South African Stocks: Anglo, BHP Billiton, SABMiller, Sasol Move

The FTSE/JSE Africa All Share Index snapped three days of losses, rising 344.23, or 1.1 percent, to 30,971.88 at the 5 p.m. close in Johannesburg.

The following were among the most active stocks in the South African market today.

African Eagle Resources Plc (AFE) , an Australian metals explorer, increased the most since May 30, adding 2 cents, or 2.2 percent, to 92 cents. A study of its Dutwa project indicated a net present value of $870 million at today’s nickel price of $10 a pound, with cash operating costs of about $3.40 a pound and a projected capital payback of between three and five years, the company said in a statement.

Anglo American Plc (AAL) , the diversified mining company that makes up 9.8 percent of South Africa’s benchmark stock index, rose for the first time in four days, adding 9.30 rand, or 3 percent, to 318 rand. Copper advanced while lead, nickel, and zinc also increased after Luxembourg’s Prime Minister Jean- Claude Juncker indicated a solution to the crisis would be found.

BHP Billiton Plc (BIL) , the world’s largest mining company, snapped three days of losses, gaining 5.89 rand, or 2.4 percent, to 252.90 rand.

Metrofile Holdings Ltd. (MFL) , a filing and document- management company, added 10 cents, or 5 percent, to 2.10 rand, the highest close since Jan. 20. Earnings for the year through June will probably be as much as 39 percent higher than a year earlier, said the company in a statement today. It intends to declare a final dividend of 2.5 cents a share, taking the total to 4.5 cents for the year.

SABMiller Plc (SAB) , the world’s second-largest brewer by volume, dropped to the lowest close since March 23, slipping 8.21 rand, or 3.4 percent, to 231.49 rand. Foster’s Group Ltd. (FGL), Australia’s biggest brewer, rejected a A$9.5 billion ($10 billion) cash offer from SABMiller as too low in what would be the biggest takeover in the beer industry since 2008.

Sasol Ltd. (SOL) , the world’s largest maker of motor fuel from coal, gained the most since March 16, jumping 10 rand, or 2.9 percent, to 355 rand. Oil added 0.6 percent to $93.80 a barrel, a second day of gains.

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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