Anglo, Glenrand, Miranda and Nictus May Move: 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.

The FTSE/JSE Africa All Share Index gained 256.61, or 0.8 percent, to 32,887.47 at the 5 p.m. close in Johannesburg.

Anglo American Plc (AAL) : Today is the last day for shareholders to ask that their dividends be reinvested. The diversified mining company that makes up 11 percent of South Africa’s benchmark stock index increased 1.67 rand, or 0.5 percent, to 358.77 rand.

Glenrand MIB Ltd. (GMB) : The insurance broker, which is being bought by Aon Corp.’s South African unit, is scheduled to release the finalization announcement of its transaction with Aon. Glenrand rose 1 cent, or 0.5 percent, to 2.01 rand.

Miranda Mineral Holdings Ltd. (MMH) : The minerals explorer holds its annual general meeting. The stock climbed 1 cent, or 1.4 percent, to 72 cents.

Nampak Ltd. (NPK) : Statistics South Africa publishes February manufacturing data. The manufacturing and packaging company added 22 cents, or 1 percent, to 21.85 rand.

Nictus Ltd. (NCS) : The seller of vehicles and furniture in South Africa and Namibia said full-year earnings per share are expected to be as much as 60 percent higher than a year earlier. Nictus was unchanged at 1.10 rand.

Telkom SA Ltd. (TKG) : Africa’s largest fixed-line telephone operator holds a presentation on its enterprise markets division. Telkom rose 28 cents, or 0.7 percent, to 38 rand.

To contact the reporter on this story: Renee Bonorchis in Johannesburg at rbonorchis@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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