Bloomberg News

Beige, Bidvest, Metorex, WBHO: South African Equity Preview

September 02, 2011

Sept. 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 rose for a fifth day, adding 82.62, or 0.3 percent, to 31,088.12 by 5 p.m. in Johannesburg, its highest close in a month.

Beige Holdings Ltd. (BEG SJ): The pharmaceutical and cosmetic manufacturer holds an annual general meeting of investors. Shares in the company gained 14 percent to 8 cents.

Bidvest Group Ltd. (BVT SJ): The National Automobile Association publishes vehicle sales for August. The diversified investment group with auto dealerships rose 3.9 percent to 163.01 rand.

Combined Motor Holdings Ltd. (CMH SJ): The car retailer’s stock was unchanged at 11 rand.

Imperial Holdings Ltd. (IPL SJ): Shares in South Africa’s largest auto dealer rose 2.5 percent to 118.61 rand.

Metorex Ltd. (MTX SJ): The South African copper producer holds a general meeting for shareholders to vote on Jinchuan Group Ltd.’s $1.36 billion takeover of the South African company. The stock rose 0.2 percent to 8.35 rand.

Wilson Bayly Holmes-Ovcon Ltd. (WBO SJ): The construction company holds a general meeting of shareholders. Shares in the group fell 2 percent to 99.80 rand.

--Editors: Vernon Wessels, Emily Bowers

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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