Afgri, Avusa, BSI Steel, Caxton, Gold 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 third day, declining 362.31, or 1.2 percent, to 29,525.83 by the 5 p.m. close in Johannesburg.

Afgri Ltd. (AFR) : The handler of about a third of South Africa’s grain releases results for the year ended June 30. Earnings a share will be 35 percent to 45 percent lower than the previous year, the group said in a trading statement on July 20. Shares in the company fell 0.3 percent to 6.10 rand.

Avusa Ltd. (AVU) : Investors led by Capital Holdings Ltd. have until today to announce a “firm intention” to make a firm offer for Avusa, publisher of South Africa’s largest weekend broadsheet newspaper, following the completion of a due diligence investigation on Aug. 24. The stock declined 3.8 percent to 22.70 rand.

BSI Steel Ltd. (BSS) : The steel trader and processor said earnings per share for the six months to Sept. 30 will be at least 20 percent higher than the previous corresponding period. The stock fell 11 percent to 58 cents.

Caxton & CTP Publishers and Printers Ltd. (CAT SJ): South Africa’s second-largest media company by market value releases results for the year to June 30. Earnings per share for the year are expected to be 30 percent to 40 percent higher than those for the prior year, the company said in a trading statement on Aug. 15. The stock was unchanged at 14.35 rand.

Efficient Financial Holdings Ltd. (EFG SJ): The asset management and research company said earnings per share for the year to Aug. 31 will be as much as 37 percent lower than the previous year. The stock closed unchanged at 5.03 rand.

Gold One International Ltd. (GDO) : Shareholders of the gold-mining company vote on a takeover offer by Chinese investors led by Citic Group, China’s biggest state-owned investment company. Shares in the company closed 0.8 percent higher at 4 rand.

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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