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 The Sharenet Daily 
Friday, 16 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 weaker vs dollar, stocks at two-wk high

By Phumza Macanda and David Dolan

JOHANNESBURG (Reuters) - South Africa's rand ended the week on a bearish note on Friday, but bonds recovered somewhat after a sharp sell-off seen as overdone earlier in the week.

Domestic stocks inched to their highest close in two weeks, rising 0.13 percent as gains in Harmony Gold and other miners offset a downturn in banks.

Trade was subdued ahead of the weekend and after the settlement of September index futures on Thursday.

While investors remain skittish on concerns about the euro zone debt crisis, signals of support for Greece this week helped South African stocks make up for some of their recent steep losses.

That trend could continue next week, said Menelaos Hatziandreou, a trader at BP Bernstein.

"People are still very cautious but I expect a bit of a rally in the next few sessions because the guys want to create new positions after the futures close-out yesterday," he said.

The rand was trading at 7.43 against the dollar at 1545 GMT, 0.5 percent weaker than Thursday.

"There's still a lot of nervousness in the market and guys are not taking new positions. Exporter interest at 7.45 and importer interest at 7.38/40 has kept it within a range," said Ion de Vleeschauwer, chief dealer at Bidvest Bank.

The rand fell to 7.4825 on Thursday, flirting with this year's low of 7.50. The two attempts to break 7.50 have some dealers betting the rand might go back to the 7.30's but trading has been highly volatile.

IFR, a Thomson Reuters markets and analysis service, said there was scope for the rand to retest 7.50.


On the bourse, the Top-40 index of blue chips edged up 0.13 percent to 27,726.22, its highest finish since Sept 1.

The broader All-share index added 0.17 percent to 31,051,35.

Gold miners were lifted after the precious metal bounced back from a two-week low. Harmony Gold, the world's fifth-largest producer of the precious metal, rose 4.1 percent to 96.80 rand.

AngloGold Ashanti, the world's third-largest gold producer, gained 2 percent.

But banks were weaker, giving up their gains from the previous session. Standard Bank, Africa's largest lender by assets, fell 2.1 percent to 96.68 rand.

Trade was relatively subdued, with 231 million shares changing hands, according to the latest data available from the exchange.

The 200-day simple moving average of volume on the Johannesburg exchange is around 242 million share a day.

A total of 148 shares gained, 119 declined and 67 were unchanged.

Next week, traders will be focusing on the Reserve Bank rates decision on Thursday and CPI inflation data on Wednesday.

Yields were off multi-week lows, with the 2015 yield down three basis points to 6.78 percent and that on the 2026 note steady at 8.20 percent.

Should the central bank next week sound even more pessimistic about local growth, bonds may gain more as the market braces for another rate cut.

Analysts in a Reuters poll said the FRA market -- which sees a 50 percent rate cut chance -- has run ahead of itself and rates will stay flat next week and way into next year.

Fri, 16 Sep 2011
Top News
South Africa plans to give a tax allowance to companies that save energy in a bid to reduce greenhouse gas emissions, the Department of Energy said on Friday.  Full story

Revenue increased to USD38 million (USD29.9 million). Gross profit declined to USD3.2 million (USD6.6 million), but the net attributable loss for the period narrowed to USD30.8 million (loss of US56.7 million). In addition, the basic and diluted loss per common share was smaller at USD15c (l  Full story
Diehard loyalists of Muammar Gaddafi threw rockets, mortars and heavy gunfire at Libyan fighters who pushed into two besieged towns on Friday in a bid to end months of civil war and capture key figures from the old ruling system.  Full story
Denmark's prime minister-elect, Helle Thorning-Schmidt, said on Friday she expected to form a new government quickly, bringing together a disparate "Red bloc" that ended 10 years of centre-right rule in a voter backlash over the economic downturn.  Full story
Pakistani Prime Minister Yusuf Raza Gilani has cancelled a visit to the United States to attend the U.N. General Assembly session to direct relief efforts as floods devastate southern Pakistan, his office said on Friday.  Full story
SA Business
South Africa's main mine workers union said on Friday separate wage talks with Exxaro Resources and Impala Platinum, the world's second-largest platinum producer, had deadlocked but strike action was not imminent.. . .  Full story
South Africa auctioned 3.825 billion rand worth of three-month Treasury Bills on Friday at an average yield of 5.48 percent from 5.5 percent last week.. . .  Full story
South African government bonds edged higher on Friday and yields were off multi-week highs as investors ventured back into local debt ahead of what is likely to be a dovish pronouncement. . .  Full story

