Anglo Platinum, Avusa, BHP, Mvela May Move: South African Equity 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 fell 51.37, or 0.2 percent, to 28,413.56 in Johannesburg.

Anglo Platinum Ltd. (AMS SJ): Platinum demand will outpace supply in 2012-2015, after being balanced in 2011, Macquarie Bank said in a report. The world’s largest producer of the metal declined 50 cents, or 0.1 percent, to 673.50 rand.

Avusa Ltd. (AVU SJ): One of the South African media company’s shareholders, Mvelaphanda Group Ltd., tried to block Avusa’s June deal to buy Universal Print Group Ltd. and Hirt & Carter Ltd. from UHC Communications Ltd. for 925 million rand ($130 million), the Sunday Times of South Africa said, citing people inside Mvelaphanda that it didn’t identify by name. Avusa holds its annual general meeting today. Avusa rose 6 cents, or 0.3 percent, to 21.06 rand. Mvela gained 4 cents, or 0.8 percent, to 50.5 rand.

BHP Billiton Ltd. (BIL SJ): The world’s largest mining company obtained $45 billion of loans to back its bid for Potash Corp. of Saskatchewan Inc., the underwriters said in a statement. BHP dropped 5 cents, or less than 0.1 percent, to 218.60 rand.

Caxton & CTP Publishers & Printers Ltd. (CAT SJ): The company’s Chief Executive Officer Terry Moolman said shareholder Element One Ltd. tried to break up the control structure of the company, Business Day reported, citing court papers. The shares increased 8 cents, or 0.6 percent, to 13 rand.

Gold Reef Resorts Ltd. (GDF SJ): Peermont Global Ltd. will challenge the awarding of a new casino license in Botswana to Gold Reef in the high court, Business Day said, citing Peermont Chief Executive Officer Anthony Puttergill. The shares advanced 29 cents, or 1.7 percent, to 17.29 rand.

Naspers Ltd. (NPN SJ): Africa’s biggest media company acquired a controlling interest in Multiply, Inc., operator of the Multiply.com social shopping site, according to a regulatory filing. The shares fell 11.76 rand, or 3.7 percent, to 307.74 rand.

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

Anglo American Plc (AAUKY US) fell 0.4 percent to $19.57. AngloGold Ashanti Ltd. (AU US) declined 2.7 percent to $43.61. BHP Billiton Ltd. (BBL US) dropped 0.9 percent to $60.77. DRDGold Ltd. (DROOY US) lost 1.2 percent to $5.12. Gold Fields Ltd. (GFI US) fell 2.7 percent to $14.83. Harmony Gold Mining Co. (HMY US) plummeted 5.8 percent to $11.06. Impala Platinum Holdings (IMPUY US) gained 0.6 percent to $25.55. Sappi Ltd. (SPP US) dropped 1.4 percent to $5.01. Sasol Ltd. (SSL US) rose 0.5 percent to $42.48.

No shares and funds begin trading without the right to their latest dividend.

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

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