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 The Sharenet Daily 
Monday, 22 December 2014 - 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)

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Seed Weekly - Let?s Recap on 2014

Local Economy

South Africa is facing many headwinds – some of the factors contributing to the restricted economic growth are:

The Rand
In view of the rand getting hammered during the last couple of months to its weakest level vs the US dollar in 6 years, there was some good news with Fitch’s decision not to downgrade SA’s credit rating earlier this week. This meant that the rand firmed against the US Dollar after big recent losses but there is still concern, as analysts predict that SA’s credit rating could still be cut within the next six months. At time of writing the rand was trading at R 11.57 to the US dollar, R 18.08 to the British pound, and R 14.22 to the euro.

The weak rand continues to pose risks to the inflation outlook, given its vulnerability to swings in market sentiment as investors speculate on the timing and scale of monetary policy normalisation. CPI figure for the year as at end of November sits at 5.81\%. It is still within its target of 3%-6%. A sharply lower oil price will, however, put a big brake on inflation going forward.

Current Account and Budget Deficit
With the current account being traditionally funded by foreign portfolio inflows, the persistently large shortfalls on the budget and current accounts increase our vulnerability. The concern here would be that the United States is expected to raise interest rates in 2015, which in turn would reduce the appetite for investing in emerging markets.

Trade Deficit
The cumulative trade deficit for 2014 stands at R 95bn as at the end of October and this is R 20bn more compared to the same time in 2013.

Unemployment Rate
The unemployment rate is over 25%.

Major role players state that load shedding and Eskom problems have cost us R 6bn so far – and that we could face electricity shortages for the next three to five years with the energy-hungry manufacturing and mining industries to be hit the hardest.


The world is in a general low growth, low demand, state with an oversupply of labour and commodities and a large supply of liquidity.

In the US, the stronger dollar represents a headwind for their economy but does help with their inflation. The low oil price (still under $ 60 per barrel) and low interest rate is also a welcome boost to their economy.

The emerging markets are slowing down with the MSCI emerging markets returning 2.2% year to date, compared to the developed markets which have returned 6.7% thus far. The big question is whether US growth will be strong enough to counter the falling growth in emerging markets and Europe in the coming year. European growth is only estimated to be 1.3% for 2015.

As expected, the above factors (among others) have had a major impact on the market for the year which is evident by looking at the year to date performance.

An ALSI return of 10.0%* for the year thus far, compared to 21.4% for 2013, makes for ugly reading.

There is, however, light at the end of the tunnel and long term investors should not be too concerned. In this environment, we are pleased that our unit trust funds have outperformed their benchmarks and peers for the year. (Figures below)

We want to make use of this opportunity to thank all our clients for their loyal support. Have a blessed Christmas and may 2015 be a prosperous year and one where South Africa brings home Cricket and Rugby World Cups.

Kind regards,

Renier Hugo

021 914 4966

Mon, 22 Dec 2014
Top News
South African stocks fell on Monday, dragged down by blue-chip heavyweight Sasol as the price of crude oil gave up earlier gains and skidded back towards $60 a barrel, while views that some shares might have been overbought also weighed.  Full story

South Africa's rand ended slightly firmer against the U.S. dollar on Monday, although it struggled to find momentum given the lack of market-moving news in lethargic holiday trade.  Full story
Two bomb explosions at a bus station in the northeast Nigeria on Monday killed at least 20 people and wounded 40, an emergency services official said, and witnesses said many of the victims had rushed in to help those wounded in the first blast.  Full story
New York Mayor Bill de Blasio faced the biggest crisis of his political career on Sunday after a gunman killed two police officers in an attack intended to avenge recent police killings of unarmed black men in the United States.  Full story
China's ruling Communist Party announced a corruption investigation into a one-time senior aide to former president Hu Jintao on Monday, as President Xi Jinping opens another front in his sweeping battle against deep-rooted graft.  Full story
Gold dropped more than 1 percent and silver slid 3 percent on Monday, triggering automatic sell orders in thin pre-holiday dealings after U.S. existing. . .  Full story
Equity markets worldwide edged higher on Monday after European energy shares rose, even as oil prices remained volatile. U.S. stocks. . .  Full story
China stocks closed up on Monday in volatile trade as electrical utilities rose and banks spiked, but gains were capped by news that. . .  Full story
Hong Kong shares produced solid gains on Monday, underpinned by gains in mainland markets plus stability in crude oil prices and the Russian. . .  Full story

