First Uranium, Telkom, Nictus May be Active: 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 closed at its highest in almost four weeks, rising 867.71, or 3 percent, to 30,292.76 by the 5 p.m. close in Johannesburg.
First Uranium Corp. (FIU) : The Toronto-based producer of the mineral said it had entered an agreement with Vulisango Holdings Ltd., a black economic empowerment company, to help it comply with South Africa’s Mineral and Petroleum Resources Development Act and to guide it on the country’s Mining Charter. The stock added 4.9 percent to 3.20 rand.
Nictus Ltd. (NCS) : The seller of vehicles and furniture in South Africa and Namibia said Johan Willemse has been elected as independent non-executive chairman of the group, replacing Johannes Olivier, who has stepped down. The stock closed unchanged at 1.80 rand.
Telkom SA Ltd. (TKG) : Africa’s largest fixed-line phone Operator holds its annual general meeting. Shares in the company gained 0.1 percent to 34.69 rand.
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