South African Equities: African Rainbow, Anglo, BHP, Grindrod

The FTSE/JSE Africa All Share Index (JALSH) declined for the first time in four days, falling 0.2 percent to 33,792.76 by 1:47 p.m. in Johannesburg. The gauge has gained 5.7 percent this year after retreating 0.4 percent in 2011.

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

African Rainbow Minerals Ltd. (ARI) , a miner of gold and industrial metals, fell for the first time in three days, dropping 1.3 percent to 184.29 rand. Talks to end a strike at the Modikwa platinum mine, which it owns with Anglo American Platinum Ltd., “didn’t make much progress,” Lesiba Seshoka, a spokesman for the National Union of Mineworkers, said by phone yesterday. Workers have been on strike since March 15.

Anglo American Plc (AAL) , the diversified miner that makes up about 9 percent of the index, fell to the lowest in four months, sliding 1.1 percent to 290.85 rand. Copper dropped for the first time in four days amid signs demand growth in China, the world’s biggest user, is slowing. Aluminum and zinc also declined.

BHP Billiton Ltd. (BIL) , the world’s biggest resources company, slipped 0.6 percent to 232.40 rand.

Grindrod Ltd. (GND) , Africa’s largest shipping company, advanced for the first time in seven days, rising 0.5 percent to 15.08 rand. The company agreed to sell a 50 percent interest in Cockett Marine Oil to Vitol SA for an undisclosed amount, it said late yesterday.

Impala Platinum Holdings Ltd. (IMP) , the world’s second- largest producer of the metal, dropped the most in almost a week, retreating 1.6 percent to 158.20 rand. Platinum declined for the first time in four days, falling as much as 1.3 percent to $1,632.48 an ounce.

Wesizwe Platinum Ltd. (WEZ) , an explorer of the metal, fell 3 percent to 1.30 rand.

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

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