Bloomberg News

AME, Brait, Capitec, Freeworld: South African Stocks Preview

June 03, 2011

June 3 (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 1.4 percent to 31,877.77 in Johannesburg.

African Media Entertainment Ltd. (AME SJ): The producer of television advertisements said per share income climbed 22 percent to 3.07 cents in the year through March, when compared to a year earlier, according to a regulatory statement. The shares were unchanged at 47.50 rand.

Brait SA (BAT SJ): South Africa’s largest private equity company said earnings fell 6 percent to 174.8 million rand ($26 million) in the year ended March. Total assets under management rose by 1 billion rand to 14.6 billion rand when compared to the year earlier. Brait gained 0.4 percent to 16.60 rand.

Capitec Bank Holdings Ltd. (CPI SJ): The second-largest South African provider of unsecured loans will hold a shareholders’ meeting. Capitec weakened 0.5 percent to 187.82 rand.

Chemical Specialities Ltd. (CSP SJ): The South African paint and coating products distributor said its finance director, Graham Edward Ferns, resigned effective May 31. The stock lost 2.6 percent to 38 cents.

Freeworld Coatings Ltd. (FWD SJ): Chief Executive Officer Andre Lamprecht has retired effective today, Freeworld said in a statement. Nauman Malik takes over from Lamprecht. Freeworld advanced 1.3 percent to 12 rand.

--Editors: Glenn Kalinoski, Brendan Walsh

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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