Bloomberg News

BioScience, Growthpoint, Sasol: South African Equity Preview

July 14, 2011

July 14 (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 rose 383.83, or 1.2 percent, to 32,310.38 at the 5 p.m. close of trading in Johannesburg.

Amalgamated Appliance Holdings Ltd. (AMA SJ): The seller of brands including Hoover and Pioneer said per-share earnings excluding one-time profits and losses rose to between 25 cents and 30 cents in the year through June, from 19 cents a year earlier. Amalgamated was unchanged at 1.70 rand.

BioSience Brands Ltd. (BIO SJ): The health and nutritional products supplier said its per-share loss widened by more than 20 percent in the year through June from a year earlier. Shares in the company were unchanged at 1 cent.

Growthpoint Properties Ltd. (GRT SJ): South Africa’s largest publicly traded real-estate investor said it raised about 1.8 billion rand ($263 million) through the sale of 100 million new shares. The shares dropped for a fourth day, declining 30 cents, or 1.6 percent, to 18.40 rand.

Sasol Ltd. (SOL SJ): South Africa’s largest producer of motor fuels said while its production plants are continuing to operate, a petroleum-industry strike over wages led to some of its retail outlets running out of stock. The shares fell 38 cents, or 0.1 percent, to 356.90 rand.

--Editors: John Kohut, Peter Branton.

To contact the reporter on this story: Mike Cohen in Cape Town at mcohen21@bloomberg.net;

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net.


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