South African Stocks: Anglo, Esorfranki, FirstRand Move

The FTSE/JSE Africa All Share Index (JALSH) advanced for a second day, rising 0.2 percent to 34,276.17 by 12:53 p.m. in Johannesburg.

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

Anglo American Plc (AAL) , the diversified miner that makes up about 9 percent of the index, gained for a second day, adding 0.9 percent to 325.30 rand. Copper climbed for a fourth day after data showed confidence among U.S. and European consumers was stronger than expected, indicating signs of improving growth prospects.

BHP Billiton Ltd. (BIL) , the world’s biggest miner, added 0.5 percent to 250.09 rand.

Foneworx Holdings Ltd. (FWX) , a provider of data services to the security and consumer-goods market, jumped to its highest in two months, gaining 11 percent to 1 rand. Earnings per share increased 8.4 percent in the six months through December, the company said in a regulatory filing today.

Impala Platinum Holdings Ltd. (IMP) , the world’s second- largest producer of the metal, added 1.8 percent to 166.84 rand, a second day of advances. The company expects “a significant number” of workers fired after an illegal strike at the world’s biggest mine of the metal to return to work by today’s deadline for them to be reinstated, it said in an e-mailed response to questions today.

Nedbank Group Ltd. (NED) , the South African lender controlled by Old Mutual Plc, advanced for a second day, gaining 1.6 percent to 162.03 rand. The company’s full-year profit climbed 26 percent, beating estimates.

Telkom South Africa Ltd. (TKG SJ), Africa’s biggest fixed- line phone company, headed for its lowest close in more than eight years, sliding 1.4 percent to 26.01 rand. South Korea’s KT Corp. may cut the price of an offer to buy a stake in Telkom South Africa Ltd. (TKG) or even abandon the 3.8 billion rand ($505 million) transaction, Absa Asset Management and MMI Asset Management said.

To contact the reporters 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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