Stocks in South Africa Decline, Led By Anglo American, BHP Billiton, Sasol

South Africa’s FTSE/JSE Africa All Share Index declined 274.75, or 1 percent, to 26,867.75 at 2:09 p.m. in Johannesburg.

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

Anglo American Plc (AGL SJ), the diversified mining company that accounts for more than 9 percent of South Africa’s benchmark stock index, fell 5.70 rand, or 2.1 percent, to 260.29 rand, its biggest intraday drop since Aug. 27. Copper declined in London, paring a second monthly advance, as slower-than- forecast growth in U.S. personal incomes added to speculation the pace of economic recovery in the world’s second-largest user of copper after China may falter. BHP Billiton Plc (BIL SJ), the world’s biggest miner, retreated 3.29 rand, or 1.6 percent, to 203.26 rand.

Cipla Medpro South Africa Ltd. (CMP SJ), a drugmaker, gained 30 cents, or 5.4 percent, to 5.90 rand, its biggest intraday advance in more than two weeks. The company said that first-half profit rose to 109.7 million rand ($14.9 million).

Coal of Africa Ltd. (CZA SJ), a coal miner, fell 50 cents, or 5.3 percent, to 9 rand, its biggest intraday drop since Aug. 12. The company said it has released 500 contractors at the Vele coal project in South Africa while talks continue with government about lifting a suspension at the site.

Impala Platinum Holdings Ltd. (IMP SJ), the second-largest producer of the metal, slipped 5.20 rand, or 2.9 percent, to 171.80 rand. Platinum for immediate delivery slumped as much as 1.5 percent. Anglo Platinum Ltd. (AMS SJ) fell 17 rand, or 2.7 percent, to 613 rand.

Sasol Ltd. (SOL SJ), the largest producer of motor fuels from coal, decreased 2 rand, or 0.7 percent, to 278 rand, paring yesterday’s 1.1 percent advance. Crude oil dropped as much as 1.7 percent to $73.41.

To contact the reporter on this story: Ron Derby in Johannesburg at rderby1@bloomberg.net

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