AfroCentric, Capitec, Investec, Sasol May Move: South Africa Stock 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 13.05, or 0.1 percent, to 28,972.47 by the 5 p.m. close in Johannesburg.

AfroCentric Investment Corp. (ACT SJ): The investment company with stakes in fruit farms said it made a full-year loss of 7.4 million rand ($1.1 million), compared with a profit of 34.7 million rand a year earlier. The stock was unchanged at 1.50 rand.

Astrapak Ltd. (APK SJ): The plastics manufacturer holds its annual general meeting. Shares in the company were unchanged at 9.20 rand.

Capitec Bank Holdings Ltd. (CPI SJ): South Africa’s second- largest provider of unsecured loans said fiscal first-half net income increased to 283.3 million rand from 178.1 million rand a year earlier. Shares in the lender rose 0.3 percent to 148 rand.

Investec Plc (INL SJ): The money management unit of the private bank and wealth manager is aiming to raise as much as $1 billion with its new Africa fund for investors seeking growth opportunities on the continent, Business Day reported, citing the fund’s manager, Malcolm Gray. Shares in Investec fell 0.3 percent to 55.45 rand.

Sasol Ltd. (SOL SJ): South Africa is stepping up efforts to fight cartels in industries from supermarkets to steel that push up prices, deter investment and damp competition. The Competition Commission got Sasol, the world’s biggest producer of motor fuel from coal, to sell almost all its fertilizer plants in July to boost competition. ArcelorMittal South Africa Ltd., which supplies 70 percent of the country’s steel requirements, is already being probed in four antitrust cases.

Shares in Sasol dropped 0.4 percent to 310.80 rand, and ArcelorMittal South Africa declined 0.5 percent to 81.35 rand.

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

Anglo American Plc (AAUKY US) rose 0.5 percent to $20.07. AngloGold Ashanti Ltd. (AU US) added 3.7 percent to $46.80. BHP Billiton Ltd. (BBL US) gained 1.8 percent to $64.61. DRDGold Ltd. (DROOY US) increased 3.3 percent to $5.31. Gold Fields Ltd. (GFI US) gained 1.8 percent to $15.12. Harmony Gold Mining Co. (HMY US) climbed 2.1 percent to $11.55. Impala Platinum Holdings (IMPUY US) rose 0.2 percent to $25.65. Sappi Ltd. (SPP US) fell 1.2 percent to $5.16. Sasol Ltd. (SSL US) jumped 1.7 percent to $44.81.

To contact the reporter on this story: Franz Wild in Johannesburg at fwild@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg in Jerusalem at phirschberg@bloomberg.net

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