Gold Fields, Sappi, RBPlat, Vodacom 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 advanced for a third day, gaining 128.56, or 0.4 percent, to 31,456.46.

Afrimat Ltd. (AFT SJ): The cement and concrete supplier said net income rose to 44.9 million ($6.6 million) in the six months through Aug. 1 from 41.9 million rand a year earlier. The stock was unchanged at 3.32 rand.

Cadiz Holdings Ltd. (CDZ SJ): The financial services holding company releases first-half earnings. The shares rose 9 cents, or 2.6 percent, to 3.60 rand.

Gold Fields Ltd. (GFI SJ): Plans by Africa’s second-largest producer of the precious metal to reduce the size of its workforce to cut costs are being opposed by the National Union of Mineworkers. Shares in the company added 4.95 rand, or 4.5 percent, to 115.95 rand.

Infrasors Ltd. (IRA SJ): The brick and sand producer said net income rose 4.6 percent to 7.6 million rand in the six months through August. The stock was unchanged at 58 cents.

Lewis Group Ltd. (LEW SJ): The furniture and electrical- goods retailer said first-half net income rose 13 percent to 295.5 million rand. The shares fell 21 cents, or 0.3 percent, to 71.79 rand.

Raubex Ltd. (RBX SJ): The road builder said first-half net income fell to 273 million rand from 294 million rand. Shares in the company declined 23 cents, or 0.9 percent, to 25.57 rand.

Royal Bafokeng Platinum Ltd. (RBP SJ): The platinum producer known as RBPlat starts trading shares on the JSE. RBPlat, which placed shares at 60.50 rand in a bookbuild, may cut the cost of its Styldrift project by 1 billion rand from 11.8 billion rand, Business Day reported.

Sappi Ltd. (SAP SJ): The world’s largest producer of glossy magazine paper reports fiscal fourth-quarter earnings. The stock rose 10 cents, or 0.3 percent, to 33.35 rand.

Vodacom Group Ltd. (VOD SJ): The largest provider of mobile phone services to South Africans said first-half net income climbed to 4.42 billion rand from 61 million rand. The stock fell 10 cents, or 0.2 percent, to 67.80 rand.

The following stocks begin trading without the right to their latest dividends:

AVI Ltd. (AVI SJ); Adcorp Holdings (ADR SJ); Barloworld Ltd. (BAW SJ); Oasis Crescent (OAS SJ) and Wooltru Ltd. (WLO SJ).

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

Anglo American Plc (AAUKY US) rose 1.4 percent to $24.48. AngloGold Ashanti Ltd. (AU US) gained 0.3 percent to $49.31. BHP Billiton Ltd. (BBL US) advanced 1.2 percent to $79.94. DRDGold Ltd. (DROOY US) fell 2.2 percent to $4.94. Gold Fields Ltd. (GFI US) added 0.5 percent to $16.86. Harmony Gold Mining Co. (HMY US) fell 0.1 percent to $12.35. Impala Platinum Holdings (IMPUY US) increased 1.3 percent to $30.50. Sappi Ltd. (SPP US) gained 0.4 percent to $4.93. Sasol Ltd. (SSL US) added 1 percent to $48.45.

To contact the reporter on this story: Mike Cohen in Cape Town at mcohen21@bloomberg.net; Carli Lourens in Johannesburg at clourens@bloomberg.net

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

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