Breaking News

Japan July Industrial Output Rises 0.2% Against Estimated 1% Gain
Tweet TWEET

South African Stocks: Harmony, Impala, SABMiller, Tongaat Hulett

The FTSE/JSE Africa All Share Index declined for a third day, falling 625.39, or 1.9 percent, to 31,812.66 by the close in Johannesburg.

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

Harmony Gold Mining Co. Ltd. (HAR SJ), South Africa’s third-biggest producer of the metal, fell for a third day, dropping 4.9 percent to 107.41 rand. Production at its Kusasalethu mine remains suspended as it searches for a miner trapped after a “fall of ground” incident on Nov. 16.

Impala Platinum Holdings Ltd. (IMP) , the second-biggest of the metal, fell 3.1 percent to close at 174.57 rand after it said Impala Rustenburg will not be in operation on Monday. The company said two employees are trapped underground after a fall of ground at the mine’s 7 shaft.

SABMiller Plc (SAB) , the maker of Grolsch and Peroni beer, declined for a second day, falling 2.8 percent to 276.35 rand after analysts at Nomura Holdings Inc. cut the price estimate on the stock to 2,500 pence from 2,600 pence.

Sentula Mining Ltd. (SNU) , a mining-services company, dropped for a fourth day, slipping 0.5 percent to 1.95 rand after posting a first-half loss of 225 million rand ($27 million), compared with a year-earlier profit of 57.5 million rand.

Tongaat Hulett Ltd. (TON) , a South African sugar producer, gained 1.2 percent to 94.50 rand after saying it plans to expand electricity generation at its mills to sell to the national grid.

To contact the reporters on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net Jana Marais in Johannesburg at jmarais@bloomberg.net

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