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 The Sharenet Daily 
Tuesday, 06 March 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 bond yields at 1 month highs, rand drags prices

By Xola Potelwa

JOHANNESBURG (Reuters) - The rand fell against the dollar on Tuesday, reflecting weakness in emerging market currencies as investors fret about the euro zone debt crisis and global growth, driving government bond yields to one-month highs even after a strong debt auction.

The short to medium term outlook for the currency and bonds was seen as positive, however, as carry trades are expected to support the high-yielding rand while March bond coupon payments should find their way back to cushion the debt market.

The government benchmark 2015 bond yield added 3 basis points to 6.71 percent while the 2026 yield climbed 2.5 basis points to 8.315 percent, levels last seen towards the end of January.

"Euro weakness and subsequent rand weakness has pushed yields to three-week highs, (however) March is a big coupon month which should support in the weeks ahead," said Steve Arnold, a bond trader at Investec Bank.

Yields on government bonds sold at auction earlier on Tuesday fell after the sale as secondary market demand pushed prices higher, especially on the 2021 bond, which attracted bids worth four times the amount of debt on offer.

"Seen in the context of a relatively quiet market, the strong result is quite positive. We believe fiscal data has supported a bond-bullish view, though it has not really come through in general price action yet," Leon Myburgh, sub-Sahara strategist at Citi bank in Johannesburg, said in a note.

The 2021 bond held on to some of those gains at the official close, while the 2018 and 2041 bonds ended steady.

The rand was down 1.22 percent on the dollar to 7.6475, and was the third worst performer in a basket of 20 emerging market currencies tracked by Reuters at 1530 GMT. It closed at 7.5550 in New York on Monday.

Investors are looking to early morning data on Wednesday to see if the central bank has upped its reserves accumulation, which was boosted in January by flows from an international bond sale. The reserves data is due at 0600 GMT.

Tue, 06 Mar 2012
Top News
Miners such as Lonmin were felled by a slide in metal prices and led South African shares lower on Tuesday, with blue chips posting their biggest one-day loss in over 3 months.  Full story

International sanctions have a patchy history, and Iran's oil elite have been dodging them for decades.  Full story
India's Rahul Gandhi failed spectacularly to deliver a promised comeback for his Congress party in crucial state elections, casting fresh doubt on his capacity to become the next member of a storied dynasty to lead the country.  Full story
Searching through piles of bodies after Japan's March 11 tsunami, Kenji Sato was struck by the thought -- he could easily have been one of them, had it not been for his son born earlier that day.  Full story
Six world powers have accepted an Iranian offer for talks on its disputed nuclear programme, the European Union's top diplomat said on Tuesday, after a year's standstill that has increased fears of a slide into a new Middle East war.  Full story
Britain's top share index ploughed down through support levels on Tuesday as slowing global growth and Greece's dithering over its debt swap plan intensified. . .  Full story
U.S. stocks were on track to post their worst day so far in 2012 on Tuesday as recent government data rekindled concerns about. . .  Full story
Gold fell 2 percent in heavy volume on Tuesday after breaching a key support, as renewed concerns about Greece's debt triggered economic fears, while. . .  Full story
Global equities posted their biggest declines in about three months and the euro slumped on Tuesday on a new round of worries that. . .  Full story

European shares hit a one-month closing low on Tuesday after fresh growth and Greek debt-deal concerns drove a long-waited correction, after an almost three-month. . .  Full story
U.S. stocks fell 1 percent at the open on Tuesday on renewed concerns that Greece and private bondholders may not meet a looming. . .  Full story
European shares extended losses into the U.S. open on Tuesday, led by autos and banks.. . .  Full story
European shares were down in thin volumes at midday on Tuesday on concerns Greece would not be able to secure support for its. . .  Full story
SA Business
South Africa's rand opened weaker against the dollar on Tuesday as lower growth expectations for China saw investors cutting their exposure to commodity-linked currencies, while euro weakness may also drag the local currency down.. . .  Full story

Brazil's government promised aggressive new stimulus measures after data showed the economy expanded just 2.7 percent in 2011, raising fears that one of the. . .  Full story
International sanctions have a patchy history, and Iran's oil elite have been dodging them for decades.. . .  Full story
A major South African stock index stocks slid 2 percent on Tuesday as falling gold and platinum prices led to a. . .  Full story
Canadian miner Eastern Platinum recorded a quarterly loss, hurt by an impairment charge on its flagship Crocodile River mine in South. . .  Full story

