South African Stocks: AngloGold, BHP, Comair, Sanlam, Steinhoff

The FTSE/JSE Africa All Share Index advanced for the first time in three days, rising 114.90, or 0.4 percent, to 32,725.80 by 12 p.m. in Johannesburg. The index gained 4.8 percent last week, its biggest five-day advance since July 2009.

The following are among the most active stocks in the South African market today. Stock symbols follow company names.

AngloGold Ashanti Ltd. (ANG) , Africa’s biggest gold producer, declined for a second day, falling 1.7 percent to 378.77 rand. Gold retreated as Italy moved toward trimming its debt, easing concern that Europe’s fiscal crisis will worsen and damping demand for safer assets. Harmony Gold Mining Co. Ltd. (HAR) , the third-largest producer, slid 1.4 percent to 113.08 rand.

BHP Billiton Ltd. (BIL) , the world’s largest mining group, dropped for the first time in four days, slipping 0.7 percent to 250.17 rand. Copper, zinc and aluminum declined on concern that the Chinese economy may slow after non- manufacturing industries contracted, possibly damping demand from the world’s largest consumer of copper.

Comair Ltd. (COM) , an air carrier partly owned by British Airways Plc, fell for a second day, dropping 2.8 percent to 1.75 rand. The airline may report a loss for the six months through December due to a weaker rand, higher oil prices and increased fees paid to Airports Company South Africa Ltd., the state-owned airport operator, it said in a trading statement.

Emira Property Fund (EMI) , an investment company, gained for a second day, adding 0.7 percent to 11.80 rand. Deutsche Bank AG raised the stock to “buy” from “hold” with a 12- month price estimate of 12.20 rand.

Hospitality Property Fund Ltd. (HPB SJ), an investor in hotels and resorts, declined to its lowest in more than two months, sliding 2 percent to 5 rand. Earnings for the six months through December will be lower by more than 28 percent compared with a year ago, the company said in a trading statement today.

SacOil Holding Ltd. (SCL) , an African oil and natural- gas explorer, advanced for a second day, rising 4.1 percent to 51 cents. Oil rose in New York on concern that tension in the Middle East threatens supplies and speculation that the steps taken to tame Europe’s debt crisis may curb economic growth.

Sanlam Group Ltd. (SLM) , the largest South Africa-based insurer, rose 0.6 percent to 29.83 rand, a second day of gains. The company’s investment and wealth management business, Sanlam Investments Ltd., may make more acquisitions in developed markets, where economic uncertainty has created buying opportunities, Business Day said, citing the unit’s Chief Executive Officer Johan van der Merwe.

Steinhoff International Holdings Ltd. (SHF) , Africa’s largest furniture maker, rose to a six-month high, climbing 2.1 percent to 24.15 rand. The company is looking forward to a “good year” Chief Executive Officer Marcus Jooste told shareholders at its annual general meeting today.

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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