Caxton, IFCA, Shoprite May Be Active: South African Equity Market Preview

The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.

The FTSE/JSE Africa All Share Index rose for the first day in four, adding 372.07, or 1.4 percent, to 27,361.7 in Johannesburg.

BHP Billiton Ltd. (BIL SJ): The world’s largest mining company and Saudi group ACWA Power International may be bidders in the process to buy Alinta Energy Ltd., the Australian Financial Review reported in its Street Talk column, without citing anyone. BHP rose 1.84 rand, or 0.9 percent, to 208.50 rand.

Blue Label Telecoms Ltd. (BLU SJ): The phone-services reseller said earnings before interest, tax, depreciation and amortization jumped 21 percent to 689 million rand ($93.2 million) during the 12 months through May. The stock fell 3 cents, or 0.7 percent, to 4.22 rand.

Caxton and CTP Publishers and Printers Ltd. (CAT SJ): South Africa’s second-largest media company by market value releases its annual results. Shares in the company fell 1 cent, or 0.1 percent, to 12.89 rand.

Eqstra Holdings Ltd. (EQS SJ): The industrial and heavy equipment rental company posted a loss, excluding one-time items and goodwill amortization, of 21.7 cents a share in the 12 months through June 30. The stock was unchanged at 5.30 rand.

Hyprop Investments Ltd. (HYP SJ): The real-estate investor said total assets rose 2 percent to 11 billion rand during the six months through June. The stock increased 1 cent, or less than 0.1 percent, to 52.51 rand.

IFCA Technologies Ltd. (IFC SJ): The company with interests in software services said its loss per share declined by between 40 percent and 50 percent from a year earlier. The shares were unchanged at 8 cents.

Nedbank Group Ltd. (NED SJ): HSBC Holding Plc’s proposed acquisition of a controlling stake in Nedbank will need the approval of South African Finance Minister Pravin Gordhan, the National Treasury said. The country’s Registrar of Banks, Errol Kruger, said he wants Nedbank to retain its listing in Johannesburg and a local chief executive officer if HSBC proceeds with its bid. Nedbank climbed 7.91 rand, or 6 percent, to 139.01 rand.

Shoprite Holdings Ltd. (SHP SJ): South Africa’s largest food retailer releases its annual results. The stock gained 82 cents, or 1 percent, to 82.32 rand.

Standard Bank Group Ltd. (SBK SJ): China Railway Group Ltd. signed an agreement with Standard Bank to study building a $30 billion high-speed railway in South Africa, chairman Li Changjin said. Standard Bank rose 1.15 rand, or 1.1 percent, to 104 rand.

Truworths International Ltd. (TRU SJ): Citigroup Inc. raised its recommendation on the clothing retailer to ‘buy’ from ‘sell.’ Shares in Truworths rose 1.19 rand, or 2.2 percent, to 55.40 rand.

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

Anglo American Plc (AAUKY US) rose 0.6 percent to $18.23. AngloGold Ashanti Ltd. (AU US) slid 1.4 percent to $43.24. BHP Billiton Ltd. (BBL US) dropped 0.5 percent to $56.35. DRDGold Ltd. (DROOY US) declined 2.9 percent to $4.07. Gold Fields Ltd. (GFI US) shed 0.4 percent to $14.07. Harmony Gold Mining Co. (HMY US) fell 1.1 percent to $9.95. Impala Platinum Holdings Co. (IMPUY US) gained 1.8 percent to $24.85. Sappi Ltd. (SPP US) fell 0.4 percent to $4.68. Sasol Ltd. (SSL US) rose 1.6 percent to $38.85.

To contact the reporters on this story: Mike Cohen in Cape Town at mcohen21@bloomberg.net; Nasreen Seria in Johannesburg at nseria@bloomberg.net

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