IFCA, PBT Group, Phumelela, SA French 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 snapped a four-day advance, losing 8.2, or less than 0.1 percent, to 32,659.95 at the 5 p.m. close in Johannesburg.
IFCA Technologies Ltd. (IFC) : The software company’s listing may be suspended if IFCA fails to submit provisional financial reports today. The shares fell 1 cent, or 11 percent, to 8 cents.
PBT Group Ltd. (PBT) : The provider of information management services will issue 51.5 million shares today to conclude an acquisition. The shares were unchanged.
Phumelela Gaming and Leisure Ltd. (PHM SJ): An organizer of horse races and betting begins to trade without the right to a dividend today. It closed unchanged at 11.50 rand.
Rare Holdings Ltd. (RAR) : The maker of pipes and valves said its subscription pact with Stafric has been concluded. Rare was unchanged at 18 cents.
SA French Ltd. (SFH) : The supplier of tower cranes advised investors that the Securities Regulation Panel granted a ruling to waive the requirement for a mandatory offer to be made to minority shareholders with regard to the implementation of a rights offer. The stock was unchanged at 5 cents.
Zeder Investments Ltd. (ZED) : A company which invests in agricultural businesses begins to trade without the right to a dividend today. It closed unchanged at 2.44 rand.
To contact the reporter on this story: Renee Bonorchis in Johannesburg at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.