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 The Sharenet Daily 
Wednesday, 11 January 2012 - 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 weakens but long-term bias positive

JOHANNESBURG (Reuters) - The rand weakened against the dollar on Wednesday, trading at its lowest for the session when markets reacted to a warning about the fate of the euro, which saw investors sell risky assets such as the rand before rallying a touch.

The local currency was set to weaker from the open, having closed above key resistance at 8.1025 in New York trade on Tuesday.

Negative risk sentiment from the euro zone crisis sent the rand to 8.1670 against the dollar on Wednesday, losses worth 0.8 percent on the previous close.

The rand is a heavily traded emerging market currency, mostly because of how liquid it is, serving as a barometer for investor risk sentiment. It opened the year on a firm footing, looking to break through 8 rand resistance, but was dragged weaker by euro woes all the way to 8.25 so far this year.

Analysts say real money accounts with a long term view should take the rand back to firmer levels, but investors would have to be convinced about Europe sorting out its problems.

"If we don't have the worst ending of the euro zone situation, i.e. the risk-on comes back, the rand will rally. The house view here is that the euro is going to stay and things are going to improve over time," said Murat Toprak, a forex strategist at HSBC Bank.

A Reuters poll on the rand's prospects against the dollar sees the local unit coming out on top by year-end.

"But to reach that point, to reach the end of the year, I think we could have a bumpy road. We can easily have dollar/rand at much higher levels before it goes back," Toprak added.

The rand is likely to momentarily react to manufacturing data out on Thursday, before investors turn their attention to global developments again.

Government bonds gave up most of the previous session's gains, following the currency. Yields on the two benchmarks nudged down by half a basis point to 6.805 percent on the 2015 bond and 8.585 percent on the 2026 issue.

Wed, 11 Jan 2012
Top News
South African stocks pulled back from a four-week high on Wednesday and ended a three-day winning streak on renewed worries about euro zone debt crisis, but the benchmark index remained within range of its lifetime high.  Full story

Gold steadied around one-month highs on Wednesday after a break above a key technical level and evidence of strong demand from major consuming nations supported the market, although a retracement in the euro pulled the price below the day's highs.  Full story
After a solid victory in New Hampshire, Mitt Romney looks toward a critical test in South Carolina next week as he seeks to convince conservative Republican voters he is their best bet to defeat Democratic President Barack Obama.  Full story
An Iranian nuclear scientist was blown up in his car by a motorbike hitman on Wednesday, prompting Tehran to blame Israeli and U.S. agents but insist the killing would not derail a nuclear programme that has raised fears of war and threatened world oil supplies.  Full story
For customers of the La Senza lingerie shop at one of Riyadh's glitziest malls, the introduction of women-only sales teams this week ended years of embarrassment.  Full story
Gold rose nearly 1 percent to a one-month high on Wednesday, breaking ranks with the euro and equities, as evidence of strong physical. . .  Full story
U.S. stocks edged lower on Wednesday after hitting a five-month high in the prior session as a warning about further weakness in. . .  Full story
Britain's blue-chip FTSE 100 closed lower on Wednesday after bouncing once again off an important technical resistance level, led by heavyweight energy stocks on. . .  Full story
European shares fell on Wednesday, from a five-month high, after Fitch Ratings warned that the European Central Bank should take a more active. . .  Full story

The euro weakened to a near 16-month low against the dollar and global stocks fell on Wednesday after Fitch Ratings warned that. . .  Full story
U.S. stocks fell at open on Wednesday, a day after the Dow and S&P 500 hit five-month highs, with pressure on the. . .  Full story
European shares fell at mid-session on Wednesday as bearish comments by Fitch and strong demand for safe-heaven German bonds triggered a sell-off after. . .  Full story
European shares retreated in thin late morning trade on Wednesday, with traders pointing to comments by ratings agency Fitch urging the European Central Bank. . .  Full story
SA Business
South African diversified miner Exxaro Resources made a bid worth up to A$338 million for African Iron, targeting the Australian-listed company's. . .  Full story
South Africa exported 7,954 tonnes of white maize in the week to January 6, the South African Grain Information Service (SAGIS). . .  Full story
South Africa's rand lost ground against the dollar on Wednesday and could trade with a weaker tone after failing to sustain. . .  Full story
Gold inched up on Wednesday to flirt with a key resistance level, shrugging off a stronger dollar, as persistent uncertainties on. . .  Full story

