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 The Sharenet Daily 
Monday, 07 November 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)

SAfrica's assets weaker; R186/R157 spread at peak

JOHANNESBURG (Reuters) - The rand weakened for the second consecutive session on Monday, trading around the big 8 figure for most of the day, but came back in the last hour of trade as the euro firmed and the rand in turn showed some recovery but with little impetus in a thin market.

The local unit traded 0.65 percent weaker against the dollar to 7.9564 by 1550 GMT, recovering from 7.99 levels seen most of the session but still fluctuating within its recent range as it moves on investor sentiment dictated by euro zone developments.

Trading volumes were at their lowest in over two months on Monday as investors mostly stayed away and importers were only seen in earnest at the 7.80 levels, dealers said.

"It's probably the levels not enticing importers, and the market is also unsure. We had an interesting weekend (with euro zone developments) and people are still nervous so it may be a case of wait and see," Ion de Vleeschauwer, dealer at Bidvest Bank said about the thin conditions.

The local market has experienced liquidity problems linked to the European crisis and the slowing global economy, seeing a significant amount of investors wait it out on the sidelines until a clear picture emerges.

"Volumes are very thin, liquidity is a major problem. There is no interest so whatever trades we get we clear immediately, we don't try to hold onto them," said a currency trader at a local bank.

Government bond yields had nudged 1.5 basis points higher at the official close to 6.45 percent on the 2015 note and 8.29 percent on the 2026 issue.

The yield differential between the 2026 and 2015 benchmark bonds was trading at Friday's record 184 basis points, pushed higher by the market pricing in a slight chance that the South African Reserve Bank might follow the ECB in reducing the policy rate.

Economists polled by Reuters mostly think the central bank will keep it repo rate steady at 5.5 percent on Thursday, but the bond and futures markets have nevertheless priced in the possibility of a cut.

"The ECB rates last week is seen reflected in the front end of our curve which increased the chances for a rate cut," said Daniel Sabiston, a bond trader at Absa Capital.

"If the market is pricing in an increased chance for a rate cut then the front end outperforms and the (yield) curve steepens, the R186/R157 is a function of that steepening."

Mon, 07 Nov 2011
Top News
South Africa's Richards Bay Coal Terminal (RBCT) exported 7.4 million tonnes of coal in October compared with 4.96 million tonnes the previous month, RBCT data showed on Monday.  Full story

ArcelorMittal South Africa, a unit of the world's top steelmaker, has increased steel prices effective November 1, the company said on Monday.  Full story
A retired right-wing general promising a crackdown on violent crime won Guatemala's presidential election on Sunday and will be the first military man to take power since democracy was restored in 1986.  Full story
Lucas Papademos, a former deputy head of the European Central Bank, was on Monday tipped to emerge as Greek prime minister as political leaders bargained over who will lead a new coalition to push through a bailout before the country runs out of money in mid-December.  Full story
Nicaraguan President Daniel Ortega, a socialist former guerrilla leader, marched towards a landslide re-election victory on Monday after drawing broad support for his anti-poverty programs.  Full story
U.S. stocks fell on Monday as investors stayed focused on Europe, this time on the political turmoil in debt-burdened Italy, as a reason. . .  Full story
Global equities and the euro fell on Monday as uncertainty in Italy fueled concern the euro zone's third-biggest economy would be sucked deeper. . .  Full story
European stocks fell on Monday in choppy trading driven by political turmoil in debt-laden Italy, where bond yields hit euro era highs, though equities. . .  Full story
U.S. stocks fell in choppy trade on Monday, with the Nasdaq down 1 percent, as political uncertainty in Italy fueled investor concern the. . .  Full story

Gold rose to the highest in about six weeks on Monday as investors piled into the traditional safe haven asset as Europe's debt. . .  Full story
European shares briefly turned positive on Monday, led by Italian stocks on talk, subsequently denied, that the country's prime minister would resign, and after. . .  Full story
U.S. stocks turned positive in early trading on Monday, led by energy and material stocks as crude oil prices rose more than 1. . .  Full story
U.S. stocks were little changed at the open on Monday as political turmoil in Italy sparked worry the euro zone debt crisis could. . .  Full story
SA Business
South Africa's national oil company PetroSA has restarted its 45,000 bpd gas-to-liquids Mossel Bay refinery, its spokesman said on Monday, which. . .  Full story
South Africa's Anglo American Platinum (Amplats), the world's largest platinum producer, said on Monday it would implement a 3.5 billion rand. . .  Full story
Vodacom Group, the South African unit of Britain's Vodafone Plc, warned it expected leaner growth in the second-half, hit by tougher. . .  Full story
Zambia Sugar, the country's largest sugar producer, said on Monday sugar output in the current financial year would be below last. . .  Full story

