AngloGold, Aspen, Massmart and Standard Bank: South African Stocks Preview

The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.

South Africa’s FTSE/JSE Africa All Share Index dropped for a second day, losing 77.64, or 0.2 percent, to 31,973.09 at the 5 p.m. close in Johannesburg.

AngloGold Ashanti Ltd. (ANG) : Gold futures for April delivery rose to a record on mounting demand for an investment haven amid surging commodity prices and turmoil in Libya. Africa’s largest producer of the precious metal lost 1.60 rand, or 0.5 percent, to 338.40 rand.

Aspen Pharmacare Holdings Ltd. (APN) : The largest maker of generic medicines in the Southern Hemisphere publishes its half-year results. Aspen dropped 1.75 rand, or 2.2 percent, to 79.50 rand.

Freeworld Coatings Ltd. (FWD) : The manufacturer of industrial coatings said the Competition Commission will decide on Kansai Paint Co.’s proposed merger with Freeworld after March 11. Freeworld rose 17 cents, or 1.5 percent, to 11.34 rand.

Keaton Energy Holdings Ltd. (KEH) : The coal-exploration company said investor Rutendo Holdings Ltd. sold 1.3 million Keaton Energy shares in an off-market transaction at 4.50 rand per share for a total of 5.85 million rand ($852,000). Keaton slipped 15 cents, or 3.8 percent, to 3.80 rand.

Massmart Holdings Ltd. (MSM) : The South African government asked for antitrust hearings scheduled for March 22 into Wal-Mart Stores Inc.’s bid for a 51 percent stake in Massmart, South Africa’s largest food and general goods retailer, to be postponed, Business Report said. Three government departments are concerned about the two companies’ refusal to make enforceable commitments to procure from small businesses after their merger, the Johannesburg-based newspaper said, citing the government’s submission to the country’s Competition Tribunal. Shares in the company fell 5 cents, or less than 0.1 percent, to 143.95.

RMB Holdings Ltd. (RMH) : The South African financial- services holding company said earnings per share for the six months through December rose as much as 120 percent from a year earlier. The stock fell 6 cents, or 0.2 percent, to 37.84 rand.

Sasol Ltd. (SOL SJ): Oil rose above $100 a barrel in New York on concern unrest curbing exports from Libya will spread to other countries in the region. The world’s biggest maker of motor fuel from coal rose 7.25 rand, or 2 percent, to 376.50 rand.

Standard Bank Group Ltd. (SBK SJ): Africa’s biggest lender said earnings excluding one-time items fell 4 percent to 11.3 billion rand during the 12 months through December. The stock fell 39 cents, or 0.4 percent, to 99.24 rand.

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

Anglo American Plc (AAUK US) dropped 0.7 percent to $24.46. AngloGold Ashanti Ltd. (AU US) added 1.5 percent to $49.80. BHP Billiton Ltd. (BBL US) gained 1.5 percent to $79.50. DRDGold Ltd. (DROOY US) gained 1 percent to $4.95. Gold Fields Ltd. (GFI US) advanced 1.4 percent to $18.13. Harmony Gold Mining Co. (HMY US) rose 0.3 percent to $11.79. Impala Platinum Holdings (IMPUY US) added 3.3 percent to $29.40. Sappi Ltd. (SPP US) rose 1.6 percent to $5.23. Sasol Ltd. (SOL) gained 3.2 percent to $54.75.

To contact the reporters on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net; Nicky Smith in Johannesburg at nsmith38@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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