Japanese stocks advanced on Monday as rebounding crude prices underpinned oil-related shares. The Nikkei benchmark ticked up 0.1 percent. . .  Full story
Australian shares rose for the fourth consecutive session on Monday in a holiday-shortened week, led energy and resources companies in a broad-based rally that. . .  Full story
Equity markets worldwide extended the week's rally on Friday and oil prices rebounded from recent lows, as investors closed out the last full. . .  Full story
Gold edged lower on Friday, struggling with the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased on. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0049339.32-47.39-0.10%
JSE Top 4017:0043583.20-72.66-0.17%
JSE Gold17:001113.28-3.02-0.27%
JSE Financial17:0040483.96103.570.26%
JSE Industrial17:0069924.7590.140.13%
JSE Indust 2517:0061885.6372.470.12%
JSE Resource17:0041634.18-466.49-1.11%
DJ Futures19:5817865.00106.000.60%
DJ Ind19:5817900.2695.460.54%
SP 50019:582071.871.220.06%
FTSE 10018:356576.7431.470.48%
All Ords07:475414.10101.401.91%
NZSE 5006:285541.7413.990.25%
NameTimeRPMove% Move
Gold $19:591180.91-14.12-1.18%
Gold R19:5713639.14-186.43-1.35%
Gold R/kg19:58438286-6191-1.39%
Silver $19:5915.6720-.4400-2.73%
Platinum $19:591183.39-9.51-0.80%
Palladium $19:59814.819.911.23%
Brent Crude19:5860.411.141.92%
Rand / Dollar19:5911.5492-0.0200-0.17%
Rand / Pound19:5517.9890-0.0701-0.39%
Rand / Euro19:5514.1493-0.0060-0.04%
Rand / NZD19:578.9376-0.0265-0.30%
Rand / AUD19:559.4046-0.0218-0.23%
Yen / Dollar19:59119.89200.39000.33%
Euro / Dollar19:570.8162-0.0017-0.21%
Dollar / Euro19:591.22520.00240.20%
Pound / Dollar19:550.64050.00090.14%

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 KIBO  1481813.85.%5197
2 BELL  99512013.71.%12542
3 DELTA  4284311.17.%31269
4 SEARDEL  1651510.00.%153826
5 WESCOAL  228157.04.%29313
6 CMH  1300857.00.%38
7 EQSTRA  313206.83.%1340118
8 ELLIES   13086.56.%324578
9 STEFSTOCK  671416.51.%328758
10 BASREAD  430256.17.%950
11 RHODES  1509795.52.%124754
12 RCL  1850905.11.%80574
13 ASCEN_A  525255.00.%343779
14 CALGRO  1240514.29.%67677
15 MASSMART  144855263.77.%498458
16 PINNACLE  1227423.54.%201551
17 BEE-SASOL  3530012003.52.%80
18 TONGAAT  169005663.47.%91545
19 GFIELDS  51201683.39.%1261771
20 MONTAUK  25183.29.%91976

Click here for more Major Moves...
Major Moves Down
SharenameSaleMove% MoveVolume
1 ATLATSA  199-31-13.48.%10644
2 CLOVER  1695-255-13.08.%3130510
3 SEKUNJALO  120-10-7.69.%33450
4 FONEWORX  250-19-7.06.%5000
5 ASSORE  14450-983-6.37.%131014
6 VUNANI  160-10-5.88.%120
7 ARCMITTAL  2658-154-5.48.%1317383
8 DRDGOLD  205-10-4.65.%779887
9 CAPEVINH  860-40-4.44.%44070
10 SIBANYE  2218-91-3.94.%2122045
11 DAWN  720-29-3.87.%8775
12 SASOL  43500-1712-3.79.%1041000
13 WBHO  12032-388-3.12.%25887
14 NUWORLD  2490-70-2.73.%40
15 NORTHAM  3730-102-2.66.%514381
16 PHUMELELA  1800-49-2.65.%19830
17 KUMBAIO  24067-633-2.56.%203730
18 RBPLAT  5167-133-2.51.%109404
19 HARMONY  1985-50-2.46.%878162
20 FORTRESSB  1805-45-2.43.%565251

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New Highs
SharenameSaleHighMove% MoveVolume
1 CALGRO  12401240514.29.%67677
2 PNR-FOODS  14548149991701.18.%187366
3 DELPROP  875897101.16.%601043
4 NEPI  11725118001251.08.%91607
5 PSG  12357124741180.96.%20305
6 JSE  1212012214650.54.%83179
7 CARTRACK  9509990.56350
8 CAPITEC  3266632999-14-0.04.%64882
9 REDEFINE  10881098-3-0.27.%3855524
10 ASTRAL  1750117950-47-0.27.%168658

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New Lows
SharenameSaleLowMove% MoveVolume
1 HOSP-A  13551313-25-1.81.%6893
2 MIXTEL  300299-5-1.64.%400565
3 AFROX  15421515161.05.%24787

