Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

South African Stocks: African Rainbow, Anglo, Richemont, Sasol

Don't Miss Out —
Follow us on:

Feb. 2 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced to a record, rising 0.7 percent to 34,371.50 by the close in Johannesburg.

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

African Rainbow Minerals Ltd. (ARI SJ), a South African miner of gold and industrial metals, closed at its highest in more than four months, adding 2.5 percent to 194.54 rand. A report by South Africa’s ruling African National Congress found that the nationalization of mines, as proposed by Julius Malema, head of the party’s youth wing, would be unconstitutional and too expensive, Business Day reported, without saying where it got the information.

Anglo American Plc (AGL SJ), the diversified miner that accounts for 9 percent of the benchmark index, rose to an eight-month high, climbing 3.4 percent to 340.63 rand. An approach by Glencore International Plc to buy the shares in Xstrata Plc that it doesn’t already own has led to speculation the combined group could make a bid for Anglo, Doug Blatch, head of equity trading at Investec Asset Management, said by phone from Cape Town.

Capital Property Fund (CPL SJ), a property trust, which invests in industrial and office buildings, advanced the most in more than two weeks, gaining 0.8 percent to 9.20 rand. Total distributions rose 9.1 percent to 65.63 cents per unit in the year ended Dec. 31, the company said late yesterday.

Cie. Financiere Richemont SA (CFR SJ), the world’s second-largest luxury goods maker and owner of the Cartier brand, gained for a third day, adding 0.8 percent to 45.61 rand. Watch exports from Switzerland rose 21 percent in December from the same month a year earlier, according to the Federation of the Swiss Watch Industry.

Impala Platinum Holdings Ltd. (IMP SJ), the second-largest producer, closed at its lowest in more than two weeks, dropping 2.5 percent to 170.68 rand. The company said it has now fired about 17,200 workers at its Rustenburg operation in South Africa, after 13,000 mining employees failed to report for duty by the deadline yesterday.

Sasol Ltd. (SOL SJ), the largest producer of motor fuel from coal, rallied to the highest level in more than a week, gaining 1.1 percent to 407 rand. Earnings per share in the six months through December probably advanced as much as 90 percent, the company said in a regulatory filing.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.