Imperial, Investec, Uranium One: 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 fell for a fourth day to its lowest close since Sept. 29 last year, declining 344.86, or 1.2 percent, to 29,256.75 in Johannesburg.

Imperial Holdings Ltd. (IPL) : South Africa’s largest auto dealer holds a meeting to seek shareholder approval to provide financial assistance to its units to enable them to comply with requirements of new laws regulating companies. The shares fell 1.13 rand, or 1 percent, to 107.87 rand.

Investec Plc (INVP) : The private bank and wealth manager bidding to buy Evolution Group Plc, will begin “detailed discussions” with the British brokerage this week, The Sunday Times reported without saying where it got the information. While the parties haven’t agreed on a price yet, the value of the deal focuses on Evolution’s wealth-management business, the London-based newspaper said. The shares fell 44 cents, or 0.9 percent, to 48.40 rand.

Uranium One Inc. (UUU) : The Vancouver-based producer of the nuclear fuel is due to release second-quarter earnings. The shares fell 1.65 rand, or 7.3 percent, to 20.86 rand.

The following stock will begin trading without the right to the latest dividend: Ellies Holdings Ltd. (ELI SJ).

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

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.