Awethu, Bauba Platinum: South African Equity Preview

(Corrects name of company in headline.)

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 advanced 556.60, or 1.8 percent, to 32,274.61 at the 5 p.m. close in Johannesburg.

Awethu Breweries Ltd. (AWT) : The brewer of sorghum beer publishes earnings statements for the first half through December. It said yesterday that its loss for the period would narrow to a maximum 0.89 cents a share, from a loss of 2.61 cents a year ago. The stock was unchanged at 3 cents.

Bauba Platinum Ltd. (BAU) : The explorer of platinum group metals said it’s likely that first-half earnings through December will be between 44 and 54 percent higher than the 19 cents a share loss in the first half ended December 2009, according to a trading update published via the stock exchange yesterday. Bauba shares declined 1 cent, or 0.4 percent, to 2.29 rand.

IFA Hotels & Resorts Ltd. (IFH) : The gaming and leisure company said it had narrowed its loss to 3.10 cents during the first half through December, from a loss of 10.41 cents a year earlier, according to an earnings statement yesterday.

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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