South African logistics group Transnet started operating a new multi-product fuel pipeline on Wednesday, the company's single biggest capital project to. . .  Full story
More than 1,000 workers at Exxaro Resources' Arnot coal mine in South African plan to down tools from Friday to protest. . .  Full story
South Africa's Exxaro Resources made a bid worth up to A$338 million ($349 million) on Wednesday for African Iron, chasing the Australian-listed company's. . .  Full story
African Iron is confident a takeover offer from South Africa's Exxaro Resources will secure 75 percent acceptances, even without its second-biggest shareholder, Equatorial. . .  Full story

A stretch of West Africa's coast spanning more than a dozen countries, the Gulf of Guinea is a growing source of oil, cocoa and metals that are shipped to world markets.. . .  Full story
Company News
SA Corp unitholders are advised that SA Corp has entered into an agreement ("the agreement") with TLP Investments One Three Seven. . .  Full story
Shareholders are advised of the following changes to the Chemspec board of directors ("the board") with effect from 9 January 2012:. . .  Full story
With regard to the announcement " Exxaro cash offer to African Iron Ltd shareholders and listed option holders" released on SENS. . .  Full story
The attention of shareholders was drawn to the joint announcement released by Exxaro and African Iron Ltd ("African Iron") on the. . .  Full story
Company Results
Revenue improved to R268.1 million (R236.9 million) and gross profit rose to R42.4 million (R36.2 million). Profit for the year grew to R10 million (R7.8 million), while headline earnings per share strengthened to 23.80cps (19.36cps). Dividends *First quarter -- A dividend of 4 cents (2010: 4 cents) per share was declared on 22 December 2010 and paid to all shareholders recorded in the share register of the company at the close of business on Friday, 21 January 2011; *Second quart. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0032827.05-193.11-0.58%
JSE Top 4017:0029276.38-205.13-0.70%
JSE Gold17:002889.87-49.14-1.67%
JSE Financial17:0022693.48-48.08-0.21%
JSE Industrial17:0034678.38-289.07-0.83%
JSE Indust 2517:0029036.34-290.74-0.99%
JSE Resource17:0053862.79-250.37-0.46%
DJ Futures20:0012357.00-33.00-0.27%
DJ Ind19:4512421.00-41.47-0.33%
SP 50020:001289.60-2.48-0.19%
FTSE 10018:355670.82-25.88-0.45%
All Ords07:394242.9036.300.86%
NZSE 5006:463236.538.520.26%
NameTimeRPMove% Move
Gold/R kg20:0042804215540.36%
Brent Crude19:46112.23-.80-0.71%
Rand / Dollar19:598.11280.00660.08%
Rand / Pound19:5512.4049-0.1226-0.98%
Rand / Euro19:5510.3006-0.0579-0.56%
Rand / NZD19:586.44940.01440.22%
Rand / AUD19:558.3570-0.0058-0.07%
Yen / Dollar19:5976.89300.04800.06%
Euro / Dollar19:550.78730.00460.59%
Dollar / Euro19:591.2699-0.0071-0.56%
Pound / Dollar19:550.65210.00651.01%

Click here for the Sharenet Spot Price page
The JSE Today

Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 PBT  1931810.29.%2000
2 SABLE  16751056.69.%1900
3 JUBILEE  164106.49.%96522
4 AFRIMAT  460286.48.%22100
5 NICTUS  499296.17.%19674
6 TASTE  195105.41.%243060
7 BAUBA  215115.39.%7215
8 PHUMELELA  1000505.26.%580940
9 HOSP-A  1355655.04.%2055
10 DELTA  850323.91.%150
11 MAZOR  14153.68.%40000
12 AFROX  1800603.45.%104480
13 HUDACO  93033003.33.%36842
14 DRDGOLD  479153.23.%1135288
15 VERIMARK  13043.17.%18050
16 PINNACLE  1183322.78.%266922
17 VILLAGE  22562.74.%12315445
18 COAL  821212.63.%863991
19 IQUAD  25062.46.%10000
20 MUSTEK  585132.27.%1281

