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AngloGold, SABMiller and Vodacom: South African Equity Preview

By Renee Bonorchis

Nov. 9 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.

South Africa’s FTSE/JSE Africa All Share Index added 35.65, or 0.1 percent, to 25,933.45 on Nov. 6.

Anglo American Plc (AGL SJ): The mining company’s South African coal unit faces a strike if it doesn’t meet demands from miners over child-care facilities, funeral cover and the way workers are tested for the HIV virus that causes AIDS, National Union of Mineworkers’ spokesman Lesiba Seshoka said. The share rose 3.89 rand, or 1.3 percent, to 298 rand.

AngloGold Ashanti Ltd. (ANG SJ): Gold surged to a record as the weakening dollar prompted investors to increase bullion holdings as a store of value. AngloGold, the world’s third biggest producer of the metal gained 10.70 rand, or 3.6 percent, to 312.01 rand.

BSI Steel Ltd. (BSS SJ): The steel trader and processor said fiscal first-half net income fell to 1.2 million rand ($16 million) from 127.5 million rand a year earlier. The stock was unchanged at 64 cents.

Cadiz Holdings Ltd. (CDZ SJ): The money manager publishes fiscal first-half earnings. The Cape Town-based company on Oct. 13 said earnings per share in the six months through Sept. 30 will be between 90 percent and 110 percent higher than the 8.5 cents it reported in the year-ago period. Cadiz gained 20 cents, or 7 percent, to 3 rand.

Lewis Group Ltd. (LEW SJ): The furniture retailer said fiscal first-half net income fell 3.3 percent to 261.3 million rand. The shares slid 1.14 rand, or 2 percent, to 49.75 rand.

Nedbank Group Ltd. (NED SJ): The lender controlled by Old Mutual Plc was downgraded to “underweight” from “neutral” at JPMorgan Chase & Co. by Johannesburg-based banking analyst Mervin Naidoo. The nine month target price was set at 107.47 rand per share. The stock fell 1.47 rand, or 1.3 percent, to 113 rand.

Raubex Ltd. (RBX SJ): The road builder said its fiscal first-half operating profit rose 11 percent to 440.2 million rand. The stock was unchanged at 24 rand.

SABMiller Plc (SAB SJ): The world’s second largest brewing company is being investigated by the Tanzanian competition authorities for anti-competitive behavior, Business Report said, citing Godfrey Mkocha, the director-general of Tanzania’s Fair Competition Commission. The stock fell 3 cents to 205.48 rand.

Sappi Ltd. (SAP SJ): The world’s largest producer of glossy magazine paper reports fiscal fourth-quarter earnings. The stock rose 30 cents, or 1 percent, to 28.65 rand.

Vodacom Group Ltd. (VOD SJ): The largest provider of wireless services to South Africans publishes first-half earnings. The Johannesburg-based mobile-phone operator on Oct. 20 said it may report a first-half loss after a 3.2 billion rand ($425 million) impairment charge related to an acquisition. Vodacom declined 27 cents, or 0.5 percent, to 52.38 rand.

The following stocks will begin trading without the right to the latest dividends:

Adcorp Holdings Ltd. (ADR SJ), Oasis Crescent Property Fund Ltd. (OAS SJ) and Pinnacle Point Holdings Ltd. (PNG SJ).

Shares or American depositary receipts of the following South African companies closed as follows:

Anglo American Plc (AAUKY US) rose 0.9 percent to $19.37. AngloGold Ashanti Ltd. (AU US) gained 3.7 percent to $41.84. BHP Billiton Ltd. (BBL US) added 0.6 percent to $56.92. DRDGold Ltd. (DROOY US) climbed 0.8 percent to $6.28. Gold Fields Ltd. (GFI US) increased 2.2 percent to $14. Harmony Gold Mining Co. (HMY US) advanced 1.8 percent to $10.69. Impala Platinum Holdings Co. (IMPUY US) was little changed at $22.40. Sappi Ltd. (SPP US) climbed 0.8 percent to $3.80. Sasol Ltd. (SSL US) added 0.7 percent to $39.06. Telkom South Africa Ltd. (TLKGY US) slipped 0.9 percent to $21.75.

To contact the reporter on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net.

Last Updated: November 9, 2009 00:55 EST

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