Cape Empowerment, Clover, Platfields: South African Equity Market 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 gained 76.37, or 0.2 percent, to 31,565.18 at the close in Johannesburg.

Adcock Ingram Holdings Ltd. (AIP SJ): South Africa’s second-largest pharmaceutical company, said it won 4 percent of a 4.16 billion rand ($609 million) government tender for anti- AIDS drugs. Adcock fell 2.28 rand, or 3.6 percent, to 61.67 rand.

Cape Empowerment Ltd. (CAP SJ): An investment holding company, said caution was no longer needed on trading its stock as the previously announced negotiations have been terminated. Cape Empowerment gained 1 cent, or 4.4 percent, to 24 cents.

Clover Industries Ltd. (CLR SJ): South Africa’s biggest dairy company lists on the Johannesburg Stock Exchange after raising 575 million rand ($84 million) in an over-subscribed share sale.

Investec Plc. (INP SJ): The South African private bank and wealth manager said it was ready to lend 1 billion pounds ($1.6 billion) to British entrepreneurs, Reuters reported, citing Avron Epstein, joint head of Investec Specialist Bank. The stock fell 35 cents, or 0.7 percent, to 53.55 rand.

Metorex Ltd. (MTX SJ): The company that mines copper and cobalt in Africa was raised to “neutral” from “sell” at UBS. Metorex rose 5 cents, or 1 percent, to 4.98 rand.

Poynting Holdings Ltd. (POY SJ): The manufacturer of telecommunications equipment said late yesterday that it would buy back shares from three vendors of the company, as the company failed to meet profit guarantees for the year ended June. Poynting closed unchanged at 18 cents.

Platfields Ltd. (PLL SJ): The platinum explorer lists on Johannesburg’s stock exchange.

Simmer & Jack Mines Ltd. (SIM SJ): The gold miner was downgraded to “Underperform” from “Sector Perform” at RBC Capital Markets. The stock fell 2 cents, or 2 percent, to 99 cents.

Standard Bank Group Ltd. (SBK SJ): South Africa’s trade and industry department released a draft financial industry charter for black empowerment. The bank shed 21 cents, or 0.2 percent, to 102.50 rand. Absa Group Ltd. fell 0.4 percent to 132 rand.

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

Anglo American Plc (AAUKY US) added 0.04 percent to $24.13. AngloGold Ashanti Ltd. (AU US) gained 1.5 percent to $49.53. BHP Billiton Ltd. (BBL US) rose 1.9 percent to $79.76. DRDGold Ltd. (DROOY US) fell 2.9 percent to $4.815. Gold Fields Ltd. (GFI US) rose 1.5 percent to $18.06. Harmony Gold Mining Co. (HMY US) gained 2.3 percent to $12.64. Impala Platinum Holdings Co. (IMPUY US) rose 2.6 percent to $32.52. Sappi Ltd. (SPP US) declined 0.6 percent to $4.99. Sasol Ltd. (SSL US) rose 0.5 percent to $48.35. Telkom South Africa Ltd. (TLKGY US) dropped 0.6 percent to $20.65.

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

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

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