Bloomberg News

Africa Bank, Sallies, Steinhoff: South African Equity Preview

September 06, 2011

Sept. 6 (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 for a second day, dropping 630.78, or 2.1 percent, to 29,888.14 by the 5 p.m. close in Johannesburg.

African Bank Investments Ltd. (ABL SJ): South Africa’s biggest provider of small loans updates the market on its furniture retailer subsidiary Ellerine Holdings Ltd. Shares in the lender fell 0.7 percent to 34.09 rand.

Kap International Holdings Ltd. (KAP SJ): The investment company releases results for the year to June 30. Earnings a share from continuing operations excluding one-time items rose as much as 45 percent, the company said in a trading statement on Aug. 12. The stock was unchanged at 2.60 rand.

Sallies Ltd. (SAL SJ): The fluorspar producer holds a general meeting of shareholders to vote on a $2.8 million convertible loan from TSC Investments Ltd. Shares in the company closed unchanged at 14 cents.

Steinhoff International Holdings Ltd. (SHF SJ): The furniture-maker releases earnings for the year to June 30. The stock declined 3 percent to 21 98 rand.

--Editors: Linda Shen, Gavin Serkin

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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