Bloomberg News

South African Stocks: Ansys, BHP, Coal of Africa, Pick n Pay

October 19, 2011

Oct. 19 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for the first time in three days, gaining 143.15, or 0.5 percent, to 31,197.35 by the 5 p.m. close in Johannesburg.

The following were among the most active stocks in the South African market today.

Ansys Ltd. (ANS SJ), a designer of transport and defense- monitoring systems, fell for the first time six days, dropping 4 cents, or 11 percent, to 33 cents. The company reported earnings per share of 3.96 cents for the six months to Aug. 31, at the lower end of guidance provided in an Oct. 10 trading update.

Coal of Africa Ltd. (CZA SJ), a coal producer, advanced the most in more than three months, rising 1.02 rand, or 17 percent, to 7.17 rand. The company plans to start coking coal production at its Vele colliery in South Africa early next year after a suspension of its water license was lifted by the government.

Gold Fields Ltd. (GFI SJ), the country’s second-biggest producer of the metal, closed at its highest level in more than two weeks, gaining 2.30 rand, or 1.9 percent, to 124.30 rand. Production probably increased 3 percent to 900,000 gold- equivalent ounces in the three months to Sept. 30 compared with the previous three months, the company said.

Pick n Pay Stores Ltd. (PIK SJ), South Africa’s second- biggest food retailer, closed at its highest level in four weeks, rising 71 cents, or 1.9 percent, to 37.36 rand. The company announced plans for a limited dividend reduction and an expansion strategy in Africa.

SABMiller Plc (SAB SJ), the world’s second-largest brewer by volume, advanced for a fifth day, adding 1.51 rand, or 0.5 percent, to 286.13 rand. The group will transfer eastern European beer businesses valued at $1.9 billion to Anadolu Efes Biracilik & Malt Sanayii AS and take a 24 percent stake in an enlarged company that will be Russia’s second-biggest beermaker.

Sallies Ltd. (SAL SJ), a fluorspar producer, rose the most in two weeks, climbing 1 cent, or 7.1 percent, to 15 cents. The company reported average plant recoveries of 86 percent for the three months to Sept. 30, “significantly above historical performance.”

--Editors: Linda Shen, Ana Monteiro

To contact the reporters on this story: Stephen Gunnion in Johannesburg at Jana Marais in Johannesburg at

To contact the editor responsible for this story: Gavin Serkin at

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