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Index Summary
Index NameRPMove% Move
Top 4043,583.20-72.66-0.17%
Mid Cap69,254.52277.930.40%
Small Cap57,134.51-186.99-0.33%
Resource 2041,634.18-466.49-1.11%
Industrial 2561,885.6372.470.12%
Financial 1515,423.9937.360.24%
Financial & Ind. 3065,983.6788.540.13%
All Share49,339.32-47.39-0.10%
Oil & Gas 32,914.04-1293.84-3.78%
Mining 24,816.59-132.04-0.53%
Gold Mining1,113.28-3.02-0.27%
Platinum Mining33.94-.59-1.71%
GENERAL MINING7,226.28-30.94-0.43%
Oil & Gas Producers 17,697.27-695.68-3.78%
Basic Materials 22,637.15-115.08-0.51%
Chemicals 22,389.6729.910.13%
Forestry & Paper 32,645.32-8.28-0.03%
Industrial Metals 13,698.15-405.23-2.87%
Industrials 46,028.2754.030.12%
General Industrials
Consumer Goods 63,299.9390.130.14%
Automobiles & Parts 7,332.32-138.13-1.85%
Household Goods404.63-3-0.64%
Health Care 10,244.21-47.34-0.46%
Beverages 207.56.810.39%
Index NameRPMove% Move
Food Producers 9,419.7641.010.44%
Personal Goods 1,044.21-5.29-0.50%
Consumer Services 13,807.7839.960.29%
General Retailers 71,924.09694.400.97%
Travel & Leisure 6,136.8716.760.27%
Media 322.61.510.16%
Support Services 2,896.60-49.51-1.68%
Telecommunications 10,743.8034.490.32%
Financials 40,483.96103.570.26%
Banks 71,584.08241.040.34%
Non-life Insurance 54,107.08-765.67-1.40%
Life Insurance 37,185.1193.660.25%
General Financial 3,943.3821.380.55%
Technology 49,394.95-185.92-0.37%
SHARIAH TOP40 3,460.71-28-0.80%
FTSE/JSE SHARIAH ALL3,720.34-24-0.63%
COAL MINING13,466.00-114-0.84%
FTSE JSE Fledgling 6,506.08190.29%
FTSE/JSE Alt X 1,402.07-1-0.09%
RESOURCE 22,778.45-267-1.16%
DIVIDEND PLUS228.11-0-0.00%
FTSE/JSE RAFI 409,362.87-9-0.10%
Capped Top 4023,264.89-41-0.17%
Capped All Share25,025.80-24-0.10%
JSE TABACO 8,151.501271.58%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
24/12/2014WINHOLDSeptember 2014 (Final)
25/12/2014HWANGEDecember 2013 (Final)
25/12/2014HWANGE-ADecember 2013 (Final)
31/12/2014CHEMSPECSeptember 2014 (Interim)
31/12/2014CHEMSPECPREFSeptember 2014 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
CULLINAN19/12/1409/01/1519/01/15ZAR 0.0100
AMECOR18/12/1409/01/1519/01/15ZAR 0.0650
REX TRUE6%15/12/1402/01/1512/01/15ZAR 0.0600
AF-OVR 6%PP15/12/1402/01/1512/01/15ZAR 0.0600
ECSP A15/12/1409/01/1519/01/15ZAR 0.9589
Ex Div**
Share NameDec-DateLDTPay-DateAmount
STANPROP21/11/1417/12/1409/01/15ZAR 0.8471
STANLIB4021/11/1417/12/1409/01/15ZAR 0.2441
RMBTOP4027/11/1417/12/1430/12/14ZAR 0.2395
RMBINFX27/11/1417/12/1430/12/14ZAR 0.1640
STANLIBSX21/11/1417/12/1409/01/15ZAR 0.0616

