Kumba, Sasol, Shoprite, Woolworths 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 climbed for a second day, rising 13.81, or 0.1 percent, to 28,724.74 in Johannesburg.

Digicore Holdings Ltd. (DGC SJ): The maker of vehicle tracking devices said full-year sales fell 8 percent. Shares in the Pretoria-based company rose 2 cents, or 0.6 percent, to 3.17 rand.

Fairvest Property Holdings Ltd. (FVT SJ): The property- investment company reported revenue of 19.8 million rand ($2.8 million) in the 15 months ended June 30. Fairvest was unchanged at 99 cents.

Kumba Iron Ore Ltd. (KIO SJ): The miner is facing a strike over pay after wage talks with South Africa’s National Union of Mineworkers ended without an agreement, the labor union said. Kumba advanced 3.98 rand, or 1.1 percent, to 355.98 rand.

Pallinghurst Resources Ltd. (PGL SJ): The commodities investment company slipped to a net loss of $1.33 million for the six months through June, compared with a profit of $28.13 million a year earlier. Shares in the company fell 3 cents, or 0.7 percent, to 4.03 rand.

Sasol Ltd. (SOL SJ): The largest producer of motor fuels made from coal said a passenger flight used its synthetic fuel exclusively for the first time. Shares in the company declined 3.50 rand, or 1.1 percent, to 307.50 rand.

Woolworths Holdings Ltd. (WHL SJ): South Africa releases retail sales data for July. The South African food and clothing retailer fell 9 cents, or 0.4 percent, to 24.95 rand. Shoprite Holdings Ltd. (SHP SJ) lost 1.01 rand, or 1 percent, to 97 rand.

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

Anglo American Plc (AAUKY US) fell 0.2 percent to $19.80. AngloGold Ashanti Ltd. (AU US) added 1.4 percent to $44.67. BHP Billiton Ltd. (BBL US) fell 0.3 percent to $61.59. DRDGold Ltd. (DROOY US) gained 1 percent to $5.06. Gold Fields Ltd. (GFI US) advanced 0.7 percent to $15.16. Harmony Gold Mining Co. (HMY US) gained 0.9 percent to $11.24. Impala Platinum Holdings (IMPUY US) fell 0.9 percent to $25.75. Sappi Ltd. (SPP US) was unchanged at $5.04. Sasol Ltd. (SSL US) retreated 0.9 percent to $43.06.

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

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net

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