South African stocks surged more than 2 percent on Monday, buoyed by a last-minute short covering on mixed news out of. . .  Full story
South African financial services firm Cadiz Holdings said on Monday the 60 percent sale of its stock broking arm to BNP. . .  Full story
South Africa's third-largest gold miner Harmony suspended operations at its Kusasalethu mine on Monday after an employee was killed in an. . .  Full story
South Africa's rand was steady against the dollar but government bonds were softer on Monday as the market looked to this. . .  Full story

South Africa's net gold and foreign exchange reserves edged up to $49.221 billion at the end of October from $47.93 billion in September, data from the Reserve Bank showed on Monday.. . .  Full story
Company News
Cadiz hereby advises shareholders that Ms. NS Mjoli-Mncube has resigned as director with affect from 4 November 2011 in order to. . .  Full story
No change statement. . .  Full story
Amplats announced the terms relating to the proposed community development transaction involving certain Amplats' mine host communities. Highlights include * Development Trusts. . .  Full story
Business Report mentioned that, DRDgold had entered into negotiations that could have an effect on the company's share price. South Africa's. . .  Full story

According to Business Day, SA's bellwether cement maker, Pretoria Portland Cement (PPC), said on Friday that the fall in full-year earnings would be smaller than previously thought, as trading conditions were better than expected during September. Domestic cement sales in September rose 12.7% year on year. Sales in the year are up 2.1% although the industry is still reeling from the effects of the global recession and the poor health of building and construction in SA. Recently, PPC CEO. . .  Full story
Company Results
Revenue increased by 18% to R2.6 billion (R2.2 billion). Operating income was up 22% to R260.9 million (R214.2 million). Net attributable. . .  Full story
Revenue increased to R31.7 billion (R29.5 billion) and operating profit rose to R7.3 billion (R7.1 billion). Net profit attributable to ordinary. . .  Full story
Maiden final results for Rebosis as a listed company showed total revenue of R268.3 million. Net operating profit was R27 million.. . .  Full story
Revenue for the interim period ended 31 August 2011 increased to R2.6 billion (2010: R2.5 billion), but gross profit lowered to. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0032514.38597.361.87%
JSE Top 4017:0029178.13624.532.19%
JSE Gold17:003226.39123.223.97%
JSE Financial17:0021637.99442.792.09%
JSE Industrial17:0034240.60405.961.20%
JSE Indust 2517:0028895.84404.491.42%
JSE Resource17:0054384.121303.572.46%
DJ Futures19:5611825.00-116.00-0.97%
DJ Ind19:4111900.41-82.83-0.69%
SP 50019:561243.63-9.60-0.77%
FTSE 10018:355510.82-16.34-0.30%
All Ords07:454335.30-7.20-0.17%
NZSE 5006:463342.1910.400.31%
NameTimeRPMove% Move
Gold/R kg19:56456818137913.11%
Brent Crude19:56113.742.121.90%
Rand / Dollar19:587.96190.07730.98%
Rand / Pound19:5512.72840.09740.77%
Rand / Euro19:5510.93990.04820.44%
Rand / NZD19:566.31760.03810.61%
Rand / AUD19:558.23680.03210.39%
Yen / Dollar19:5878.0520-0.0850-0.11%
Euro / Dollar19:550.72750.00390.54%
Dollar / Euro19:571.3744-0.0074-0.54%
Pound / Dollar19:550.62370.00130.21%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 LONAFRIC  2002514.29.%7550
2 IQUAD  244177.49.%50028
3 VALUE  440256.02.%6327
4 ASSORE  2180011755.70.%45635
5 SOVFOOD  475255.56.%150900
6 HARMONY  112005805.46.%1214512
7 NICTUS  205105.13.%20323
8 GFIELDS  143005984.36.%1401793
9 IMPLATS  184677674.33.%770749
10 HOLDSPORT  34001404.29.%98
11 CIL  1040404.00.%3010
12 CITYLDG  68172624.00.%69462
13 GBGOLD  1100403.77.%1000
14 EXXARO  185006503.64.%489816
15 BIDVEST  159005503.58.%616028
16 NEDCOR  142394903.56.%645909
17 ABSA  141554683.42.%1260135
18 ANGGOLD  3802011913.23.%1448040
19 STANBANK  97043033.22.%3379850
20 VIVIDEND  490153.16.%161834

