South Africa Stocks: AngloGold, Barloworld, Pick n Pay, Sasol

The FTSE/JSE Africa All Share Index advanced 1,176.28, or 3.7 percent, to 32,812.64 by the 5 p.m. close in Johannesburg, the highest level in more than a month. The index has slipped 0.3 percent this month.

The following were among the most active stocks in the South African market today. Stock symbols follow company names.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest gold producer, rose to the highest in at least 13 years, advancing 4.2 percent to 384.40 rand. Gold surged as much as 2.1 percent in London trading.

Gold Fields Ltd. (GFI SJ), South Africa’s second-biggest producer of the metal, climbed 4.9 percent to 136.51 rand, while Harmony Gold Mining Co. Ltd. (HAR SJ), the No. 3 producer, soared 5.5 percent to 114.37 rand.

Barloworld Ltd. (BAW SJ), the world’s largest forklift trader, posted the highest close in almost two weeks, gaining 2.1 percent to 72.40 rand. The stock was rated “outperform” in new coverage at Credit Suisse Group AG with a price estimate of 90 rand.

Pick n Pay Stores Ltd. (PIK SJ), South Africa’s second-biggest food retailer, advanced for a fifth day, adding 3.4 percent to 43.57 rand. An Australian appeal court upheld the sale of the Franklins supermarket chain in Australia to Metcash Ltd., opening the way for Pick n Pay to focus on its operations in Africa, Chairman Gareth Ackerman said in a regulatory announcement today.

Sasol Ltd. (SOL SJ), the biggest producer of motor fuel from coal, rose to the highest in almost nine months, jumping 5 percent to 389.13 rand. The company said it will proceed with a feasibility study to build an ethane plant at its Lake Charles site in Louisiana for an estimated $3.5 billion to $4.5 billion.

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