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Bell, Discovery, Illovo, Massmart: South African Equity Preview

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July 19 (Bloomberg) -- The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.

The FTSE/JSE Africa All Share Index ended at its lowest in a week, falling 416.84 or 1.3 percent, to 31,871.59 by the 5 p.m. close in Johannesburg.

Bell Equipment Ltd. (BEL SJ): The handling machinery manufacturer holds a general meeting of shareholders. The stock rose 5 cents, or 0.4 percent, to 13.75 rand.

Discovery Holdings Ltd. (DSY SJ): The owner of a health-insurance administrator and life insurer said it appointed Anton Ossip as chief executive officer of its property and casualty insurance business. Shares fell 22 cents, or 0.6 percent, to 40 rand.

Illovo Sugar Ltd. (ILV SJ): South Africa’s biggest sugar producer by market value holds its annual general meeting. The stock closed up 36 cents, or 1.3 percent, lower at 26.50 rand.

Massmart Holdings Ltd. (MSM SJ): The South African Parliament’s economic development committee holds hearings on Wal-Mart Stores Inc.’s purchase of a 51 percent stake in Massmart. Shares fell for a second day, dropping 2.02 rand, or 1.4 percent, to 143.98 rand.

Sasol Ltd. (SOL SJ): The oil company reduced production rates at parts of its Secunda plant in South Africa as a strike by fuel industry workers spread. Shares fell 7.11 rand, or 2 percent, to 352.64 rand.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

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

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