Bidvest Group, Cadiz, Harmony Gold, Imperial: South African Equity Preview
The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close. The FTSE/JSE Africa All Share Index fell for the first day in three, declining 173.26, or 0.6 percent, to 29,259.86 by the 5 p.m. close in Johannesburg.
Amalgamated Electronics Corp. (AER SJ): The maker of electronic security systems said it would buy electronic products importer and distributor Secequip Supplies (Pty) Ltd. for 27 million rand ($3.8 million), excluding the company’s debtors and business liabilities. The stock rose 0.6 percent to 1.60 rand.
Bidvest Group Ltd. (BVT) : The industrial holding company said profit from the sale of half of its economic interest in Mumbai International Airport Private Ltd. would not be included in results for the year to June 30 as certain formalities had not been completed. Shares in the company fell 0.8 percent to 145.90 rand.
Cadiz Holdings Ltd. (CDZ) : The stock broker and money manager holds its annual general meeting. The stock ended unchanged at 2.80 rand.
Harmony Gold Mining Co. (HAR SJ): Africa’s third-largest gold company hosts a presentation to money managers, analysts and journalists. The shares rose 2.2 percent to 92.88 rand.
Imperial Holdings Ltd. (IPL) : South Africa’s largest auto dealer releases results for the year to June 30 and is expected to announce an increase in earnings per share of 23 percent to 33 percent, the company said in a trading statement on June 10. The stock fell 1.4 percent to 108.44 rand.
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