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Major Moves Down
SharenameSaleMove% MoveVolume
1 WINHOLD  120-25-17.24.%387807
2 TRADEH  550-45-7.56.%600
3 VERIMARK  122-7-5.43.%74960
4 AVUSA  2200-99-4.31.%96631
5 JASCO  101-4-3.81.%52410
6 TASTE  173-6-3.35.%42369
7 PNR-FOODS  6090-185-2.95.%64647
8 PREMIUM  1485-45-2.94.%1084792
9 WBHO  10700-295-2.68.%185912
10 KEATON   224-6-2.61.%59010
11 AFRO-C  235-5-2.08.%6525
12 NEPI  3330-68-2.00.%105633
13 ZEDER  245-5-2.00.%1209970
14 BCX  500-10-1.96.%553227
15 CAPEVIN  8000-150-1.84.%12374
16 GROUP-5  2310-40-1.70.%597351
17 PAN-AF  175-3-1.69.%2106802
18 PSG  4710-80-1.67.%25967
19 BASREAD  1415-24-1.67.%26070
20 WESIZWE  138-2-1.43.%311599

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New Highs
SharenameSaleHighMove% MoveVolume
1 HARMONY  11200112005805.46.%1214512
2 NICTUS  205205105.13.%20323
3 BATS  37073371494241.16.%344966
4 MEDCLIN  34763580-10-0.29.%135908

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New Lows
SharenameSaleLowMove% MoveVolume
1 WINHOLD  120107-25-17.24.%387807
2 KEATON   224222-6-2.61.%59010
3 WESIZWE  138136-2-1.43.%311599
4 OCTODEC  15201400-19-1.23.%1342391

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Index Summary
Index NameRPMove% Move
Top 4029,178.13624.532.19%
Mid Cap42,804.75111.620.26%
Small Cap32,035.3514.730.05%
Resource 2054,384.121303.572.46%
Industrial 2528,895.84404.491.42%
Financial 158,089.93202.422.57%
Financial & Ind. 3031,710.13582.931.87%
All Share32,514.38597.361.87%
Oil & Gas 28,490.84454.561.62%
Mining 35,534.51927.042.68%
Gold Mining3,226.39123.223.97%
Platinum Mining66.792.113.26%
GENERAL MINING8,543.92181.882.18%
Oil & Gas Producers 15,319.00244.411.62%
Basic Materials 29,908.70752.252.58%
Chemicals 12,886.22102.070.80%
Forestry & Paper 11,825.85193.861.67%
Industrial Metals 29,735.96453.651.55%
Industrials 28,367.47225.350.80%
General Industrials 80,131.171230.601.56%
Consumer Goods 29,375.98363.461.25%
Automobiles & Parts 3,894.8711.320.29%
Household Goods150.8732.10%
Health Care 35,033.16240.780.69%
Beverages 96.741.611.69%
Index NameRPMove% Move
Food Producers 51,972.77329.690.64%
Personal Goods 427.472.800.66%
Consumer Services 58,027.55392.430.68%
General Retailers 48,058.61432.230.91%
Travel & Leisure 3,720.8413.300.36%
Support Services 2,212.11-17.57-0.79%
Telecommunications 67,383.031461.652.22%
Financials 21,637.99442.792.09%
Banks 40,250.131203.533.08%
Non-life Insurance 33,463.75-242.49-0.72%
Life Insurance 16,126.78312.571.98%
General Financial 2,180.4935.661.66%
Technology 24,156.9813.680.06%
SHARIAH TOP40 3,172.82722.33%
FTSE/JSE SHARIAH ALL3,226.65662.08%
COAL MINING25,206.417703.15%
FTSE JSE Fledgling 4,577.10-4-0.10%
FTSE/JSE Alt X 1,210.48605.24%
RESOURCE 30,092.517432.53%
DIVIDEND PLUS173.8721.31%
FTSE/JSE RAFI 406,688.591382.11%
Capped Top 4015,334.723282.19%
Capped All Share16,420.753011.87%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
08 Nov 2011CORONATSeptember 2011 (Final)
08 Nov 2011CORONATPSeptember 2011 (Final)
08 Nov 2011EFFICIENTAugust 2011 (Final)
08 Nov 2011MEDCLINSeptember 2011 (Interim)
08 Nov 2011PPCSeptember 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
VIVIDEND11-11-0411-11-1811-11-25R 0.2329
AFROC-P11-11-0411-11-1811-11-28R 0.2548
TFG PREF11-11-0312-03-1512-03-26R 0.0650
REDEFINE11-11-0311-11-1811-11-28R 0.3700
AFRIMAT11-11-0311-11-2511-12-05R 0.0600
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ADCORP11-10-1211-11-0411-11-14R 0.5700
OASIS11-10-2011-11-0411-11-14R 0.4710
HOLDSPORT11-09-2711-11-0411-11-14R 0.4700
BLACKSTAR11-10-2811-11-0411-12-02R 0.0650
O-LINE11-09-2011-11-0411-11-14R 0.0500

Upcoming AGMs**
CodeCompany NameDateStatus
GRTGrowthpoint Properties Ltd08/11/2011Confirmed
GRFGroup Five Ltd08/11/2011Confirmed
COMNComair Ltd09/11/2011Confirmed
COMComair Ltd09/11/2011Confirmed
MNYMoneyWeb Holdings Ltd09/11/2011Confirmed

