Having trouble reading this email? View in your web browser
 The Sharenet Daily 
Wednesday, 09 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 rand falls 2.8 pct on outlook downgrade, EZ crisis

JOHANNESBURG (Reuters) - South African assets fell on Wednesday when investors were spooked by a ratings outlook downgrade of the domestic economy, which added to market fears over the euro zone debt crisis.

Yields on government debt ended 11 basis points higher on the 2015 issue and jumped 12 points on the 2026 bond partly as the most liquid government bonds reacted to Moody' s rating agency cutting South Africa's A3 rating outlook to negative from stable.

"The (outlook) downgrade combined with all of the international factors, is the biggest driver. It's a definite concern for your international investors if you suddenly get a downgrade," said Marten Banninga of World Wide Capital Securities.

"I do think there is a possibility you get a relook at South Africa from these international investors," Banninga said.

The local market was also tracking the weakness in euro zone bonds and that region's depressed currency.

The rand gave up 2.8 percent from its previous close to the dollar, trading as low at 8.0360 on the day.

The local unit has managed to hold just below the 8 level in the past sessions but broke through that barrier on Wednesday as investors dumped risk.

Europe's current inability to sort out its debt problems has battered sentiment towards emerging markets and Moody's outlook downgrade, although analysts say it is unlikely to lead to a ratings cut, soured sentiment further.

Gill Marcus will make her sixth and final monetary policy statement at 1300 GMT on Thursday and most of the market sees the rate holding steady.

"The MPC committee has one bullet left in the chamber and I don't think they'll use it tomorrow. I think rates will be unchanged, even more so now with Moody's downgrade," said Steve Arnold, a bond trader at Investec Bank.

Arnold said it would be prudent for the central bank's governor Gill Marcus to leave herself ammunition in case of a further deterioration in the European Union.

The futures markets however have priced in some chance of a cut, which could see bonds weaken as long positions unwind if there is not cut.

Wed, 09 Nov 2011
Top News
South Africa is disappointed by Moody' s decision to cut the country's ratings outlook and disagrees with the agency's assessment of political risks, the National Treasury said in a statement on Wednesday.  Full story

South African stocks posted their biggest one-day loss in five weeks on Wednesday, dropping 2.3 percent as fears about the outlook for Italy's debt crisis pushed investors to sell off recent gainers such as miners and banks.  Full story
Greek Prime Minister George Papandreou said he was stepping down on Wednesday without naming his successor as the nation heads towards an economic precipice, but party sources said political leaders had agreed it would be the speaker of parliament.  Full story
Italy's president stepped in to calm markets on Wednesday after the country's borrowing costs raced to catastrophic levels, saying urgent action would be taken to end a political crisis.  Full story
Iranian President Mahmoud Ahmadinejad dismissed on Wednesday a report from the United Nations' nuclear agency that highlighted concerns Tehran had worked on designing an atomic bomb, saying it was based on "invalid" information from Washington.  Full story
European shares fell on Wednesday as rising tensions around Italy's debt situation pushed its bond yields into the danger zone, hitting riskier assets. . .  Full story
Britain's top shares sank to their lowest close for a week on Wednesday on spiralling concerns over Italy's debt as the country's bond. . .  Full story
U.S. stocks slid more than 2 percent on Wednesday as a spike in Italian bond yields heightened fears the debt crisis in Europe. . .  Full story
Stocks and the euro tumbled on Wednesday as Italian borrowing costs spiked, raising fears the country will be forced to seek a bailout. . .  Full story