Bond fund managers who have been banking on deep interest rate cuts in emerging markets risk disappointment as steep falls in currencies and. . .  Full story
South African bond prices could rise further before the end of the year, especially if the rand continues well-supported, and this week's rise. . .  Full story
Africa's Christmas sales appear to be starting early this year.. . .  Full story
South Africa sold just 95 million rand out of the 600 million rand on offer at a weekly auction of its. . .  Full story
Company News
Fiuranium announced that it has received a letter from the South African Minister of Mineral Resources purporting to "withdraw" the new. . .  Full story
Furanium announced that the notice temporarily suspending operations in the underground workplaces at its Ezulwini Mine has been lifted. The notice. . .  Full story
Shareholders are hereby advised that Yield Chemicals Group (Pty) Ltd ("the Purchaser" or "Yield Chemicals Group"), a subsidiary of the company,. . .  Full story
Mr U J van der Walt has resigned as a non-executive director of Vukile with immediate effect.. . .  Full story

According to Business Day, Old Mutual's UK-based fund-management business, Skandia, aims to increase assets under management. Chief investment officer James Millard says Skandia wants to double assets under management worldwide in. . .  Full story
Business Day quoted Investec plc and Investec Ltd ("Investec") CEO Stephen Koseff as saying that the banking group could claim to be one of Europe's dominant private and investment banks after. . .  Full story
Further to the final cash dividend declared on 25 August 2011 and payable on 19 September 2011, notice of which was released on SENS on 25 August 2011, the rand to. . .  Full story
Company Results
Revenue amounted to R4.4 billion for Mvelaserve's maiden final results as a listed company. Profit from operations before exceptional items was. . .  Full story
Revenue from continuing operations was up to R547.2 million (June 2010: R482 million). Gross profit increased to R169.9 million (June 2010:. . .  Full story
Revenue for the year ended 30 June 2011 increased by 4.8% to R3.8 billion (2010: R3.6 million). Gross profit grew by. . .  Full story
Revenue increased to R5 billion (R3.2 billion). Gross profit rose to R744.4 million (R479.6 million) and EBITDA improved by more than. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0031051.3553.300.17%
JSE Top 4017:0027726.2236.710.13%
JSE Gold17:002860.8860.882.17%
JSE Financial17:0021273.61-127.83-0.60%
JSE Industrial17:0032984.8616.360.05%
JSE Indust 2517:0027801.45-8.21-0.03%
JSE Resource17:0050642.35327.790.65%
DJ Futures19:5611395.0013.000.11%
DJ Ind19:4511482.4549.270.43%
SP 50020:001211.542.430.20%
FTSE 10017:355368.4130.870.58%
All Ords08:384229.9076.701.85%
NZSE 5007:463292.6815.980.49%
NameTimeRPMove% Move
Gold/R kg20:0043396993212.19%
Brent Crude19:56114.56-.39-0.34%
Rand / Dollar19:597.46330.09301.26%
Rand / Pound19:5511.73590.10680.92%
Rand / Euro19:5510.26910.01850.18%
Rand / NZD19:586.19400.12242.02%
Rand / AUD19:557.72350.08331.09%
Yen / Dollar19:5976.88000.19000.25%
Euro / Dollar19:550.72500.00490.68%
Dollar / Euro19:591.3785-0.0093-0.67%
Pound / Dollar19:550.6327-0.0001-0.02%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 AFRO-C  2082815.56.%123380
2 EASTPLATS  553418.01.%89723
3 ANOORAQ  510367.59.%25922
4 EQSTRA  770466.35.%1113255
5 TRENCOR  34002006.25.%4409
6 AQUARIUS  27491616.22.%6448
7 MMG  16095.96.%56000
8 AVUSA  24001255.49.%7338
9 NEPI  34001705.26.%13025
10 PINNACLE  905455.23.%1103647
11 TRNSHEX  314144.67.%119362
12 HARMONY  96803794.07.%1004931
13 TSOGO-SUN  1737674.01.%646592
14 CADIZ  260104.00.%63800
15 RBPLAT  60782283.90.%172616
16 BASREAD  1345503.86.%252571
17 GROUP-5  2690943.62.%143232
18 MVELAGRP  359123.46.%2557
19 HYPROP-CN  54501803.42.%15200
20 HOLDSPORT  33001003.13.%17007

