Bloomberg News

Investec, Naspers, Sasol May Move: South African Stocks Preview

June 27, 2011

June 27 (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 added 353.69, or 1.2 percent, to 30,680.23 by the 5 p.m. close in Johannesburg, giving a 0.04 percent weekly gain, the first increase in four weeks.

Investec Plc (INL SJ): The private bank and money manager is considering selling its Swiss private banking business, spokeswoman Ursula Nobrega said by mobile phone yesterday. Shares in Investec gained 0.5 percent to 53.61 rand.

Naspers Ltd. (NPN SJ): Africa’s biggest media company reports annual earnings. The company, based in Cape Town, said on June 14 that earnings per share for the 12 months to March 31 rose by 10 percent to 20 percent from a year earlier. Shares in the company gained 7.20 rand, or 2 percent, to 368.20 rand.

Sasol Ltd. (SOL SJ): Crude oil for August delivery fell as low as $89.82 a barrel on the New York Mercantile Exchange on June 24 after trading in Sasol’s shares closed for the day. The world’s biggest producer of motor fuels made from coal gained 2.99 rand, or 0.9 percent, to 341.99 rand.

--Editors: Alastair Reed, Paul Armstrong.

To contact the reporter on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net


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