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South African Equities: Anglo, Afgri, Brait, Gold Reef, Sasol

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March 2 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index declined for a second day, falling 77.64, or 0.2 percent, to 31,973.09 at the 5 p.m. close in Johannesburg.

The following were among the most active stocks in the South African market today.

Afgri Ltd. (AFR SJ), the handler of about a third of South Africa’s grain, dropped for the first time in three days, losing 13 cents, or 1.8 percent, to 7.05 rand. Afgri said profit in the first half through December retreated to 146 million rand ($21 million) from 156 million rand a year earlier.

Anglo American Plc (AGL SJ), the diversified mining company that makes up 11 percent of South Africa’s benchmark stock index, slipped for a second day, falling 3.55 rand, or 1 percent, to 369.48 rand. Copper fell for a second day in London as concern rising energy prices may curb global economic growth overshadow expectations of a global shortage.

Bell Equipment Ltd. (BEL SJ), Africa’s biggest maker of vehicles, advanced the most in a month, adding 49 cents, or 4.1 percent, to 12.5 rand. Bell said it expects to report earnings per share excluding one-time items for the year ended Dec. 31 of 20 cents to 35 cents compared with a loss a year earlier. The company had previously expected to break even or report a marginal profit, it said Dec. 15.

Brait SA (BAT SJ), South Africa’s largest private equity company, declined 1.24 rand, or 5.6 percent, to 20.76 rand, the lowest since Sept. 17. The company said it will raise 6 billion rand in new capital to increase its stakes Pepkor Stores Ltd. and Premier Foods.

Gold Reef Resorts Ltd. (GDF SJ), a casino and gaming company, fell 36 cents, or 2 percent, to 17.34 rand. Gold Reef said full-year profit is expected to drop as much as 25 percent.

Sasol Ltd. (SOL SJ), the world’s biggest maker of motor fuel from coal, snapped two days of losses, rising 7.25 rand, or 2 percent, to 376.5 rand after oil gained for a second day in New York, rising from the highest closing price in 29 months. The company said it completed the acquisition of a 50 percent interest in Canada’s Montney Shale Basin for C$1.05 billion ($1.1 billion).

To contact the reporters on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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