South Africa Stocks: Anglo American, Pioneer Food, Interwaste

The FTSE/JSE Africa All Share Index (JALSH) gained less than 0.1 percent to 34,221.62 at the close in Johannesburg. The index has climbed 0.9 percent in the past five days, its first weekly advance in three.

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

Anglo American Plc (AGL) , the miner that makes up about 9 percent of the index, gained 2 percent to 313.80, the highest closing price since March 2. Copper headed for a weekly gain on speculation demand will increase as the U.S. economy rebounds.

BHP Billiton Ltd. (BIL) , the world’s biggest miner, gained 1.2 percent to 244.47 rand.

Aveng Ltd. (AEG) , a South African construction company, declined for a second day, dropping 1.1 percent to 37.54 rand. The stock was cut to sell at Afrifocus Securities.

Avusa Ltd. (AVU) , publisher of South Africa’s biggest Sunday newspaper, dropped for a third day, retreating 2.9 percent to 19.51 rand, the lowest close this month. The company said headline earnings per share will decline as much as 35 percent in the year through March.

Interwaste Holdings Ltd. (IWE) , a waste management company, slumped the most in more than two months after saying it will report a loss per share of between 1.61 and 1.94 cents for the year through December. The stock declined 8 percent to 46 cents.

O-Line Holdings Ltd. (OLI) , a cable manufacturer, gained 1.6 percent to 1.28 rand after saying it will pay a special dividend of 3 cents a share.

Pioneer Food Group Ltd. (PFG) , a producer of cereals and fruit juice, declined the most since Aug. 8 after saying earnings per share for the six months ended March 31 will decrease as much as 55 percent. The stock slipped 4.1 percent to 58.50 rand.

Seardel Investment Corp. Ltd. (SER) , in investment holding company with interests in clothing and textile manufacturers, gained the most since June 2010 after saying it has settled a lawsuit with former directors. The shares surged 21 percent to 1.20 rand.

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net

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

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.