South Africa's resource of coal bed methane is estimated at around 10 trillion cubic feet, the head of the national petroleum agency said on Tuesday.. . .  Full story
South Africa's biggest furniture maker Steinhoff International reported 48 percent jump in first-half profit, helped by acquisitions and favourable currency swings.. . .  Full story
Company News
Shareholders are advised that, at the annual general meeting of EOH held on 6 March 2012, all the resolutions set out. . .  Full story
Shareholders are referred to the audited financial statements for the year ended 31 December 2011 announcement released on SENS on Monday,. . .  Full story
Stakeholders of the JSE are advised that, as a result of strong revenue performance and tight operating cost control for the. . .  Full story
Holders of Astrapak preference shares are advised that the salient dates for the eleventh dividend declaration in respect of the non-redeemable,. . .  Full story

Capshop announced that one of its subsidiaries has sold 4 060 606 shares of the common stock of Equity One, Inc.. . .  Full story
Fiuranium announced on March 2, 2012 that it had entered into agreements with respect to two separate transactions providing for the. . .  Full story
MMI Holdings Ltd., the diversified financial services group that includes Metropolitan and Momentum, today released a solid set of half-year results. . .  Full story
Taste announced the appointment of Mr. Sebastian Patel to the board as a non-executive director with effect from 5 March 2012.. . .  Full story
Company Results
Revenue grew by 16.6% to R526.1 million (R451.4 million), while operating profit rose by 25.1% to R43.7 million (R34.9 million). Profit. . .  Full story
Revenue improved to R775.5 million (R682.3 million) and gross profit rose to R255.2 million (R230.9 million). However, results from operations dropped. . .  Full story
Revenue for the year ended 31 December 2011 increased to R1.9 billion (2010: R1.8 billion). Operating profit however more than halved. . .  Full story
Net income decreased to R23.9 billion (R24.7 billion). Net attributable profit was down to R805 million (R1.1 billion) and headline earnings. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0033387.04-644.73-1.89%
JSE Top 4017:0029612.31-624.47-2.07%
JSE Gold17:002547.64-58.67-2.25%
JSE Financial17:0024223.63-482.03-1.95%
JSE Industrial17:0036511.08-498.88-1.35%
JSE Indust 2517:0030621.49-455.20-1.46%
JSE Resource17:0050881.33-1371.20-2.62%
DJ Futures20:0012755.00-204.00-1.57%
DJ Ind19:4512763.39-199.42-1.54%
SP 50020:001343.53-20.80-1.52%
FTSE 10018:355765.80-109.02-1.86%
All Ords07:384295.50-58.70-1.35%
NZSE 5006:463401.8313.990.41%
NameTimeRPMove% Move
Gold/R kg20:00410339-3553-0.86%
Brent Crude19:56122.55-1.53-1.23%
Rand / Dollar19:597.65670.11481.52%
Rand / Pound19:5511.99530.04740.40%
Rand / Euro19:5510.04020.05760.58%
Rand / NZD19:586.21070.01710.28%
Rand / AUD19:558.07100.00850.11%
Yen / Dollar19:5980.6550-0.8570-1.05%
Euro / Dollar19:550.76220.00580.77%
Dollar / Euro19:591.3113-0.0101-0.77%
Pound / Dollar19:550.63630.00610.97%

Click here for the Sharenet Spot Price page
The JSE Today

Trading Statistics
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 DIAMONDCP  1754534.62.%1080
2 EFFICIENT  1752113.64.%3900
3 TRADEH  7006410.06.%6422
4 SILVERB  111109.90.%1000
5 MVELASERV  1190726.44.%30063623
6 PERGRIN  1080555.37.%11183
7 CLIENTELE  1125504.65.%935056
8 HOWDEN  1975753.95.%2210
9 HWANGE  395153.95.%1270
10 LITHA  320103.23.%949213
11 ROLFES  390123.17.%89100
12 EXCELL  10532.94.%15000
13 ELLIES   30572.35.%2317190
14 TELKOM  2535552.22.%957231
15 BLACKSTAR  950202.15.%1003724
16 ZEDER  25951.97.%208602
17 COMAIR  15931.92.%43568
18 ITLTILE  53991.70.%10566
19 MARSHALL  605101.68.%40758
20 KAP  31051.64.%80000

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Major Moves Down
SharenameSaleMove% MoveVolume
1 GBGOLD  610-73-10.69.%19593
2 HOSP-A  1180-120-9.23.%1504249
3 HULAMIN  770-50-6.10.%251073
4 WESIZWE  135-8-5.59.%368817
5 LONMIN  12360-709-5.43.%1407029
6 BEE-SASOL  26510-1490-5.32.%399
7 EASTPLATS  414-22-5.05.%76549
8 MMI-HLDGS  1830-93-4.84.%9644262
9 GOLIATH  400-20-4.76.%16000
10 CERAMIC  10000-500-4.76.%580
11 AQUARIUS  1606-78-4.63.%479709
12 JSE  7636-354-4.43.%331569
13 URONE  2240-81-3.49.%26517
14 ANGLOPLAT  56110-2000-3.44.%316682
15 RAUBEX  1433-51-3.44.%92247
16 SANLAM  3043-107-3.40.%5419673
17 AFGRI  560-19-3.28.%12430
18 NEPI  3415-115-3.26.%185378
19 SASFIN  3005-95-3.06.%1360
20 ANGGOLD  30010-940-3.04.%1605347

