BioScience, Growthpoint and Sasol May Move: South African Equity 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 rose 383.83, or 1.2 percent, to 32,310.38 at the 5 p.m. close of trading in Johannesburg.

Amalgamated Appliance Holdings Ltd. (AMA SJ): The seller of brands including Hoover and Pioneer said per-share earnings excluding one-time profits and losses rose to between 25 cents and 30 cents in the year through June, from 19 cents a year earlier. Amalgamated was unchanged at 1.70 rand.

BioSience Brands Ltd. (BIO SJ): The health and nutritional products supplier said its per-share loss widened by more than 20 percent in the year through June from a year earlier. Shares in the company were unchanged at 1 cent.

Growthpoint Properties Ltd. (GRT) : South Africa’s largest publicly traded real-estate investor said it raised about 1.8 billion rand ($263 million) through the sale of 100 million new shares. The shares dropped for a fourth day, declining 30 cents, or 1.6 percent, to 18.40 rand.

Sasol Ltd. (SOL) : South Africa’s largest producer of motor fuels said while its production plants are continuing to operate, a petroleum-industry strike over wages led to some of its retail outlets running out of stock. The shares fell 38 cents, or 0.1 percent, to 356.90 rand.

To contact the reporter on this story: Mike Cohen in Cape Town at mcohen21@bloomberg.net;

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net.

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