Bloomberg News

South African Equities: AngloGold, Brait, Reinet, Stefanutti

November 15, 2011

Nov. 15 (Bloomberg) -- The FTSE/JSE Africa All Share Index snapped three days of gains, retreating less than 0.1 percent, to 32,315.89 by 12:36 p.m. in Johannesburg.

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

AngloGold Ashanti Ltd. (ANG SJ), the world’s third-largest producer of the metal, fell for the first time in three days, dropping 2.2 percent to 371.83 rand. Gold fell for a second day as the euro held losses against the dollar on concern Europe will struggle to contain its debt crisis.

Harmony Gold Mining Co. (HAR SJ), the continent’s third- largest gold company, slid 1 percent to 110.92 rand.

Brait SA (BAT SJ), South Africa’s largest private equity company, declined for a second day, slipping 0.6 percent to 19.31 rand. The stock was cut to “neutral” from “buy” by analysts at Citigroup Inc.

Reinet Investments SCA (REI SJ), advanced for the first time in three days, adding 0.7 percent to 13.78 rand. The company’s net asset value increased by 14 percent to 3.18 billion euros ($4.3 billion) between March 31 and Sept. 30, the company said in a regulatory filing.

Reunert Ltd. (RLO SJ), a maker of electric power cables and telecommunications equipment, gained for a fourth day, climbing 0.6 percent to 61.15 rand. Diluted earnings per share rose 61 percent to 803.3 cents in the year through September, compared with the same period a year earlier, the company said in a regulatory announcement.

Stefanutti Stocks Holdings Ltd. (SSK SJ), a construction and engineering company, headed for its lowest close in four weeks, declining 2.3 percent to 10.70 rand. Earnings per share fell 25 percent to 72.67 cents in the six months to Aug. 31 from the year earlier period.

--Editors: Linda Shen, Peter Branton

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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