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New Highs
SharenameSaleHighMove% MoveVolume
1 DIAMONDCP  1751754534.62.%1080
2 ROLFES  390398123.17.%89100
3 MEDCLIN  36623683130.36.%60334
4 AMA  2802950.770939
5 TIGBRANDS  2645526779-144-0.54.%494688
6 PINNACLE  13651392-9-0.66.%856701
7 ACUCAP  41004324-50-1.20.%26602

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New Lows
SharenameSaleLowMove% MoveVolume
1 GBGOLD  610605-73-10.69.%19593
2 HOSP-A  11801180-120-9.23.%1504249

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Index Summary
Index NameRPMove% Move
Top 4029,612.31-624.47-2.07%
Mid Cap46,651.82-535.67-1.14%
Small Cap34,934.84-202.22-0.58%
Resource 2050,881.33-1371.20-2.62%
Industrial 2530,621.49-455.20-1.46%
Financial 159,168.08-203.73-2.17%
Financial & Ind. 3034,191.21-588.37-1.69%
All Share33,387.04-644.73-1.89%
Oil & Gas 29,815.78-681.07-2.23%
Mining 32,571.89-884.88-2.64%
Gold Mining2,547.64-58.67-2.25%
Platinum Mining60.61-1.81-2.90%
GENERAL MINING8,137.74-226.74-2.71%
Oil & Gas Producers 16,031.39-366.20-2.23%
Basic Materials 27,880.25-740.88-2.59%
Chemicals 15,237.55-28.20-0.18%
Forestry & Paper 13,673.20-248.95-1.79%
Industrial Metals 31,750.53-887.20-2.72%
Industrials 31,530.18-437.34-1.37%
General Industrials 87,048.33-1590.55-1.79%
Consumer Goods 31,410.46-466.01-1.46%
Automobiles & Parts 4,929.73-13.58-0.27%
Household Goods173.12-3-1.90%
Health Care 38,239.64-145.76-0.38%
Beverages 105.10-1.35-1.27%
Index NameRPMove% Move
Food Producers 58,336.91-329.60-0.56%
Personal Goods 449.44-11.79-2.56%
Consumer Services 61,748.91-1053.01-1.68%
General Retailers 51,971.71-817.53-1.55%
Travel & Leisure 3,689.23-16.93-0.46%
Media 87.83-2.49-2.76%
Support Services 2,475.5663.872.65%
Telecommunications 67,142.25-395.94-0.59%
Financials 24,223.63-482.03-1.95%
Banks 45,772.27-771.79-1.66%
Non-life Insurance 40,008.58-1069.38-2.60%
Life Insurance 19,119.92-632.75-3.20%
General Financial 2,308.76-47.30-2.01%
Technology 27,334.774.630.02%
SHARIAH TOP40 3,069.34-72-2.29%
FTSE/JSE SHARIAH ALL3,168.66-68-2.09%
COAL MINING27,763.64-631-2.22%
FTSE JSE Fledgling 5,262.01-5-0.09%
FTSE/JSE Alt X 1,333.53-12-0.91%
CAPPED PROPERTY 333.51-1.11%
RESOURCE 28,129.46-745-2.58%
DIVIDEND PLUS194.23-3-1.76%
FTSE/JSE RAFI 406,989.80-142-1.99%
Capped Top 4015,638.70-324-2.03%
Capped All Share16,894.20-324-1.88%
JSE TABACO 4,804.6220.03%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
07 Mar 2012ASPENDecember 2011 (Interim)
07 Mar 2012ASPENPREFDecember 2011 (Interim)
07 Mar 2012KAPDecember 2011 (Interim)
07 Mar 2012MTN GROUPDecember 2011 (Final)
07 Mar 2012RMIHDecember 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
PSG12-03-0212-03-2312-04-02R 0.5600
SPURCORP12-03-0112-03-1512-03-26R 0.4000
LIB-HOLD12-03-0112-03-1512-03-26R 0.7700
CAPITEC12-03-0112-03-1512-03-26R 3.0000
BOWCALF12-03-0112-03-1512-03-26R 0.1600
Ex Div**
Share NameDec-DateLDTPay-DateAmount
HUDACO12-01-2612-03-0212-03-12R 3.1000
GFIELDS12-02-1712-03-0212-03-12R 2.3000
ANGLD12-02-1512-03-0212-03-16R 2.0000
DISTELL12-02-1512-03-0212-03-12R 1.4300
IMPLATS12-02-1612-03-0212-03-12R 1.3500

