South Africa Stocks: Cipla, Datatec, Great Basin Gold, Investec

The FTSE/JSE Africa All Share Index fell for the first time in three days, sliding 0.6 percent to 34,215.30 at the close in Johannesburg.

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

Cipla Medpro South Africa Ltd. (CMP SJ), a generic-drug manufacturer, dropped 3.8 percent to 6.51 rand, its biggest retreat in more than three months. The company said anti-retroviral tender business didn’t “materialize to the numbers we expected” last year.

Coal of Africa Ltd. (CZA SJ) fell 1.6 percent to 8.15 rand, it biggest decline in almost a week. The coal producer reported a loss per share excluding one-time items of 13.02 cents in the six months through December from 10.4 cents a year earlier.

Datatec Ltd. (DTC SJ), a Johannesburg-based computer-services company, rose for a fourth day, adding 0.3 percent to 45 rand. Earnings for the year through February will be in line with forecasts published during 2011, the company said today.

Great Basin Gold Ltd. (GBG SJ), a Vancouver-based miner with operations in South Africa and the U.S., slumped 15 percent to 5.35 rand, its lowest since its 2006 listing on the Johannesburg bourse. The company’s black-owned partner, Tranter Burnstone (Pty) Ltd., defaulted on a 200 million-rand ($26 million) loan it took out to finance its acquisition of shares in GBG, according to a press release dated yesterday.

Investec Ltd. (INL SJ), the banking group and fund manager with operations in South Africa, Australia and the U.K., fell the most in four months, dropping 3.3 percent to 47.55 rand. Earnings will decline because of “volatile” markets and sluggish activity in the lender’s fiscal second half, the lender said today.

Witwatersrand Consolidated Gold Resources Ltd. (WGR SJ) advanced 2.4 percent to 41 rand, the biggest increase in a week. The producer of the precious metal appointed Bernard Wessels as chief operating officer.

-- With assistance from Robert Brand in Cape Town. Editors: Ash Kumar, Stephen Kirkland

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