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Awethu, Bauba Platinum: South African Equity Preview

(Corrects name of company in headline.)

March 31 (Bloomberg) -- The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.

South Africa’s FTSE/JSE Africa All Share Index advanced 556.60, or 1.8 percent, to 32,274.61 at the 5 p.m. close in Johannesburg.

Awethu Breweries Ltd. (AWT SJ): The brewer of sorghum beer publishes earnings statements for the first half through December. It said yesterday that its loss for the period would narrow to a maximum 0.89 cents a share, from a loss of 2.61 cents a year ago. The stock was unchanged at 3 cents.

Bauba Platinum Ltd. (BAU SJ): The explorer of platinum group metals said it’s likely that first-half earnings through December will be between 44 and 54 percent higher than the 19 cents a share loss in the first half ended December 2009, according to a trading update published via the stock exchange yesterday. Bauba shares declined 1 cent, or 0.4 percent, to 2.29 rand.

IFA Hotels & Resorts Ltd. (IFH SJ): The gaming and leisure company said it had narrowed its loss to 3.10 cents during the first half through December, from a loss of 10.41 cents a year earlier, according to an earnings statement yesterday.

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

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

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