Stocks in South Africa Fall for Third Day, Led by Anglo American, Billiton

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 at the 5 p.m. close in Johannesburg.

The following were among the most active stocks in the South African market today.

Anglo American Plc (AGL SJ), the mining company that comprises almost 10 percent of the index, dropped 5.11 rand, or 1.6 percent, to 309.99 rand, a third day of decreases. BHP Billiton Plc (BIL SJ), the world’s biggest mining company, declined 2.31 rand, or 0.9 percent, to 250.69 rand. Emerging- market stocks headed for the biggest monthly retreat since May on concern Chinese interest-rate increases and Europe’s debt crisis will slow global growth.

Grand Parade Investments Ltd. (GPL SJ), the investment company with interests in tourism and gambling, fell 9 cents, or 3.2 percent, to 2.76 rand, the lowest close since Nov. 15. Grand Parade said Thuo Gaming Gauteng Ltd. agreed to buy the assets and contracts from its Playmeter Leisure Services Ltd. unit.

Harmony Gold Mining Co. (HAR SJ), Africa’s third-largest producer of the metal, retreated for a fourth day, falling 1.67 rand, or 2.1 percent, to 78.95 rand, the lowest close since Nov. 2. The company was reduced to “underweight” from “equal weight” at Morgan Stanley.

Life Healthcare Group Holdings Ltd. (LHC SJ), the operator of hospitals and healthcare facilities, rose 16 cents, or 1.1 percent, to 14.45 rand, the highest close since Nov. 16. The company said revenue for the year through September advanced 11 percent to 8.79 billion rand ($1.2 billion) from a year earlier.

Miranda Mineral Holdings Ltd. (MMH SJ), the South African minerals explorer, slipped 2 cents, or 2.6 percent, to 75 cents, the lowest close since Nov. 18. Miranda said its loss for the year through August widened to 18.8 million rand from 8.8 million rand a year earlier.

Naspers Ltd. (NPN SJ), Africa’s largest media company, retreated for a second day, losing 11.03 rand, or 3 percent, to 354 rand, the lowest since Nov. 17. Profit may be “hit” by the increasing cost of sport on pay television and increased spending on business development, the Cape Town-based company said.

Sasol Ltd. (SOL SJ), the world’s biggest maker of motor fuel from coal, fell 4.81 rand, or 1.5 percent, to 315.30 rand, the lowest close since Oct. 27. Oil dropped from the highest in two weeks, with January futures falling as much as 1.3 percent to $84.63 a barrel on the New York Mercantile Exchange.

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

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

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