South Africa Stocks: Anglo, Aspen Pharma, BHP, Real Africa Move

The FTSE/JSE Africa All Share Index declined 52.05, or 0.2 percent, to 32,760.59 by 12:15 p.m. in Johannesburg. The index rose the most in 18 months yesterday, advancing 3.7 percent, lifting November’s gains to 1.4 percent.

Anglo American Plc (AAL) , the mining company that makes up more than 9 percent of the benchmark stock index, gained for a second day, rising 1 percent to 313.54 rand. Standard & Poor’s GSCI Index of Commodities advanced for a fourth day, its longest winning streak in three weeks.

BHP Billiton Ltd. (BIL) , the world’s largest mining group, added 0.7 percent to 251.01 rand.

Aspen Pharmacare Holdings Ltd. (APN) , the largest maker of generic medicines in the southern hemisphere, dropped for the first time in six days, falling 1.8 percent to 95.70 rand. A strike by workers in South Africa during the first half will have a “fairly severe” impact on earnings, Chief Executive Officer Stephen Saad said at the company’s annual meeting of shareholders in Johannesburg today.

Pick n Pay Stores Ltd. (PIK) , South Africa’s second- biggest food retailer, increased for a sixth day, rising 1.8 percent to 44.37 rand. The company reached an agreement with a labor union to avoid firing workers while allowing a more flexible workforce, it said in a statement today.

Real Africa Holdings Ltd. (RAH) , the investment company with interests in gaming and tourism, rose the most in two months, climbing 5.3 percent to 4 rand. Sun International Ltd. (SUI SJ) has offered 4.22 rand per share for the rest of the shares in Real Africa Holdings Ltd. that it doesn’t already own.

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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