Bloomberg News

Pick n Pay, Don Group May Move: South African Equity Preview

October 05, 2011

Oct. 5 (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 closed at its lowest since Aug. 10, dropping 699.63, or 2.3 percent, to 29,178.27 by the 5 p.m. close in Johannesburg.

Pick n Pay Stores Ltd. (PIK SJ): South Africa’s second- largest retailer said earnings per share fell between 40 percent and 50 percent in the six months to Aug. 31. Shares in the retailer dropped 1.1 percent to 36.60 rand.

The Don Group Ltd. (DON SJ): The hotel group reports results for the 12 months to June 30. The company said in a trading statement on Oct. 3 it expected a loss per share of as much as 12.14 cents for the year from a loss of 3.12 cents the year earlier. The stock rose 4 percent to 26 cents.

--Editors:

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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