South African Stocks: Anglo, Aquarius, City Lodge, DRD, Sasol

The FTSE/JSE Africa All Share Index closed at its highest in almost five months, gaining 715.93, or 2.3 percent, to 32,452.55 by the 5 p.m. close in Johannesburg, a fifth day of gains. Today’s increase erases 2011 losses.

The following were among the most active stocks in the South African market today.

Anglo American Plc (AGL) , the mining company that makes about 9 percent of the benchmark stock index, closed at a 12- week high, rising 4.5 percent to 304 rand. Copper climbed in London on speculation demand will increase after European leaders reached a debt-relief accord with bank representatives. Separately, Anglo American said it may invest as much as $15 billion to expand its steelmaking coal business in Queensland.

BHP Billiton Ltd. (BHP) , the world’s largest mining group, added 4.7 percent to 260 rand.

Aquarius Platinum Ltd. (AQP) , the fourth-biggest platinum miner, gained the most in more than two months, advancing 7.2 percent to 24.49 rand. The company may submit its final plan on ownership to Zimbabwe’s minister of indigenization during the second quarter of fiscal 2012, which ends Dec. 31.

City Lodge Hotels Ltd. (CLH) , a hotel operator, rose to its highest in more than three weeks, climbing 1.7 percent to 63.05 rand. The company plans to invest about 1.5 billion rand ($191 million) building as many as 20 hotels in Africa in the next 5 to 10 years, Business Day reported, citing Chief Executive Officer Clifford Ross.

DRDGold Ltd. (DRD) , South Africa’s fourth-biggest producer of the metal, rose for a 10th day, its longest winning streak since at least 1990, advancing 2.2 percent to 5.21 rand. Gold output rose 1 percent to 63,562 ounces in the first quarter through September, the company said in a regulatory filing today.

MTN Group Ltd. (MTN) , Africa’s largest mobile-phone operator, gained for a third day, climbing 2.1 percent to 135.85 rand. South Africa’s mobile-phone companies can still expect “decent” growth from prepaid voice calls for the next two to three years, Business Day said, citing Chief Financial Officer Zunaid Bulbulia. Separately, the company revised higher its estimate for net subscriber additions for this year to 21.83 million from an August estimate of 20.1 million.

Reunert Ltd. (RLO) , a maker of electric power cables and telecommunications equipment, added 1.5 percent to 62.03 rand. The company said it may report that earnings per share rose by 55 percent to 65 percent in the 12 months to Sept. 30 from a year earlier.

Sasol Ltd. (SOL) , the biggest producer of gasoline from coal, rose 2.6 percent to 372.50 rand, rebounding from yesterday’s 1.9 percent drop. Oil advanced in New York after European leaders agreed on measures to tame a sovereign debt crisis that threatens to slow economic growth and curb commodity demand.

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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