B&W, Coal of Africa, Pick n Pay, PSG May Move: South Africa Stock Preview

The following stocks may rise or fall in South Africa. Symbols are in parenthesis and prices are from the last close.

The FTSE/JSE Africa All Share Index declined 190.67, or 0.6 percent, to 32,222.66 at the 5 p.m. close in Johannesburg.

B&W Instrumentation and Electrical Ltd. (BWI) : The electrical contractor releases first-half results. The shares dropped 1 cent, or 1.1 percent, to 89 cents.

Coal of Africa Ltd. (CZA) : The coal producer may abandon its Vele project because of delays in winning approval to mine the area following objections from environmental groups, the Sunday Times reported, citing Chief Executive Officer John Wallington. The shares rose 35 cents, or 4.1 percent, to 8.85 rand.

Pick n Pay Stores Ltd. (PIK) : South Africa’s second- biggest retailer releases full-year earnings in Johannesburg. The shares rose 45 cents, or 1 percent, to 44.20 rand.

PSG Group Ltd. (PSG) : The stockbroker and money manager said attributable earnings per share in the year ended Feb. 28 will be as much as 88 percent higher than the previous year. The company releases full-year earnings on April 19. The shares rose 10 cents, or 0.2 percent, to 42.30 rand.

Sanlam Ltd. (SLM) : The life insurer may cut 70 jobs at its pension fund division in Cape Town, I-Net Bridge reported, citing Ilze Nieuwoudt, a spokeswoman for labor union Solidarity. The shares fell 15 cents, or 0.5 percent, to 27.82 rand.

The following stock will begin trading without the right to the latest dividends:

Property Index Tracker Managers Ltd. (PTXSPY SJ).

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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