South African Stocks: Anglo, AngloGold, ArcelorMittal, Implats

The FTSE/JSE Africa All Share Index (JALSH) headed for its biggest gain in almost two weeks, advancing 0.8 percent to 34,162.81 by 12:19 p.m. in Johannesburg. The index fell 1.4 percent last week.

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

Anglo American Plc (AGL) , a diversified miner that makes up 9 percent of the index, rose for the first time in three days, adding 2.4 percent to 340.62 rand. Copper climbed in London on speculation Greece’s austerity plans will help investors to focus on economic growth, spurring demand for industrial metals. BHP Billiton Ltd. (BIL) , the world’s biggest miner, gained 1.5 percent to 253.50 rand.

AngloGold Ashanti Ltd. (ANG) , Africa’s biggest producer of the metal, advanced 0.5 percent to 350.48 rand. Gold gained after Greek Prime Minister Lucas Papademos won approval from parliament for austerity measures to secure a second aid package, hurting the dollar.

ArcelorMittal South Africa Ltd. (ACL) , Africa’s largest steelmaker, increased for the first time in three days, adding 1 percent to 64.92 rand. The stock was raised to “neutral” from “underperform” at Credit Suisse Group AG with a price estimate of 65 rand.

Group Five Ltd. (GRF) (GRF SJ), a South African construction company, headed for its highest close in more than four months, climbing 1.5 percent to 26.35 rand. Earnings per share rose to 89 cents for the six months through December compared with a 3.54-rand loss a year earlier, it said in a regulatory filing today.

Impala Platinum Holdings Ltd. (IMP) , the second-biggest producer, climbed 1.3 percent to 167.65 rand, its first gain in three days. The company said it’s working with its largest labor union to re-hire dismissed employees and start output at South Africa’s Rustenburg mine after it was closed by an illegal strike.

Village Main Reef Ltd. (VIL) , a South African gold miner, rose for the first time in ten days, advancing 4.6 percent to 2.26 rand. The company reached a binding agreement to purchase Blyvooruitzicht Gold Mining from DRDGold Ltd. (DRD) , it said in a statement today.

DRDGold gained to a two-month high, adding 1.8 percent to 5.60 rand.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at;

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

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