Bloomberg News

Gold One, Impala, Nedbank Group: South African Equity Preview

August 01, 2011

Aug. 1 (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 fell for a fourth day, losing 238.35, or 0.8 percent, to 31,208.04 at the 5 p.m. close on July 29 in Johannesburg.

Gold One International Ltd. (GDO SJ): The gold-mining company agreed to extend to Aug. 15 the deadline for BCX Gold Investment Holdings Ltd. to offer to acquire a majority of Gold One’s shares and inject at least A$150 million ($165 million). Gold One fell 1 cent, or 0.3 percent, to 3.78 rand.

Impala Platinum Holdings Ltd. (IMP SJ): The world’s second- largest platinum producer resumes wage talks with the National Union of Mineworkers. Impala fell 3.85 rand, or 2.2 percent, to 171.40 rand.

Nedbank Group Ltd. (NED SJ): South Africa’s fourth-biggest lender publishes first-half earnings. The company said July 28 profit would rise at least 20 percent from the year-earlier 4.74 rand a share. Nedbank declined 1.30 rand, or 0.9 percent, to 140.50 rand.

--Editor: Dan Weeks.

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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