Upcoming AGMs**
CodeCompany NameDateStatus
EOHEOH Holdings Ltd.06/03/2012Confirmed
QPGQuantum Property Group Ltd.08/03/2012Confirmed

Stock Exchange News Service
06/03/201217:35 Old Mutual Plc - Notification of transactions of directors, persons
06/03/201216:58ABS7 - Absa Bank Limited - New Financial Instrument Listing
06/03/201216:53 EOH Holdings Limited - Results of Annual General Meeting
06/03/201216:49 MICROmega Holdings Limited - Correction to the audited financial
06/03/201216:09 DRDGOLD Limited - Exercise of options and sale of shares
06/03/201216:00 British American Tobacco p.l.c. - Notification of transactions by
06/03/201215:54 JSE Limited - Trading Statement
06/03/201215:44 Gold Fields Limited - Dealing in securities by director
06/03/201215:36APKP - Astrapak Limited - Dividend declaration in respect of 351.123 cents per
06/03/201215:17 Eastern Platinum Limited - Management`s discussion and analysis of
06/03/201215:14 Eastern Platinum Limited - Consolidated financial statements of Eastern
06/03/201215:10 Eastern Platinum Limited - Eastern Platinum reports results for the
06/03/201214:29 Litha Healthcare Group Limited - Revised trading statement
06/03/201214:00SHF - Steinhoff International Holdings Limited - Unaudited interim results
06/03/201213:43BIFR1 - FirstRand Bank Limited - Interest Rate Reset Announcement
06/03/201213:30 Growthpoint Properties Limited - Dealing in securities by director
06/03/201213:22 William Tell Holdings Limited - Receipt of fourth payment in respect
06/03/201213:00 AECI Limited - Exercise of options and sale of ordinary shares by a
06/03/201212:25 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
06/03/201212:16HPA/HPB - Hospitality - Unaudited Interim results for the six months ended 31
06/03/201211:48 Nedbank Group Limited - Dealings in securities by executive director
06/03/201211:23 KAP International Holdings Limited - Unaudited Interim Group Results
06/03/201211:08RMBINF - RMB Government Inflation Linked Bond Fund - Distribution announcement -
06/03/201211:07RMBT40 - RMB Top 40 - Distribution announcement - salient dates
06/03/201210:39 Metair Investments Limited - Abridged audited results for the year ended
06/03/201210:30 The Foschini Group Limited - Directors Dealing in Securities: Delivery of
06/03/201210:18BIIVU - iVuzi Investments Limited - Listing of New Financial Instrument
06/03/201210:17BIIVU - iVuzi Investments Limited - Listing of Tap Issue
06/03/201210:16BIIND - iNdwa Investments Limited - New Instrument Listing and Tap Issue
06/03/201209:46MWNT - Mine Waste Solutions (Proprietary) Limited - First Uranium secured
06/03/201209:46 Skinwell - Proposed Name Change; Acquisition of the Perfect 10 Franchise
06/03/201209:40INVS - Investec Warrants - Taxation announcement for dividends on enhanced
06/03/201209:33 SA French Limited - Appointment of independent Non-Executive Directors
06/03/201209:22 Blackstar Group SE - Notification on behalf of Weiss Asset Management
06/03/201209:17 Blackstar Group SE - Notification of major interest in shares
06/03/201209:00 Blackstar Group SE - Blackstar net asset value update
06/03/201209:00 Capital Shopping Centres Group Plc - Disposal of 4.06 million shares in
06/03/201208:56 Sea Kay Holdings Limited - Further cautionary announcement
06/03/201208:39 Taste Holdings Limited - Appointment of a Non-executive Director
06/03/201208:37 Uranium One Inc - Uranium One Announces Record Revenue of $530 Million and
06/03/201208:01STXIND - Satrix Indi Portfolio - Listing of additional securities
06/03/201208:00STX40 - SATRIX 40 - Listing of additional Satrix 40 securities
06/03/201207:56 First Uranium Corporation - First Uranium unsecured convertible
06/03/201207:30 Merafe Resources Limited - Abridged Audited Group Annual Financial
06/03/201207:28 Bonatla Property Holdings Limited - Acquisition of Eagle Creek Investments
06/03/201207:10 British American Tobacco p.l.c - Transaction in own shares
06/03/201207:07 Anglo American plc - PDMR/Directors` Interests
06/03/201207:06 Anglo American plc - Director/PDMR Interests - Bonus Share Plan - 2012
06/03/201207:06 MMI Holdings Limited - MMI puts solid platform in place for future growth
06/03/201207:05 Anglo American plc - Director/PDMR shareholding
06/03/201207:05BIIIPL - iNguza Investments (Proprietary) Limited - Partial Capital Redemption
06/03/201207:05BRT/BRN - Brimstone Investment Corporation Limited - Reviewed results for the
06/03/201207:05 MMI Holdings Limited - Holdings unaudited group results for the six months

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