Gold edged higher on Wednesday on persistent doubts about Italy's ability to tackle its growing debt crisis as political uncertainty and soaring Italian. . .  Full story
U.S. stocks tumbled at the open on Wednesday as a spike in Italian bond yields prompted fears the region's debt crisis was spiraling.. . .  Full story
The New York Stock Exchange and NYSE Amex Cash Markets on Wednesday invoked a rule to smooth trading at the market open as. . .  Full story
(Repeats to attach to snap) European shares extended falls on Wednesday, with Italian stocks tumbling and bond yields topping 7 percent, on concerns. . .  Full story
SA Business
The chief executive of AngloGold Ashanti said the world's No. 3 gold producer could employ deep-mining technology under development in South. . .  Full story
AngloGold Ashanti, the world No. 3 gold miner, reported record-breaking quarterly earnings on Wednesday, beating forecasts as bullion's bull run filled. . .  Full story
South African blue-chip stocks fell sharply in afternoon deals on Wednesday, dragging the benchmark Top-40 index down more than 2 percent. . .  Full story
South Africa's manufacturing output grew by 7.7 percent year-on-year in volume terms in September compared with a revised 5.9 percent expansion. . .  Full story

Helios Towers Nigeria, the firm that bought South Africa's Telkom stake in Nigeria's Multi-Links for $10 million, said on Wednesday that. . .  Full story
South Africa played down suggestions from Moody's on Wednesday that political pressure could lead to a further deterioration in public finances,. . .  Full story
Zambia exported more than 496,000 tonnes of maize to its neighbours from September last year to October this year after a. . .  Full story
South Africa is committed to a sustainable fiscal path and sees the outlook downgrade by ratings agency Moody's in the context. . .  Full story

Tencent Holdings Ltd , China's biggest Internet company by revenue, reported its slowest profit growth in four years, missing analysts' estimates on softer growth in its casual games and lower margins due to increased investments.. . .  Full story
South Africa's Allied Technologies said on Wednesday it is no longer in talks to acquire unlisted Kenyan IT firm Symphony, a deal that Reuters previously reported could be worth up to. . .  Full story
Maize deliveries to South African silos rose to 9.451 million tonnes in the week to November 4, up from a revised 9.432 million tonnes in the week before, data showed on. . .  Full story
Company News
Shareholders are referred to the announcement of the company's audited results for the year ended 30 June 2011 released on the. . .  Full story
Shareholders are advised that following the announcement released on Sens on 4 October 2011, Kagiso Media has posted a circular. . .  Full story
Optimum informed shareholders and updated the market that the company has entered into a R2.2 billion revolving credit facility with a. . .  Full story
Shareholders were advised that, at the annual general meeting of Putprop held on 9 November 2011, all the resolutions as set. . .  Full story

