Nov. 2 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index dropped for a second day, sliding 247.82, or 0.9 percent, to 26,112.73 in Johannesburg.

The following were among the most active stocks in the South African market today.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s largest gold producer, climbed 10.20 rand, or 3.5 percent, to 300.10 rand, snapping four days of declines. Gold Fields Ltd. (GFI SJ), the second-biggest, rose 1.29 rand, or 1.3 percent, to 101.79 rand. The precious metal for immediate delivery advanced as much as 1.7 percent to $1,062.88 in London, a one-week high, as the dollar declined, spurring demand for the precious metal as an alternative asset.

MTN Group Ltd. (MTN SJ) dropped 2.89 rand, or 2.5 percent, to 114.61 rand, reversing a 0.9 percent gain on Oct. 30. The South African mobile-phone operator that abandoned a $23 billion bid to tie-up with India’s Bharti Airtel Ltd., will seek partnerships or acquisitions in Asia to boost earnings, said Chief Executive Officer Phuthuma Nhleko in an interview.

Illovo Sugar Ltd. (ILV SJ) climbed for a third day, adding 21 cents, or 0.6 percent, to 35.71 rand. The company’s Malawi unit said net income in the six months through September climbed to 3.6 billion kwacha ($25.5 million) from 3.04 billion kwacha a year earlier.

To contact the reporter on this story: Janice Kew in Johannesburg at jkew1@bloomberg.net.

Last Updated: November 2, 2009 10:54 EST