Bloomberg News

Bidvest Group, Imperial, Trans Hex: South African Equity Preview

June 02, 2011

June 2 (Bloomberg) -- 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 declined 243.63, or 0.8 percent, to 32,322.10 at the 5 p.m. close in Johannesburg.

Bidvest Group Ltd. (BVT SJ): The National Automobile Association publishes vehicle sales for the month of May. The diversified investment group with auto-dealerships was unchanged at 154.66 rand. Combined Motor Holdings Ltd. (CMH SJ): The car retailer was unchanged at 11.10 rand. Imperial Holdings Ltd. (IPL SJ): South Africa’s largest auto-dealer rose 2 cents to 116.51 rand.

Curro Holdings Ltd. (COH SJ): The investment company with assets in private education companies lists its 80.6 million shares on the Alternative Exchange in Johannesburg after raising 322.4 million rand, it said on May 26.

Trans Hex Group Ltd. (TSX SJ): Africa’s biggest publicly traded diamond producer publishes its earnings statement for the year through March. The Group expects to report a loss for the period of 45.1 million rand ($6.63 million), compared to a profit of 21.6 million rand for the year earlier, said Trans Hex in a trading update on May 30. The stock fell 25 cents, or 7.6 percent, to 3.05 rand.

--Editor: Glenn J. Kalinoski

To contact the reporter on this story: 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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