1411-10-1411-10-24R 0.0500
RMBH11-09-1411-10-0711-10-17R 0.5830
RMBH11-09-1411-10-0711-10-17R 0.9500
SASFIN-P11-09-1411-09-3011-10-10R 3.3473
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
KELKelly Group Ltd16/09/2011Confirmed
AVUAvusa Ltd19/09/2011Confirmed
RACPRECM - Calibre Ltd22/09/2011Confirmed
COLPColliers South Africa Holdings Ltd22/09/2011Confirmed
RACCRECM - Calibre Ltd22/09/2011Confirmed

Stock Exchange News Service
15/09/201117:02 Tradehold Limited - Dealing in securities by a director
15/09/201116:51FSRNNF - Nedbank Limited - Amendment Special Dividend Distribution Announcement
15/09/201116:45FSRNNF - Nedbank Capital - Amendment - Dividend distribution announcement
15/09/201116:25OML - Old Mutual Plc - Form 8.3
15/09/201116:18 Grand Parade Investments Limited - Results of General Meeting of
15/09/201116:15 British American Tobacco p.l.c. - Notification of transactions of
15/09/201115:40FFA/FFB - Fortress Income Fund Limited - Dealing in securities
15/09/201115:39FSRNIH - Nedbank - Special dividend distribution announcement in relation to the
15/09/201115:38FSRNIH - Nedbank Limited - Dividend distribution announcement in relation to the
15/09/201115:37FSRNNF - Nedbank Limted - Special Dividend Distribution announcement in relation
15/09/201115:36FSRNNF - Nedbank - Dividend distribution announcement in relation to the FSR
15/09/201115:12 Miranda Mineral Holdings Limited - Further cautionary announcement
15/09/201115:00 Bell Equipment Limited - Changes to commercial relationship with
15/09/201114:51 Illovo Sugar Limited - Appointment of Executive Director
15/09/201114:00 Impala Platinum Holdings Limited - Zimbabwean Indigenisation and
15/09/201114:00 Accentuate Limited - Trading statement
15/09/201113:53 Marshall Monteagle Plc - Dealing in securities by directors
15/09/201113:04 AH-VEST Limited - Renewal of cautionary announcement
15/09/201113:02 Wesizwe Platinum Limited - Results of the Wesizwe General Meeting
15/09/201112:41INL/INP - Investec Limited/Investec plc - Form 8 (DD)
15/09/201112:34INL/INP - Investec Limited/ Investec plc - Form 8 (DD)
15/09/201112:29ELR/ELRP - ELB Group Limited - Trading Statement
15/09/201112:08 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
15/09/201112:06 Super Group Limited - Dealing in securities by Super Group Share
15/09/201111:54 Omnia Holdings Limited - Dealing in securities
15/09/201111:34 William Tell Holdings Limited - Change to the board of directors
15/09/201111:30 Wescoal Holdings Limited - No change statement and notice of
15/09/201111:22PC2A4 - Private Commercial Mortgages (Pty) Limited - Partial Capital Redemption
15/09/201111:17 Ububele Holdings Limited - Reviewed Provisional Financial Statements
15/09/201111:05BD311A - Blue Diamond Investments No.3 (Pty) Ltd - Partial Capital Repayment
15/09/201111:00 African Eagle Resources plc - Appointment of a New CEO
15/09/201110:14 Metrofile Holdings Limited - Dealings in securities by directors
15/09/201110:13 Firestone Energy Limited - Notification Under Section 708A(5)(E) of the
15/09/201109:50INL/INP - Investec Limited/Investec plc - Investec - pre-close briefing
15/09/201109:36 Ububele Holdings Limited - Renewal of cautionary announcement
15/09/201109:30INL/INP - Investec Limited/ Investec plc - Disclosure in accordance with Rule
15/09/201108:29 Firestone Energy Limited - Negotiation of Significant Agreement
15/09/201108:00 Datatec Limited - Interim earnings up more than 33% and interim capital
15/09/201108:00 Central Rand Gold Limited - Completion of double void study
15/09/201108:00 Mvelaserve Limited - Reviewed condensed consolidated financial results
15/09/201107:10 British American Tobacco p.l.c - Transaction in own shares
15/09/201107:10 Anglo American plc - Treasury Shares - Transfers
15/09/201107:05 Total Client Services Limited - Disclosure of disposal of securities

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