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South African Stocks: Anglo, Aspen, Gold Fields, SABMiller

Sept. 21 (Bloomberg) -- The FTSE/JSE Africa All Share Index fell 32.73, or 0.1 percent, to 31,311.17 by the 5 p.m. close in Johannesburg.

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

Anglo American Plc (AGL SJ), the mining company that makes up about 9 percent of the benchmark stock index, dropped 2.44 rand, or 0.8 percent, to 295.50 rand. Leigh Day & Co. said it filed lawsuits in London to claim “hundreds of millions of pounds” from Anglo American South Africa on behalf of at least 450 former miners suffering deadly lung diseases after working in South African gold mines.

Aspen Pharmacare Holdings Ltd. (APN SJ), the largest maker of generic medicines in the southern hemisphere, declined for the first time in three days, dropping 2.42 rand, or 2.7 percent, to 88.60 rand. The company was downgraded to “neutral” from “outperform” at Macquarie Research, with a 12-month price estimate of 90 rand.

Gold Fields Ltd. (GFI SJ), the continent’s second-biggest gold producer, advanced 6.01 rand, or 4.5 percent, to 141.01 rand. The miner said it made the second down-payment of $66 million on the option agreements to buy 60 percent of the undeveloped gold-copper Far Southeast deposit in the Philippines.

IFCA Technologies Ltd. (IFC SJ), an investment company with interests in software solutions and services, climbed to its highest in three weeks, rising 1 cent, or 7.1 percent, to 15 cents. The company plans to sell its software unit, purchase an additional 37.5 percent of Johannesburg Expo Centre Ltd. and transfer its listing to the main board of JSE Ltd.

SABMiller Plc (SAB SJ), the world’s second-largest brewer by volume, fell for the first day in three, declining 1.30 rand, or 0.5 percent, to 265 rand. The company agreed to acquire Foster’s Group Ltd. after increasing its offer to A$9.9 billion ($10.2 billion). Separately, the company was raised to “buy” from “hold” at Jefferies, with a price estimate of 25.30 pounds.

Sovereign Food Investments Ltd. (SOV SJ), a poultry producer, dropped to its lowest in more than five weeks, declining 15 cents, or 3.2 percent, to 4.55 rand. The company said earnings per share for the six months through August will be as much as 70 percent lower than the same period a year earlier.

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

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

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