Stock Exchange News Service
07/11/201117:58INL/INP - Investec Limited/Investec Plc - Disclosure in accordance with Rule
07/11/201117:47 DRDGOLD Limited - Exercise of options and sale of shares
07/11/201117:31 Village Main Reef Limited - Fatal accident at Consolidated
07/11/201117:29OML - Old Mutual plc - FORM 8.3
07/11/201117:00MND/MNP - Mondi Limited/Mondi plc - Employee share plans transactions in
07/11/201116:46ABLC03 - African Bank Limited - Full Capital Redemption
07/11/201116:43 Capricorn Investment Holdings Limited - Disclosure of acquisition
07/11/201116:30 Woolworths Holdings Limited - Dealing in securities by the group
07/11/201116:29 South African Coal Mining Holdings Limited - Update in respect of
07/11/201115:51PTXTEN - Proptrax Ten - Dealing in securities
07/11/201115:44 Resilient Property Income Fund Limited - Dealing in securities
07/11/201115:32IPL/IPLP - Imperial Holdings Limited - Dealing in securities by
07/11/201115:07SCIB/RDFSTB - The Standard Bank of South Africa Limited - Interest
07/11/201115:06SCIB/RDFSIG - The Standard Bank of South Africa Limited - Interest Distribution
07/11/201115:02 Platmin Limited - Management discussion and analysis
07/11/201115:01 Platmin Limited - Mining contract Re-Organisation gathers momentum
07/11/201115:00 Platmin Limited - Results for quarter ended 30 September 2011
07/11/201114:36CBL10 - Capitec Bank Limited - Interest rate reset announcement
07/11/201114:28BIIND - iNdwa Investments Limited - Full Capital Redemption
07/11/201114:20BIIND - iNdwa Investments Limited - New Instrument Listing and Tap Issues
07/11/201114:19 Super Group Limited - Dealing in securities by Super Group Share
07/11/201114:07 Nampak Limited - Trading Statement
07/11/201114:02 Cadiz Holdings Limited - Changes in directorate
07/11/201113:50INL/INP - Investec - Form 8 (DD)
07/11/201113:48INL/INP - Investec Limited/ Investec plc - Form 8 (DD)
07/11/201113:21 Ingenuity Property Investments Limited - Abridged audited consolidated
07/11/201113:15 Discovery Holdings Limited - No change statement and notice of
07/11/201112:37ZGOVI - The ZSHARES ETF Scheme - Partial withdrawal of ZGOVI
07/11/201112:30 Cashbuild Limited - First quarter operational update - FY 2012
07/11/201112:00FRB06 - FirstRand Bank Limited - Interest rate reset announcement
07/11/201110:50INL/INP - Investec Limited/ Investec plc - Disclosure in accordance with Rule
07/11/201110:00 Amplats - Terms announcement relating to the proposed community
07/11/201109:55 Country Bird Holdings Limited - Dealings in securities
07/11/201109:48 Alert Steel Holdings Limited - Notification of share dealing by
07/11/201109:17TFS85 - Toyota Financial Services (South Africa) (Proprietary) Limited -
07/11/201109:02BAW9 - Barloworld Limited - Interest Rate Reset: BAW9
07/11/201109:02 African Eagle Resources plc - African Eagle adopts an enhanced Dutwa
07/11/201109:00 Lonrho Plc - Lonrho Plc announces its unaudited interim results for the
07/11/201108:59FPTIVB - Investec - Declaration of a distribution announcement on Fountainhead
07/11/201108:59 New Europe Property Investments plc - Rights offer circular
07/11/201108:55 Harmony Gold Mining Company Limited - Fatal accident at Harmony`s
07/11/201108:37 Goliath Gold Mining Limited - Trading statement
07/11/201108:00 Cadiz Holdings Limited - Interim results for the six months ended 30
07/11/201108:00STXRES - Satrix Resi Portfolio - Partial delisting of securities
07/11/201107:53 Discovery Holdings Limited - Dealing in securities by director
07/11/201107:15 Raubex Group Limited - Unaudited interim results for the six months ended
07/11/201107:15 Rebosis Property Fund Limited - Audited results for the year ended 31
07/11/201107:11 British American Tobacco p.l.c. - Transaction in own shares
07/11/201107:10 Vodacom Group Limited - Interim results for the six months ended 30
07/11/201107:06BTIIDA - Investec Bank Limited - The issue of enhanced dividend securities
07/11/201107:05 Invicta Holdings Limited - Unaudited interim results for the six months
07/11/201107:05BTIIHA - Investec Bank Limited - The issue of hot enhanced dividend securities
07/11/201107:05GRD165 - Grayston Conduit 1 (Proprietary) Limited - New Financial Instrument

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