Absa, Datatec, Harmony, Ideco: South African Equity 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 retreated for a third day, falling 449.84, or 1.5 percent, to 30,266.40 by the 5 p.m. close in Johannesburg yesterday.

Anglo American Plc (AGL SJ): Copper rose in London as faster-than-expected manufacturing growth in China and increasing U.S. consumer confidence boosted the outlook for the global economy while the metal’s cash premium rose to a two-year high. Stock of Anglo, the diversified mining company that makes up almost 10 percent of South Africa’s benchmark stock index, fell 5.11 rand, or 1.6 percent, to 309.99 rand. Shares in larger rival BHP Billiton Plc (BIL SJ) dropped 2.31 rand, or 0.9 percent, to 250.69 rand.

Absa Group Ltd. (ASA SJ): South Africa’s biggest home-loan provider will require real estate agents who apply for loans on behalf of clients to use a black-owned mortgage origination company, Sake24 reported citing a letter from the lender. Absa’s stock fell 4.50 rand, or 3.4 percent, to 129 rand.

Datatec Ltd. (DTC SJ): The networking technology and computer-services company said it purchased a further 1,000 shares of subsidiary Westcon Group Inc., according to a regulatory filing. The company’s stock rose 19 cents, or 0.6 percent, to 32.94 rand.

Harmony Gold Mining Co. (HAR SJ): Africa’s third-largest producer of the metal holds its annual general meeting. The company’s stock retreated for a fourth day, falling 1.67 rand, or 2.1 percent, to 78.95 rand, the lowest close since Nov. 2.

Ideco Group Ltd. (IDE SJ): The seller of fingerprint- controlled access and monitoring systems said it expects to post a per-share loss of 3.41 cents in the year through August, according to a stock-exchange statement. The company’s shares were unchanged at 20 cents.

Kaydav Group Ltd. (KDV SJ): The distributor of wooden boards and finished wooden products said its Castle Timbers unit sold assets including machinery, goodwill and stock to Swartland Boudienste (Pty) Ltd. with effect from Jan. 17, 2011, according to a stock-exchange filing. The company’s shares were unchanged at 35 cents.

Sasol Ltd. (SOL SJ): Oil roses as much as 0.5 percent to $84.50 a barrel in electronic trading in New York. Stock of Sasol, the world’s biggest maker of motor fuel from coal, fell 4.81 rand, or 1.5 percent, to 315.30 rand.

Total Client Services Ltd. (TCS SJ): The technology and software provider said it posted a loss of 6.56 million rand ($924,000) in the six months to Aug. 31, according to a stock- exchange statement. The company’s shares were unchanged at 4 cents.

Zaptronix Ltd. (ZPT SJ): The information technology company reported a profit of 1.99 million rand in the year ended Aug. 31, compared with a loss of 2.58 million rand in the corresponding period the previous year, according to a statement. The company’s stock rose 1 cent, or 50 percent, to 3 cents.

To contact the reporter on this story: Garth Theunissen in Johannesburg gtheunissen@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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