AngloGold, ArcelorMittal, Liberty: South Africa Equity Preview

The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.

South Africa’s FTSE/JSE Africa All Share Index rose 191.49, or 0.7 percent, to 28,716.27 in Johannesburg, after yesterday’s 2.7 percent decline.

Absa Group Ltd. (ASA SJ): South Africa’s third-largest bank said first-quarter profit more than doubled to 167 million pounds ($265.5 million) because of a pension-fund surplus and the rand’s appreciation against the British pound.

AngloGold Ashanti Ltd. (ANG SJ): Gold gained, poised for its strongest month since November, as the escalating European debt crisis helps rekindle investor interest in the precious metal. AngloGold, Africa’s largest gold producer, gained 4.10 rand, or 1.4 percent, to 306.95 rand.

ArcelorMittal South Africa Ltd. (ACL SJ): Africa’s largest steel producer will announce the amount it may be liable to pay for the iron ore it has received at the end of its fiscal second quarter if it fails to resolve a dispute over discounted ore with Kumba Iron Ore Ltd. ArcelorMittal rose 12 cents, or 0.1 percent, to 88.10 rand.

BHP Billiton Ltd. (BIL SJ): Copper rose, paring the biggest weekly loss in almost three months, as a weaker dollar bolsters investment demand for commodities and the Federal Reserve pledged to keep interest rates low. BHP, the world’s largest mining company, advanced 1.82 rand, or 0.8 percent, to 236 rand.

BSI Steel Ltd. (BSS SJ): The steel trader and processor said it’s in talks that may affect its shares. BSI fell 4 cents, or 6.8 percent, to 55 cents.

Liberty International Plc (LBT SJ): Deutsche Bank AG equity analyst Christopher Spearing cut his recommendation on the largest owner of U.K. shopping malls to “sell” from “hold.” Liberty slid 11 cents, or 0.2 percent, to 55.50 rand.

SABMiller Plc (SAB SJ): Chongqing Brewery Co., part-owned by Carlsberg A/S, said the Danish brewer, Anheuser-Busch InBev NV, and SABMiller Plc’s Chinese venture submitted bids to buy the 12.25 percent stake its parent offered for sale. SABMiller, the world’s second-biggest brewer, rose 3.49 rand, or 1.5 percent, to 232 rand.

Sasol Ltd. (SOL SJ): Macquarie Research raised its recommendation on the world’s biggest maker of motor fuel from coal to “outperform” from “neutral” on the outlook for oil prices. Sasol’s 12-month share-price estimate was raised to 380 rand, from 300 rand, Johannesburg-based analyst Caroline Learmonth wrote in a note dated today. Sasol slid 1.20 rand, or 0.4 percent, to 299.80 rand.

Vukile Property Fund Ltd. (VKE SJ): The property holding and investment company said it plans to buy nine properties from Sanlam Ltd. for 527 million rand ($71.6 million). The companies had previously agreed that Vukile would buy 13 properties for 775 million rand. Vukile fell 8 cents, or 0.7 percent, to 12.08 rand.

Shares or American depositary receipts of the following South African companies closed as follows:

Anglo American Plc (AAUKY US) rose 2.7 percent to $21.98. AngloGold Ashanti Ltd. (AU US) gained 1.4 percent to $41.63. BHP Billiton Ltd. (BBL US) increased 0.7 percent to $63.85. DRDGold Ltd. (DROOY US) was unchanged at $5.02. Gold Fields Ltd. (GFI US) slid 0.2 percent to $13.26. Harmony Gold Mining Co. (HMY US) lost 0.6 percent to $9.64. Impala Platinum Holdings (IMPUY US) increased 1.3 percent to $28.15. Sappi Ltd. (SPP US) rose 1.7 percent to $4.26. Sasol Ltd. (SSL US) increased 0.4 percent to $40.45.

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