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Avusa, Optimum Coal, Sanlam: South African Equity Preview

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 rose for the first time in four days, advancing 988.77, or 3.3 percent, to 30,514.60 by the 5 p.m. close in Johannesburg.

Avusa Ltd. (AVU SJ): The publisher of South Africa’s largest weekend broadsheet newspaper ended talks with a group of investors led by Capitau Holdings Ltd. after the bidders failed to secure funding because of tax changes. Shares were unchanged at 22.70 rand.

Optimum Coal Holdings Ltd. (OPT SJ): Netherlands-based Mercuria Energy Asset Management B.V. bought shares in South Africa’s fourth-largest coal exporter and now holds a beneficial interest of 5.71 percent, Optimum said in a statement. Glencore International Plc, which is attempting a cash takeover of Optimum, has increased its stake in Optimum to 24.7 percent since Aug. 29. Shares rose 1.3 percent to 37.50 rand.

Sanlam Ltd. (SLM SJ): The largest South Africa-based insurer is releasing results for the interim period ending June 30. Headline earnings per share are expected to be between 25 percent and 35 percent higher than in the same period last year, the group said in a trading statement on Aug. 16. Shares rose 5.5 percent to 26.95 rand.

York Timber Holdings Ltd. (YRK SJ): The lumber producer said headline earnings per share for the 12 months to June 30 declined to 16 South African cents from 40 cents a year earlier. Shares were unchanged at 3.30 rand.

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