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South African Equities: Brait, Gold Fields, Exxaro, Stefanutti

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Nov. 15 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced the most in a week, rising 330.29, or 1 percent, to 32,674.18 by the close in Johannesburg, a fourth day of gains.

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

Brait SA (BAT SJ), South Africa’s largest private equity company, declined for a second day, slipping 1.3 percent to 19.18 rand. The stock was cut to “neutral” from “buy” by analysts at Citigroup Inc.

Gold Fields Ltd. (GFI SJ), the country’s second-biggest producer, gained for a second day, climbing 1.3 percent to 141 rand. Gold rose in New York, reversing an earlier decline.

Harmony Gold Mining Co. (HAR SJ), the continent’s third-largest gold company, added 1.5 percent to 113.80 rand.

Exxaro Resources Ltd. (EXX SJ), a diversified mining group, rose for a second day, gaining 0.8 percent to 180.98 rand. The company said a delay in government approval for its Fairbreeze mine will not affect its deal to sell its mineral sands assets to Tronox Inc. in exchange for a 39 percent stake in the U.S.- based pigment producer.

Reinet Investments SCA (REI SJ), advanced for the first time in three days, adding 1.5 percent to 13.90 rand. The company’s net asset value increased by 14 percent to 3.18 billion euros ($4.3 billion) between March 31 and Sept. 30, the company said in a regulatory filing.

Reunert Ltd. (RLO SJ), a maker of electric power cables and telecommunications equipment, gained for a fourth day, climbing 2 percent to 62 rand. Diluted earnings per share rose 61 percent to 803.3 cents in the year through September, compared with the same period a year earlier, the company said in a regulatory announcement.

Stefanutti Stocks Holdings Ltd. (SSK SJ), a construction and engineering company, closed at a four-week low, declining 2.3 percent to 10.70 rand. Earnings per share fell 25 percent to 72.67 cents in the six months to Aug. 31 from the year earlier period.

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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