1Time, Aveng, Bell, Clover, MTN May Move: Equity Preview for South Africa

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 rose 274.92, or 0.9 percent, to 31,173.86 at the 5 p.m. close in Johannesburg, paring its weekly loss to 3.6 percent.

1Time Holdings Ltd. (1TM) (1TM SJ): The low-cost airline said earnings are expected to be between 0.1 cents and 2.5 cents a share in the year through Dec. 31. The stock was unchanged at 70 cents.

Aveng Ltd. (AEG) : The country’s largest construction company by market value is due to report first-half earnings. Per-share profit may decline by as much as 35 percent after the Johannesburg-based company paid 128.9 million rand ($18.7 million) to settle antitrust fines, it said on March 1. The shares fell 45 cents, or 1.2 percent, to 37 rand.

Bell Equipment Ltd. (BEL) : Africa’s biggest maker of dump trucks and forklifts is scheduled to report annual earnings. The company said on March 2 it expects to report earnings, excluding extraordinary items, of 20 cents to 35 cents per share in the year through Dec. 31. The stock rose 30 cents, or 2.4 percent, to 13 rand.

Clover Industries Ltd. (CLR) : The country’s biggest dairy company will report first-half earnings. Per-share earnings may be between 75.1 cents and 75.5 cents in the six months through Dec. 31, Clover said on Feb. 18. The stock fell 5 cents, or 0.5 percent, to 10.45 rand.

Erbacon Investment Holdings Ltd. (ERB) : The civil engineering company is expected to report a loss of between 21.75 cents and 30.8 cents a share in the year through Feb. 28 compared with earnings of 45.33 cents a share a year earlier. The stock was unchanged at 1.25 rand.

MTN Group Ltd. (MTN) : Outgoing Chief Executive Officer Phuthuma Nhleko said he regrets the company’s failure to buy assets of Orascom Telecom Holding SAE and the transaction “still may come back,” the Johannesburg-based Sunday Times reported, citing an interview with Nhleko. MTN shares rose 4.10 rand, or 3.2 percent, to 131.38 rand.

Telkom South Africa Ltd. (TKG SJ): The Johannesburg-based phone company is expected to name Nombulelo ‘Pinky’ Moholi, who is currently managing director, as chief executive officer, the Sunday Times reported, without saying where it got its information. The stock fell 10 cents, or 0.3 percent, to 35 rand.

The following shares begin trading without the rights to their latest dividends:

Capevin Investments Ltd. (CVI SJ), City Lodge Hotels Ltd. (CLH SJ), Discovery Holdings Ltd. (DSY SJ), Fortress Income Fund Ltd. (FFA SJ), Fountainhead Property Trust (FPT SJ), Grindrod Ltd. (GND SJ), Growthpoint Properties Ltd. (GRT SJ), Kagiso Media Ltd. (KGM SJ), Kumba Iron Ore Ltd. (KIO SJ), Massmart Holdings Ltd. (MSM SJ), Rolfes Technology Holdings Ltd. (RLF SJ), Shoprite Holdings Ltd. (SHF SJ), Truworths International Ltd. (TRU SJ).

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

Anglo American Plc (AAUKY US) increased 1.5 percent to $25.21. AngloGold Ashanti Ltd. (AU US) climbed 3.4 percent to $47.04. BHP Billiton Ltd. (BBL US) rose 1.2 percent to $74.84. DRDGold Ltd. (DRD) gained 2.5 percent to $4.84. Gold Fields Ltd. (GFI) increased 1.6 percent to $17.38. Harmony Gold Mining Co. (HMY US) rose 2.8 percent to $12.47. Impala Platinum Holdings (IMPUY US) jumped 4.2 percent to $28.55. Sappi Ltd. (SAP) rose 2 percent to $5.06. Sasol Ltd. (SOL) climbed 1.8 percent to $53.08.

To contact the reporters on this story: Nasreen Seria in Johannesburg at nseria@bloomberg.net

To contact the editor responsible for this story: Philip Sanders at psanders@bloomberg.net

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