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Major Moves Down
SharenameSaleMove% MoveVolume
1 OMNIA  7401-429-5.48.%39060
2 SENTULA  226-13-5.44.%1510513
3 FREEWORLD  870-50-5.43.%108
4 HOSP-B  545-29-5.05.%40235
5 PALCAP  176-9-4.86.%1800
6 CIL  860-40-4.44.%200
7 PARACON  178-7-3.78.%3000
8 PETMIN  270-10-3.57.%508499
9 OCTODEC  1650-55-3.23.%14039
10 ROLFES  242-8-3.20.%26500
11 CBH  415-13-3.04.%24356
12 LIFEHC  1851-54-2.83.%4600369
13 RA-HOLD  390-9-2.26.%3292
14 STEINHOFF  2290-50-2.14.%6346107
15 STANBANK  9668-211-2.14.%4013724
16 NORTHAM  3477-65-1.84.%545458
17 FIRSTRAND  2060-36-1.72.%14902237
18 ASPEN  8933-155-1.71.%868754
19 TRADEH  580-10-1.69.%5000
20 NEDCOR  13674-226-1.63.%702675

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New Highs
SharenameSaleHighMove% MoveVolume
1 HYPROP-CN  545054501803.42.%15200
2 HOLDSPORT  330033001003.13.%17007
3 MUSTEK  574579101.77.%242250
4 SHOPRIT  1152911938-16-0.14.%1207918
5 MEDCLIN  33003400-5-0.15.%508542
6 REMGRO  1153011670-21-0.18.%1172400

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New Lows
SharenameSaleLowMove% MoveVolume
1 SASFIN  30502951-50-1.61.%97073
2 AFROX  16561656-12-0.72.%110870

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Index Summary
Index NameRPMove% Move
Top 4027,726.2236.710.13%
Mid Cap41,987.72151.400.36%
Small Cap31,262.12144.790.47%
Resource 2050,642.35327.790.65%
Industrial 2527,801.45-8.21-0.03%
Financial 157,962.80-66.44-0.83%
Financial & Ind. 3030,659.04-93.75-0.30%
All Share31,051.3553.300.17%
Oil & Gas 25,963.82.760.00%
Mining 33,219.49275.050.83%
Gold Mining2,860.8860.882.17%
Platinum Mining63.12-.36-0.57%
GENERAL MINING8,076.5461.070.76%
Oil & Gas Producers 13,960.27.410.00%
Basic Materials 28,083.27193.710.69%
Chemicals 12,305.32-160.18-1.28%
Forestry & Paper 12,831.76-70.35-0.55%
Industrial Metals 27,837.69-227.66-0.81%
Industrials 27,552.81201.790.74%
General Industrials 76,895.15576.870.76%
Consumer Goods 27,645.19-99.60-0.36%
Automobiles & Parts 3,623.1376.992.17%
Household Goods145.53-3-2.14%
Health Care 33,837.90-212.60-0.62%
Beverages 88.99-.70-0.78%
Index NameRPMove% Move
Food Producers 48,522.95-180.18-0.37%
Personal Goods 415.882.290.55%
Consumer Services 54,512.21311.830.58%
General Retailers 45,620.07-149.21-0.33%
Travel & Leisure 3,586.25-17.03-0.47%
Media 78.631.602.08%
Support Services 2,199.03-8.37-0.38%
Telecommunications 69,327.00129.790.19%
Financials 21,273.61-127.83-0.60%
Banks 40,053.65-677.58-1.66%
Non-life Insurance 33,342.50482.551.47%
Life Insurance 15,543.5538.030.25%
General Financial 2,155.33-5.73-0.27%
Technology 23,240.01102.620.44%
SHARIAH TOP40 3,009.33230.75%
FTSE/JSE SHARIAH ALL3,074.18230.75%
COAL MINING26,089.46-229-0.87%
FTSE JSE Fledgling 4,513.69-0-0.00%
FTSE/JSE Alt X 1,119.01-6-0.52%
RESOURCE 28,033.332010.72%
DIVIDEND PLUS168.7100.07%
FTSE/JSE RAFI 406,429.51150.23%
Capped Top 4014,588.43110.07%
Capped All Share15,692.34240.15%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
19 Sep 2011CLOVERJune 2011 (Final)
19 Sep 2011CLOVERPREFJune 2011 (Final)
19 Sep 2011DIALOGUEJune 2011 (Interim)
20 Sep 2011CASHBILJune 2011 (Final)
20 Sep 2011FIRESTONEJune 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
PINNACLE11-09-1611-12-0211-12-12R 0.2300
UBUBELE11-09-1511-12-0811-12-19R 0.0200
MVELASV11-09-1511-11-1111-11-21R 0.3600
RMBH11-09-1411-10-0711-10-17R 0.9500
RMIH11-09-1411-10-0711-10-17R 0.3370
Ex Div**
Share NameDec-DateLDTPay-DateAmount
MWNT11-09-0911-09-1611-09-30R 55.0000
MWNT11-09-0911-09-1611-09-30R 55.0000
ARM11-08-3111-09-1611-09-26R 4.5000
IMPLATS11-08-2511-09-0911-09-19R 4.2000
CAPITEC-P11-08-3111-09-1611-09-26R 3.4027

