Avusa, Capitec Bank, Jubilee Platinum: South African Equity Market Preview
Stock Chart for Avusa Ltd (AVU)
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 340.89, or 1.1 percent, to 31,718.01 at the 5 p.m. close in Johannesburg.
Avusa Ltd. (AVU) (AVU): South Africa’s second-largest media company has received a 2.7 billion rand ($393 million) or 26 rand-a-share offer from Capitau Holdings, a private equity firm. Avusa declined 20 cents, or 0.8 percent, to 24.80 rand. Mvelaphanda Group Ltd. (MVG) , an investment holding company with a 25.5 percent stake in Avusa, advanced 19 cents, or 6.4 percent, to 3.18 rand.
Cape Empowerment Ltd. (CAP) : The investment holding company said it has swung to a profit per share of 3.4 cents in the year ended December, from a loss of 1.4 cents a share a year earlier. The stock was unchanged at 23 cents.
Capitec Bank Holdings Ltd. (CPI) : The second-largest South African provider of unsecured loans publishes its earnings for the year ended February. The company said on Feb. 8 that it expects its earnings to rise by as much as 50 percent when compared to a year earlier. Capitec increased 1.01 rand, or 0.6 percent, to 170 rand.
The Don Group (DON) Ltd: The hotel group lowered its loss to 5.2 million rand in the first half through December, from 11.5 million rand a year earlier. The shares declined 3 cents, or 13 percent, to 20 cents.
Jubilee Platinum Plc (JLP) : The mineral exploration company said its loss per share after one-time items narrowed to 0.76 British pence, from a restated 0.81 pence a year earlier. Jubilee fell 3 cents, or 1 percent, to 3 rand.
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