South African Equities: Anglo, BHP, Bell Equipment, Brait, Sasol

South Africa’s FTSE/JSE Africa All Share Index declined for a second day, falling 181.16, or 0.6 percent, to 31,869.57 at 3:25 p.m. in Johannesburg.

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

Afgri Ltd. (AFR) , the handler of about a third of South Africa’s grain, dropped for the first time in three days, losing 15 cents, or 2.1 percent, to 7.03 rand. Afgri said profit in the first half through December retreated to 146 million rand ($21 million) from 156 million rand a year earlier.

Anglo American Plc (AAL) , the diversified mining company that makes up 11 percent of South Africa’s benchmark stock index, slipped for a second day, falling 6.48 rand, or 1.7 percent, to 366.55 rand. Copper fell for a second day in London as concern rising energy prices may curb global economic growth overshadow expectations of a global shortage. BHP Billiton Plc (BIL) , the world’s biggest mining company, weakened for a second day, losing 3.31 rand, or 1.2 percent, to 270.70 rand.

Bell Equipment Ltd. (BEL) , Africa’s biggest maker of vehicles, advanced the most in a month, adding 29 cents, or 2.4 percent, to 12.30 rand. Bell said it expects to report earnings per share excluding one-time items for the year ended Dec. 31 of 20 cents to 35 cents compared with a loss a year earlier. The company had previously expected to break even or report a marginal profit, it said Dec. 15.

Brait SA (BAT) , South Africa’s largest private equity company, declined 1 rand, or 4.6 percent, to 21 rand, the lowest since Sept. 30. The company said it will raise 6 billion rand in new capital to increase its stakes Pepkor Stores Ltd. and Premier Foods.

Sasol Ltd. (SOL) , the world’s biggest maker of motor fuel from coal, snapped two days of losses, rising 7.35 rand, or 2 percent, to 376.60 rand after oil gained for a second day in New York, rising from the highest closing price in 29 months. The company said it completed the acquisition of a 50 percent interest in the Montney Shale Basin in Canada for a total consideration of C$1.05 billion ($1.1 billion).

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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