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Avusa, BHP, Gold Fields, Hosken: South African Stocks Preview

By Garth Theunissen and Renee Bonorchis

Nov. 4 (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 fell for a third day, sliding 357.13, or 1.4 percent, to 25,755.60 at the close in Johannesburg.

Avusa Ltd. (AVU SJ): The media and entertainment company said it expects earnings per share excluding items in the six- months to end-September to be between 55 and 65 percent lower than the corresponding period last year, according to a stock exchange statement. Avusa’s shares fell 1 rand, or 4.6 percent, to 21 rand.

BHP Billiton Ltd. (BIL SJ): The world’s largest mining company failed to reach an agreement with striking workers at its Spence copper mine in Chile today, union officials said. BHP dropped 4.85 rand, or 2.2 percent, to 211.26 rand.

Country Bird Holdings Ltd. (CBH SJ): The chicken producer terminated talks with Sovereign Food Investments Ltd. that may have led to it acquiring the food company, Business Day reported, citing Robbie Taylor, a financial director at Country Bird. Country Bird’s stock retreated 10 cents, or 2.9 percent, to 3.30 rand.

Gold Fields Ltd. (GFI SJ): Africa’s second-biggest producer of the metal holds its annual general meeting. The stock dropped 29 cents, or 0.3 percent, to 101.50 rand.

Harmony Gold Mining Co Ltd. (HAR SJ): Africa’s third biggest producer of the metal was downgraded to “underperform” from “neutral” at Barnard Jacobs Mellet. Harmony fell 2.44 rand, or 3.1 percent, to 76.41 rand.

Hosken Consolidated Investments Ltd. (HCI SJ): The investment company with gaming interests said earnings per share excluding items in the six months to end-September are expected to be between 100 cents and 110 cents, compared with 124 cents in the same period last year, according to a stock exchange filing. HCI’s stock decreased 1.50 rand, or 2.1 percent, to 70.50 rand.

Wesizwe Platinum Ltd. (WEZ SJ): The explorer of the precious metal said its board of directors asked Chief Executive Officer Michael Solomon and Chairman Robert Rainey to step down with immediate effect, according to a stock exchange statement. Wesizwe’s stock rose 4 cents, or 2.1 percent, to 1.94 rand.

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

Anglo American Plc (AAUKY US) rose 1.2 percent to $18.70. AngloGold Ashanti Ltd. (AU US) gained 10 percent to $41.55. BHP Billiton Ltd. (BBL US) added 0.4 percent to $55.16. DRDGold Ltd. (DROOY US) rose 9.7 percent to $6.33. Gold Fields Ltd. (GFI US) climbed 9.3 percent to $14.01. Harmony Gold Mining Co. (HMY US) added 5.5 percent to $10.37. Impala Platinum Holdings Co. (IMPUY US) gained 3.2 percent to $21.75. Sappi Ltd. (SPP US) lost 1.6 percent to $3.61. Sasol Ltd. (SSL US) rose 1.3 percent to $37.49. Telkom South Africa Ltd. (TLKGY US) dropped 0.4 percent to $21.27.

To contact the reporter on this story: Garth Theunissen in Johannesburg gtheunissen@bloomberg.netRenee Bonorchis in Johannesburg at rbonorchis@bloomberg.net.

Last Updated: November 4, 2009 01:03 EST

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