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Major Moves Down
SharenameSaleMove% MoveVolume
1 MMG  251-38-13.15.%9664
2 DIAMONDCP  130-15-10.34.%10917
3 OANDO  140-10-6.67.%23041
4 HOLDSPORT  3750-250-6.25.%19263
5 DORBYL  150-10-6.25.%18472
6 TRUSTCO  120-5-4.00.%68949
7 AFRO-C  216-9-4.00.%97036
8 TELEMASTR  158-6-3.66.%10900
9 CALGRO  322-12-3.59.%43000
10 TRNSHEX  340-10-2.86.%16313
11 DCENTRIX  476-14-2.86.%5042
12 WESIZWE  143-4-2.72.%104259
13 BCX  478-12-2.45.%914749
14 URONE  1855-46-2.42.%3136
15 BELL  1760-40-2.22.%14075
16 MTN  13270-300-2.21.%15971623
17 HULAMIN  900-20-2.17.%6829
18 GFIELDS  12550-270-2.11.%1652956
19 EASTPLATS  485-10-2.02.%18496
20 HARMONY  9700-200-2.02.%2103611

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New Highs
SharenameSaleHighMove% MoveVolume
1 SABLE  167516751056.69.%1900
2 NICTUS  499499296.17.%19674
3 TASTE  195200105.41.%243060
4 HUDACO  930394003003.33.%36842
5 PINNACLE  11831209322.78.%266922
6 CLOVER  12251225252.08.%151755
7 MASSMART  18235183502851.59.%427427
8 EOH  29402990351.20.%154491
9 MAS  11101110100.91.%2325
10 RMIH  14831516130.88.%1740089
11 SANLAM  30203045180.60.%3155660
12 LIFEHC  21102147120.57.%3411516
13 RMBH  28352856140.50.%2197111
14 FIRSTRAND  213521700.7711790

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New Lows
SharenameSaleLowMove% MoveVolume

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Index Summary
Index NameRPMove% Move
Top 4029,276.38-205.13-0.70%
Mid Cap44,624.89-20.04-0.04%
Small Cap33,446.6438.160.11%
Resource 2053,862.79-250.37-0.46%
Industrial 2529,036.34-290.74-0.99%
Financial 158,545.19-23.55-0.27%
Financial & Ind. 3032,256.08-274.10-0.84%
All Share32,827.05-193.11-0.58%
Oil & Gas 29,891.457.570.03%
Mining 34,704.57-202.97-0.58%
Gold Mining2,889.87-49.14-1.67%
Platinum Mining62.58-.03-0.05%
GENERAL MINING8,624.98-32.42-0.37%
Oil & Gas Producers 16,
Basic Materials 29,359.90-160.68-0.54%
Chemicals 14,036.46-4.89-0.03%
Forestry & Paper 11,991.33-99.37-0.82%
Industrial Metals 30,849.6882.990.27%
Industrials 29,386.5539.030.13%
General Industrials 82,986.09-101.38-0.12%
Consumer Goods 29,724.90-342.10-1.14%
Automobiles & Parts 4,642.14.000.00%
Household Goods157.3500.17%
Health Care 36,348.75-133.60-0.37%
Beverages 98.59-1.19-1.19%
Index NameRPMove% Move
Food Producers 55,380.56169.490.31%
Personal Goods 426.37-7.09-1.64%
Consumer Services 59,092.51-283.12-0.48%
General Retailers 50,024.02-100.02-0.20%
Travel & Leisure 3,682.41-8.27-0.22%
Support Services 2,
Telecommunications 65,279.21-1246.58-1.87%
Financials 22,693.48-48.08-0.21%
Banks 42,113.63-70.79-0.17%
Non-life Insurance 34,676.20181.870.53%
Life Insurance 18,194.02-25.61-0.14%
General Financial 2,111.67-13.45-0.63%
Technology 26,137.82240.440.93%
SHARIAH TOP40 3,139.30-24-0.76%
FTSE/JSE SHARIAH ALL3,211.61-21-0.66%
COAL MINING23,745.40-134-0.56%
FTSE JSE Fledgling 4,892.19-2-0.04%
FTSE/JSE Alt X 1,221.0850.40%
CAPPED PROPERTY 321.09-0.20%
RESOURCE 29,693.97-147-0.49%
DIVIDEND PLUS181.39-0-0.03%
FTSE/JSE RAFI 406,831.44-36-0.53%
Capped Top 4015,388.99-112-0.72%
Capped All Share16,585.10-99-0.59%
JSE TABACO 4,777.79-80-1.65%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
13 Jan 2012MASNovember 2011 (Q)
13 Jan 2012TELEMASTRSeptember 2012 (Final)
18 Jan 2012FORBESNovember 2011 (Q)
19 Jan 2012ELLIESOctober 2011 (Interim)
19 Jan 2012FIURANIUMDecember 2011 (Q)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
REUNERT5.512-01-0612-01-2012-01-30R 0.0550
AFPREFINV12-01-0612-01-2012-01-30R 0.2518
TELEMASTR11-12-2112-01-1312-01-23R 0.0100
NAMPAK 6.511-12-0812-01-2012-01-30R 0.0650
NAMPAK 6%P11-12-0812-01-2012-01-30R 0.0600
Ex Div**
Share NameDec-DateLDTPay-DateAmount
TIGBRANDS11-11-2312-01-0612-01-16R 5.1000
OCEANA11-11-1012-01-0612-01-16R 1.8300
ADCOCK11-11-2212-01-0612-01-16R 1.0600
BARWORLD11-11-1412-01-0612-01-16R 1.0500
PPC11-11-0812-01-0612-01-16R 0.9500