Upcoming AGMs**
CodeCompany NameDateStatus
AVUAvusa Ltd19/09/2011Confirmed
COLColliers South Africa Holdings Ltd22/09/2011Confirmed
RACCRECM - Calibre Ltd22/09/2011Confirmed
COLPColliers South Africa Holdings Ltd22/09/2011Confirmed
RACPRECM - Calibre Ltd22/09/2011Confirmed

Stock Exchange News Service
16/09/201117:25PTXTEN - PropTrax Ten - Dealing in securities
16/09/201116:57 Imperial Holdings Limited - Vesting of rights and shares in terms
16/09/201116:32FUM/MWNT - First Uranium Corporation/Mine Waste Solutions (Proprietary)
16/09/201116:31 First Uranium Corporation - Section 54 lifted at Ezulwini Mine - mining
16/09/201116:03 IFA Hotels & Resorts Limited - Renewal of cautionary announcement
16/09/201116:00 Clover Industries Limited - Clover presentation at Macquarie/JSE
16/09/201115:56 Decillion - Detailed cautionary announcement regarding the
16/09/201115:15 Capricorn Investment Holdings Limited - Renewal of cautionary
16/09/201113:51INL/INP - Investec Limited/Investec plc - Form 8 (DD)
16/09/201113:50INL/INP - Investec - Form 8 (DD)
16/09/201113:45 Argent Industrial Limited - Dealing in securities by directors
16/09/201113:43 Ububele - Acquisition by Yield Chemicals Group (PTY) Limited of 49.9% of
16/09/201113:23RMHIDE - Investec Warrants - Declared final dividend and special dividend
16/09/201112:47 Sea Kay Holdings Limited - Cautionary announcement
16/09/201112:45 Rolfes Technology Holdings Limited - Dealing in securities by a
16/09/201112:30BVTNIG - Nedbank - Dividend distribution announcement in relation to the
16/09/201112:29OMLNIH - Nedbank - Dividend distribution announcement in relation to the
16/09/201112:00 Mustek Limited - Director dealing in securities
16/09/201111:57 Exxaro Resources Limited - Trading of Exxaro ordinary shares on
16/09/201111:42 Petmin Limited - Investor presentation
16/09/201111:39 IFCA Technologies Limited - Renewal of cautionary announcement
16/09/201111:36SOLNIH - Nedbank Capital - Amendment - Dividend distribution announcement
16/09/201111:25ACT/ACTP - AfroCentric Investment Corporation Limited- Trading statement
16/09/201111:23BIBMW - BMW Financial Services SA (Pty) Ltd - Interest Rate Reset
16/09/201111:13 Kelly Group Limited - Report on proceedings at General Meeting
16/09/201110:45SOLNIH - Nedbank Limited - Amendment - Dividend distribution announcement in
16/09/201110:40 Vukile Property Fund Limited - Change to the board of directors
16/09/201110:37 Aspen Pharmacare Holdings Limited - Dealing in securities by
16/09/201110:15RMHNIG - Nedbank Limited - Dividend distribution announcement in relation to The
16/09/201110:14APNNIE - Nedbank Capital - Capital reduction distribution announcement in
16/09/201110:13SOLNIH - Nedbank Limited - Dividend distribution announcement in relation to the
16/09/201110:12RMHNIG - Nedbank Capital - Special dividend distribution announcement in
16/09/201110:00 Oando Plc - Announcement regarding declared bonus issue of ordinary shares
16/09/201110:00 Redefine Properties International Limited - Admission of Ordinary Shares
16/09/201110:00 Impala Platinum Holdings Limited - Currency conversion final cash
16/09/201109:56 JCI Limited - Renewal of cautionary announcement
16/09/201109:51 Tawana Resources NL - Note to the financial statements for the half-year
16/09/201109:50INL/INP - Investec - Rule 2.10 of the UK City Code on Takeovers and Mergers
16/09/201109:31 Gold One International Limited - Form 604 - Notice of change of interests
16/09/201108:57 Andulela Investment Holdings Limited - Change to the board
16/09/201108:00 Distribution And Warehousing Network Limited - Audited results for the
16/09/201107:15 Pinnacle Technology Holdings - Reviewed Results For The Year Ended 30 June
16/09/201107:11SYN864 - Synthesis Funding Limited - New Financial Instrument Listing
16/09/201107:10 British American Tobacco p.l.c.- Transaction in own shares
16/09/201107:10SYN863 - Synthesis Funding Limited - New Financial Instrument Listing

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