Business Day quoted FirstRand CEO, Sizwe Nxasana, as saying that the bank was more likely to make an acquisition in Nigeria than start from scratch in the country. Mr Nxasana implies in FirstRand's annual report that he wants to take advantage of the expected consolidation of Nigeria's fragmented banking system and acquire a bank that would like an alliance with a stronger rival. FirstRand's continued interest in Nigeria comes despite the group's failed attempt to buy Sterling Bank.. . .  Full story
Company Results
Revenue rose by 34% to R1.7 billion (R1.3 billion) and operating profit was up by 42% to R909.3 million (R638.1 million).. . .  Full story
Revenue remained stable around R6.8 billion. Gross profit decreased to R2.3 billion (R2.7 billion). Operating profit declined by 19% to R1.7. . .  Full story
Revenues more than doubled to USD157.7 million (USD73.1 million). Operating earnings almost quadrupled to USD58.4 million (USD16.0 million). Net earnings soared. . .  Full story
Group revenue increased by 19% to R10 467 million (September 2010: R8 768 million). Operating profit before interest, tax, depreciation and. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0032017.01-653.41-2.00%
JSE Top 4017:0028651.43-669.29-2.28%
JSE Gold17:003225.65-.44-0.01%
JSE Financial17:0021355.47-329.41-1.52%
JSE Industrial17:0033755.67-613.88-1.79%
JSE Indust 2517:0028391.04-599.73-2.07%
JSE Resource17:0053385.51-1421.00-2.59%
DJ Futures20:0011870.00-253.00-2.09%
DJ Ind19:4511931.86-238.32-1.96%
SP 50020:001247.76-28.16-2.21%
FTSE 10018:355460.38-106.96-1.92%
All Ords07:404406.2049.501.14%
NZSE 5006:463353.562.320.07%
NameTimeRPMove% Move
Gold/R kg20:0045958785381.89%
Brent Crude19:56114.32-1.39-1.20%
Rand / Dollar19:597.98390.16102.06%
Rand / Pound19:5512.71820.16081.28%
Rand / Euro19:5510.86740.04760.44%
Rand / NZD19:586.27130.02800.45%
Rand / AUD19:558.14450.02070.25%
Yen / Dollar19:5977.7130-0.0250-0.03%
Euro / Dollar19:550.73500.01221.69%
Dollar / Euro19:591.3606-0.0228-1.65%
Pound / Dollar19:550.62640.00530.85%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 MMG  232209.43.%85572
2 DAWN  495357.61.%19167
3 MIXTEL  15096.38.%12500
4 DIPULA-B  525255.00.%587393
5 INVICTA  54502504.81.%4300
6 EASTPLATS  513234.69.%223795
7 PERGRIN  1098484.57.%42485
8 KEATON   240104.35.%12500
9 BEE-SASOL  2700010003.85.%424
10 CASHBIL  110003503.29.%590
11 VILLAGE  17552.94.%1327644
12 TRENCOR  35001002.94.%539966
13 HUDACO  84842342.84.%27109
14 COMAIR  20052.56.%415
15 OCTODEC  1485352.41.%40265
16 PAN-AF  17542.34.%3040899
17 ARGENT  615132.16.%6560
18 SPAR  100002002.04.%1410103
19 CIL  1070201.90.%579
20 CAPCO  2241341.54.%291878

Click here for more Major Moves...
Major Moves Down
SharenameSaleMove% MoveVolume
1 S-OCEAN  125-14-10.07.%20500
2 GBGOLD  1100-100-8.33.%2575
3 URONE  2094-121-5.46.%19769
4 DELRAND  445-25-5.32.%10150
5 COMPCLEAR  280-15-5.08.%1433
6 JUBILEE  186-8-4.12.%15000
7 SAPPI  2120-87-3.94.%2927756
8 ILLOVO  2500-100-3.85.%79233
9 ANGLO  29700-1110-3.60.%4454814
10 ESORFRANK  140-5-3.45.%127210
11 EXXARO  18100-632-3.37.%1972926
12 RICHEMONT  4240-147-3.35.%7043428
13 MONDIPLCP  5755-197-3.31.%898661
14 BILLITON  24871-851-3.31.%3328744
15 IMPLATS  17600-595-3.27.%1326920
16 NETCARE  1345-45-3.24.%1544627
17 REMGRO  11600-388-3.24.%1113067
18 INVPLC  4606-154-3.24.%1351152
19 AVUSA  2175-70-3.12.%5364
20 ARCMITTAL  6524-199-2.96.%327986

Click here for more Major Moves...

New Highs
SharenameSaleHighMove% MoveVolume
1 INVICTA  545059002504.81.%4300
2 CASHBIL  11000110003503.29.%590
3 CIL  10701070201.90.%579
4 CML  23352360351.52.%318717
5 MRPRICE  79918100-39-0.49.%433119
6 BATS  3705937770-291-0.78.%517254
7 TRNSHEX  360375-7-1.91.%47904

Click here for more Major Moves...
New Lows
SharenameSaleLowMove% MoveVolume
1 SAPPI  21202092-87-3.94.%2927756
2 RAUBEX  12301210-30-2.38.%2315363
3 ALTRON-P  22012201-52-2.31.%215744
4 TELKOM  30292930130.43.%1389235

Click here for more Major Moves...

