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Fortress, Highveld, MTN, PSG, Super Group: 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 the first day in five, easing 172.15, or 0.6 percent, to 29,987.27 by the 5 p.m. close in Johannesburg.

Evraz Highveld Steel and Vanadium Ltd. (EHS) : The steelmaker releases results for the six months to June 30. The stock was unchanged at 44 rand.

Fortress Income Fund Ltd. (FFA) : The South African capital fund announces results for the six months to June 30. Shares in the fund rose 0.3 percent to 11.79 rand.

Hospitality Property Fund Ltd. (HPA SJ): The investor in hotels and resorts releases results for the six months to June 30. The stock closed unchanged at 13.25 rand.

Morvest Business Group Ltd. (MOR SJ): The computer-services company releases results for the year to May 31. Shares in the company increased 4.6 percent to 23 cents.

MTN Group Ltd. (MTN) : Africa’s largest mobile-phone operator, announces earnings for the six months to June 30. The stock fell 1.7 percent to 136.95 rand.

PSG Group Ltd. (PSG) : The investment holding company withdrew a cautionary announcement, saying its intention to acquire Paladin Capital through a scheme of arrangement is not considered material to the group. The stock rose 1.7 percent to 46.71 rand.

Super Group Ltd. (SPG SJ): The transport services provider said its net income for the 12 months to June 30 increased by 132 percent to 320.4 million rand ($45 million). Shares in the company advanced 1.3 percent to 79 cents.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

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

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