Upcoming AGMs**
CodeCompany NameDateStatus

Stock Exchange News Service
22/12/201417:30MTN GROUP LIMITED - Allocation of MTN Group shares in accordance with the Perfor...
22/12/201417:30ELLIES HOLDINGS LIMITED - Dealings in securities by a director
22/12/201417:10SUN INTERNATIONAL LIMITED - Sun Internationals proposed partnership with a strat...
22/12/201417:00TRADEHOLD LIMITED - Results of General Meetings
22/12/201417:00CAPITAL & COUNTIES PROPERTIES PLC - Director and Connected Person Share Dealings
22/12/201417:00GIJIMA GROUP LIMITED - Results of Rights Offer
22/12/201416:40REDEFINE PROPERTIES LIMITED - Interest Rate Reset: RDFB02
22/12/201416:30EOH HOLDINGS LIMITED - Dealings In Securities By A Director
22/12/201416:30BUFFALO COAL CORP - Update on Dundee operation
22/12/201416:30DENEB INVESTMENTS LIMITED - Exercise of Options by Directors and Directors of a ...
22/12/201416:29NU-WORLD HOLDINGS LIMITED - Posting of Integrated Report for year end August 201...
22/12/201416:00COMMISSIONER STREET NO 1 (PTY) LTD - Coupon Interest Payment Delay - MFS1A1, MFS...
22/12/201415:48TELEMASTERS HOLDINGS LIMITED - Abridged Condensed Unaudited Consolidated Results...
22/12/201415:40REDEFINE PROPERTIES LIMITED - Interest Rate Reset: RDFB03
22/12/201415:15BRITISH AMERICAN TOBACCO PLC - Notification of transactions by directors, person...
22/12/201415:15OLD MUTUAL PLC - Public Opening Position Disclosure/Dealings Disclosure
22/12/201415:15LONMIN PLC - Directors dealings
22/12/201415:15PPC LIMITED - Withdrawl of Nomination
22/12/201415:03THE STANDARD BANK OF SA LTD - Total Delisting - CLN389
22/12/201415:00ATTACQ LIMITED - Dealings in securities by an associate of a director and by the...
22/12/201414:00POYNTING HOLDINGS LIMITED - Proposed Sale Of Shares And Claims, Proposed Specifi...
22/12/201413:06MPACT LIMITED - Dealings in securities by the Mpact Limited Incentive Scheme Tru...
22/12/201413:00BETTABETA CIS - Index rebalance announcement - BGREEN
22/12/201413:00BETTABETA CIS - Index rebalance announcement - BBET40
22/12/201412:33PPC LIMITED - Posting of Integrated Report, No Change Statement and Notice of An...
22/12/201412:00COAL OF AFRICA LIMITED - Holdings in Company
22/12/201411:52BELL EQUIPMENT LIMITED - Dealing in securities by a director
22/12/201411:10CAPITEC BANK HOLDINGS LIMITED - Dealing in securities by a director
22/12/201410:51RCS INVESTMENT HOLDINGS LTD - Release of Annual Financial Results - RCSB03 - RCS...
22/12/201410:50FAMOUS BRANDS LIMITED - Dealings in Securities by Directors
22/12/201410:45ANGLO AMERICAN SA FINANCE LTD - Interest Rate Reset - AA04
22/12/201410:00CLOVER INDUSTRIES LIMITED - Withdrawal of cautionary announcements
22/12/201409:36EQSTRA HOLDINGS LIMITED - Dealing in securities by a director
22/12/201409:35SENTULA MINING LIMITED - Dealings in securities by a director
22/12/201409:10NEW GOLD ISSUER LIMITED - Partial De-listing of NewGold Debentures
22/12/201409:01GLENCORE PLC - GLN - Total Voting Rights
22/12/201409:00SIRIUS REAL ESTATE LIMITED - Completed acquisition of two properties for 48.9 Mi...
22/12/201409:00GLENCORE PLC - GLN - Transaction in own shares
22/12/201409:00THE THEKWINI FUND 8 (RF) LIMITED - Redemption of notes - THE8A3, THE8B1, THE8C1,...
22/12/201408:56RBA HOLDINGS LIMITED - Circular, notice of general meeting and declaration annou...
22/12/201408:45METAIR INVESTMENTS LIMITED - Dealings in securities
22/12/201408:00BARLOWORLD LIMITED - No change statement and notice of agm
22/12/201407:39CAMAC ENERGY INCORPORATED - Recast historical financials following Dec 2013 year...
22/12/201407:05BHP BILLITON PLC - Notice of Change of Interest - G Healy
22/12/201407:05BHP BILLITON PLC - Notice of Change of Interest - T Cudmore
22/12/201407:05BHP BILLITON PLC - Notice of Change of Interest - J McAloon
22/12/201407:05BHP BILLITON PLC - Notice of Change of Interest - J Wilson
22/12/201407:05BHP BILLITON PLC - Notice of Change of Interest - D Dalla Valle
22/12/201407:05BHP BILLITON PLC - Change of Director's Interest Notice - W Murdy
22/12/201407:05BHP BILLITON PLC - Notice of Change of Interest - T Cutt
22/12/201407:05BHP BILLITON PLC - Notice of Change of Interest - P Beaven
22/12/201407:05BHP BILLITON PLC - Notice of Change of Interest - D Malchuk
22/12/201407:05BHP BILLITON PLC - Change of Director's Interest Notice - A Mackenzie
22/12/201407:05BHP BILLITON PLC - Notice of Change of Interest - M Henry
22/12/201407:05BHP BILLITON PLC - Change of Director's Interest Notice - L Maxsted

Click here for more SENS news