Index Summary
Index NameRPMove% Move
Top 4028,651.43-669.29-2.28%
Mid Cap42,762.58-252.19-0.59%
Small Cap32,068.476.350.02%
Resource 2053,385.51-1421.00-2.59%
Industrial 2528,391.04-599.73-2.07%
Financial 157,958.84-151.09-1.86%
Financial & Ind. 3031,146.26-656.35-2.06%
All Share32,017.01-653.41-2.00%
Oil & Gas 28,528.66-415.34-1.43%
Mining 34,796.40-947.11-2.65%
Gold Mining3,225.65-.44-0.01%
Platinum Mining64.02-1.93-2.93%
GENERAL MINING8,345.19-292.46-3.39%
Oil & Gas Producers 15,339.33-223.32-1.43%
Basic Materials 29,293.45-770.29-2.56%
Chemicals 12,912.59.650.01%
Forestry & Paper 11,274.80-399.28-3.42%
Industrial Metals 29,519.52-275.51-0.92%
Industrials 27,905.25-423.07-1.49%
General Industrials 77,915.50-1791.78-2.25%
Consumer Goods 29,109.08-598.56-2.01%
Automobiles & Parts 3,872.22-22.65-0.58%
Household Goods152.52-2-1.40%
Health Care 34,551.86-520.30-1.48%
Beverages 95.59-1.46-1.50%
Index NameRPMove% Move
Food Producers 51,654.34-412.52-0.79%
Personal Goods 423.48-14.68-3.35%
Consumer Services 56,993.84-871.95-1.51%
General Retailers 48,443.47-342.81-0.70%
Travel & Leisure 3,697.28-37.68-1.01%
Media 81.36-2.34-2.80%
Support Services 2,211.2619.860.91%
Telecommunications 66,193.85-1445.73-2.14%
Financials 21,355.47-329.41-1.52%
Banks 39,491.97-747.20-1.86%
Non-life Insurance 33,584.99121.240.36%
Life Insurance 15,857.07-296.21-1.83%
General Financial 2,175.29-31.13-1.41%
Technology 24,244.33-91.05-0.37%
SHARIAH TOP40 3,118.94-79-2.48%
FTSE/JSE SHARIAH ALL3,176.30-74-2.29%
COAL MINING24,727.58-757-2.97%
FTSE JSE Fledgling 4,591.70-4-0.09%
FTSE/JSE Alt X 1,214.45-5-0.41%
CAPPED PROPERTY 316.90-0.89%
RESOURCE 29,560.07-751-2.48%
DIVIDEND PLUS174.09-1-0.62%
FTSE/JSE RAFI 406,567.33-149-2.23%
Capped Top 4015,063.81-341-2.21%
Capped All Share16,172.50-326-1.97%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
10 Nov 2011BCXAugust 2011 (Final)
10 Nov 2011BCX - A SHARESAugust 2011 (Final)
10 Nov 2011GFIELDSSeptember 2011 (Q)
10 Nov 2011GFIELDSPSeptember 2011 (Q)
10 Nov 2011KAIROSAugust 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
RAUBEX11-11-0711-11-2511-12-05R 0.2500
INVICTA11-11-0711-11-2511-12-05R 0.7700
VODACOM11-11-0711-11-2511-12-05R 2.6000
REBOSIS11-11-0711-11-1811-11-28R 0.2225
AFROC-P11-11-0411-11-1811-11-28R 0.2548
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
WBOWilson Bayly Holmes - Ovcon Ltd09/11/2011Confirmed
COMNComair Ltd09/11/2011Confirmed
COMComair Ltd09/11/2011Confirmed
WBOPWilson Bayly Holmes - Ovcon Ltd09/11/2011Confirmed
MNYMoneyWeb Holdings Ltd09/11/2011Confirmed

