BHP, Calgro, Nedbank, Standard Bank May Move: South African Stocks Preview

The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.

South Africa’s FTSE/JSE Africa All Share Index rose for a second day, advancing 358.96, or 1.2 percent, to 30,439.46 in Johannesburg, its highest close since June 2008.

Anglo American Plc (AGL SJ): The price of copper, lead, nickel, tin and zinc rose on the London Metal Exchange after a report showed economic growth in China, the world’s largest user of the metal, topped economists’ estimates. The diversified mining company’s shares rose 8.48 rand, or 2.7 percent, to 321.98 rand. BHP Billiton Plc (BIL SJ), the world’s biggest mining company, rose 3.30 rand, or 1.4 percent, to 242.40 rand. BHP could sell up to $33 billion of non-core assets, including its South African coal unit, should its takeover bid for Potash Corp. of Saskatchewan Inc. succeed, Deutsche Bank AG said.

Calgro M3 Holdings Ltd. (CGR SJ): The housing developer said net income slumped to 4.6 million rand ($662,000) in the six months through August from 21.6 million rand in the year-ago period. The shares were unchanged at 38 cents.

Gooderson Leisure Corp. (GDN SJ): The hotel operator and food-services company said per-share earnings fell as much as 95 percent in the six months through August. The shares rose 1 cent, or 1.9 percent, to 55 cents.

Nedbank Group Ltd. (NED SJ): The manner in which HSBC Holdings Plc terminated talks to buy a controlling stake in Nedbank was “irresponsible,” South Africa’s financial regulator said, adding that it may cause further damage to the lender’s share price. Nedbank, which is controlled by Old Mutual Plc, dropped 8 cents, or 0.1 percent, to 137 rand. Old Mutual (OML SJ) fell 19 cents, or 1.3 percent, to 14.80 rand.

Standard Bank Group Ltd. (SBK SJ): Africa’s biggest lender said it will cut as many as 2,100 jobs in London and Johannesburg in an effort to reduce expenses. The bank rose 15 cents, or 0.1 percent, to 107.15 rand.

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

Anglo American Plc (AAUKY US) rallied 1.4 percent to $22.94. AngloGold Ashanti Ltd. (AU US) fell 1.3 percent to $45.51. BHP Billiton Ltd. (BBL US) dropped 0.2 percent to $69.26. DRDGold Ltd. (DROOY US) retreated 5 percent to $4.74. Gold Fields Ltd. (GFI US) declined 1.8 percent to $15.14. Harmony Mining Co. (HMY US) fell 0.5 percent to $10.95. Impala Platinum Holdings Co. (IMPUY US) decreased 1.2 percent to $27.27. Sappi Ltd. (SPP US) slipped 0.6 percent to $5.04. Sasol Ltd. (SSL US) advanced less than 0.1 percent to $45.68. Telkom South Africa Ltd. (TLKGY US) fell 0.6 percent to $21.11.

To contact the reporters on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net; Mike Cohen in Cape Town at mcohen21@bloomberg.net.

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net Edward Evans at eevans3@bloomberg.net

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