Upcoming AGMs**
CodeCompany NameDateStatus
BCXBusiness Connexion Group Ltd13/01/2012Unconfirmed
BCABusiness Connexion Group Ltd13/01/2012Unconfirmed
CLSClicks Group Ltd17/01/2012Confirmed
POYPoynting Holdings Ltd18/01/2012Confirmed

Stock Exchange News Service
11/01/201217:33BIIIPL - iNguza Investments (Proprietary) Limited - Listing of Tap Issue
11/01/201217:30 African Eagle Resources plc - Block listing review
11/01/201217:17ABL13 - African Bank Limited - Interest Rate Reset Announcement
11/01/201217:17 Esorfranki Limited - Director`s dealings
11/01/201217:07 Total Client Services Limited - Change to the board of directors
11/01/201217:02 Nutritional Holdings Limited - Registration of special resolutions with
11/01/201217:00 New Europe Property Investments plc - Financial Reporting Schedule
11/01/201216:34 Pioneer Food Group Limited - Dealing in company`s shares by a director
11/01/201215:30 Ububele Holdings Limited - General notice to all Investors - Required
11/01/201215:14STXNIH - Nedbank Capital - Dividend distribution announcement in relation
11/01/201215:13STXNNE - Nedbank Limited - Finalised distribution announcement in relation to
11/01/201214:35 Premium Properties Limited - Dealing in securities by directors
11/01/201214:15IVA214 - iVuzi Investments Limited - Listing of Tap Issue
11/01/201214:13BIIND - iNdwa Investments Limited - Listing of Tap Issue
11/01/201213:58STXIDF - Investec Warrants - Distribution announcement on Satrix 40
11/01/201213:30SA Corporate Real Estate Fund - Voluntary announcement regarding the sale of
11/01/201213:28 Massmart Holdings Limited - Sales Update for the 26 weeks to
11/01/201212:30 British American Tobacco p.l.c. - Notification of transactions of
11/01/201212:00 Chemspec - Changes to the board and new appointments
11/01/201211:16SCIB : TOPSBG - The Standard Bank Of South Africa Limited - Issue of stock
11/01/201211:05 Famous Brands Limited - Dealings in securities
11/01/201210:18 AG Industries Limited - Renewal of cautionary announcement
11/01/201210:17RACP - RECM and Calibre Limited - Disclosure of quarterly portfolio as at 31
11/01/201210:00 Vukile Property Fund Limited - Notice of a disposal of a beneficial
11/01/201209:54 Buildmax Limited - Dealing in securities
11/01/201209:44SCIB - The Standard Bank of South Africa Limited - Issue of Stock Warrants
11/01/201209:00 SABMiller plc - SABMiller Bond Issue
11/01/201208:49 MiX Telematics Limited - Dealings in securities
11/01/201208:19 Exxaro Resources Limited - Teleconference regarding Exxaro`s cash
11/01/201207:05 Exxaro Resources Limited - Exxaro cash offer to African Iron Limited

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