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South Africa Stocks: Anglo, AngloGold, Harmony, Mercantile, MTN

Jan. 5 (Bloomberg) -- The FTSE/JSE Africa All Share Index declined for the first time in three days, falling 0.9 percent to 32,599.06 by the close in Johannesburg.

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

Anglo American Plc (AGL SJ), the mining company that makes up about 9 percent of the benchmark, dropped for the first time in four days, slipping 1 percent to 310.86 rand. Copper fell for a second day in New York as a smaller-than-expected increase in euro-zone industrial orders stoked concern the region’s debt crisis is threatening growth and demand for metals.

BHP Billiton Ltd. (BIL SJ), the world’s biggest miner, fell 1.8 percent to 247.50 rand.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest producer of the metal, declined for the first time in four days, sliding 1.8 percent to 353.75 rand. Production at the company’s Savuka mine near Carletonville, South Africa, was stopped after a miner died in a fall-of-ground accident, the company said in an e-mailed statement today.

Harmony Gold Mining Co. (HAR SJ), South Africa’s third-largest gold producer, fell the most in more than a week, dropping 3.2 percent to 96.37 rand. The company stopped all operations at its Doornkop mine in South Africa yesterday after a mud slide killed a worker.

Mercantile Bank Holdings Ltd. (MTL SJ), the lender controlled by Portugal’s Caixa Geral de Depositos SA, closed at a six-month high, rising 20 percent to 30 cents. The company said it would make an offer to minority shareholders to buy all their Mercantile securities.

MTN Group Ltd. (MTN SJ), Africa’s largest mobile-phone company, fell the most since February 2009, dropping 5.4 percent to 132.06 rand. The removal of fuel subsidies in Nigeria and proposed sanctions against Iran, two of MTN’s largest markets, were affecting shares in the company, Khulekani Dlamini, head of research at Cape Town-based Afena Capital, said by phone.

Sasfin Holdings Ltd. (SFN SJ), a financial services group, rose for a third day, climbing 1.6 percent to 29 rand. The company will continue raising funds from development banks and deposits from wealthy customers to ensure it has a stable base from which to increase lending, Johannesburg-based Business Day said, citing Jonathan Newfield, Sasfin Bank’s head of group strategy.

To contact the reporters on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net and Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

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

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