Stock Exchange News Service
09/11/201117:46 Old Mutual plc - Notification of transactions of directors, persons
09/11/201117:30 Discovery Holdings Limited - Dealings in securities by a director
09/11/201117:26OML - Old Mutual plc - Form 8.3
09/11/201117:07 ArcelorMittal South Africa Limited - Allocation and acceptance of share
09/11/201117:05 Steinhoff - Terms of the capitalisation share award and the
09/11/201117:01 JCI Limited - Voluntary announcement - unaudited NAV statement and renewal
09/11/201117:00 Pioneer Food Group Limited - Further trading update
09/11/201116:50 Trans Hex - Unaudited Interim Results for the six months ended 30
09/11/201116:41 Real Africa Holdings Limited - Resignation of director
09/11/201116:29 The Spar Group Limited - Directors` dealings: acceptance of options
09/11/201116:28 Tradehold Limited - Trading statement
09/11/201116:06 Amalgamated Electronic Corporation Limited - Unaudited results for
09/11/201115:42 PSG Group Limited - Dealing in PSG Group Limited shares by an
09/11/201115:27 Comair Limited - Report on proceedings at Annual General Meeting
09/11/201115:25ABN41 - Absa Bank Limited - New Financial Instrument Listing
09/11/201115:05RTO/RTN/RTOP - Rex Trueform Clothing Company Limited - Dealing in securities
09/11/201115:00 Kagiso Media Limited - Notice of General Meeting
09/11/201114:29 Capitec Bank Holdings Limited - Dealing in securities by a director
09/11/201114:20 IQuad Group Limited - Update on disposal by Iquad of its 90% equity
09/11/201113:43 Optimum Coal Holdings Limited - Optimum Coal Holdings - debt re-
09/11/201113:32INL/INP - Investec Limited/ Investec plc - Form 8 (DD)
09/11/201113:31INL/INP - Investec Limited/Investec plc - Form 8 (DD)
09/11/201113:30 Transpaco Limited - Record date of the Annual General Meeting
09/11/201113:20 Wilson Bayly Holmes - Ovcon Ltd - Board Appointments
09/11/201113:19 WBO-Wilson Bayly Holmes - Ovcon Ltd - Results of Annual General Meeting
09/11/201113:10 Efficient Group Limited - Condensed audited consolidated annual
09/11/201113:10BIIVU - iVuzi Investments Limited - Listing of Tap Issues
09/11/201113:10 Putprop Limited - Results of Annual General Meeting
09/11/201111:37BIJHB - City of Johannesburg Metropolitan Municipality - Media Release
09/11/201111:33 Harmony Gold Mining Company Ltd - Board of directors: changes to
09/11/201110:50INL/INP - Investec Limited/Investec plc - Disclosure in accordance with
09/11/201110:30 Sephaku Holdings Limited - Notification of Share Dealing by
09/11/201110:27IVA145 - iVuzi Investments Limited - Full Capital Redemption
09/11/201110:19 Famous Brands Limited - Dealings in securities
09/11/201110:00 Mustek Limited - Director dealing in securities
09/11/201109:00 African Eagle Resources plc - IFC discloses proposed investment in African
09/11/201108:46 Allied Technologies Limited - In response to speculation regarding
09/11/201108:00 AngloGold Ashanti Limited - Anglogold Ashanti Q3 profit at record
09/11/201107:50 Anglogold Ashanti Limited - Report for the quarter and nine months ended
09/11/201107:38BISASP - South African Securitisation Programme (RF) Limited - Change in name of
09/11/201107:25 Premium Properties Limited - Dealing in securities by associate of a
09/11/201107:12 Business Connexion Group Limited - Dealings in securities by directors
09/11/201107:10 British American Tobacco p.l.c - Transaction in own shares
09/11/201107:06 Brait SE - Unaudited interim results for the six months ended
09/11/201107:06 The Bidvest Group Limited - Directors` dealings in securities
09/11/201107:05 The Spar Group Limited - Audited results for the year ended 30 September
09/11/201107:05MAQ008 - Macquarie Securities South Africa (Pty) Limited - New Financial

Click here for more SENS news