Bloomberg News

South Africa Stocks: AngloGold Ashanti, Harmony Gold, Sasol Move

December 30, 2011

Dec. 30 (Bloomberg) -- The FTSE/JSE Africa All Share Index declined for a third day, extending its first annual fall since 2008.

The index dropped 10.20, or less than 0.1 percent, to 31,985.67 at the noon close in Johannesburg, a decline of 0.4 percent this year.

The following are among the active equities in the South African market today. Stock symbols follow company names.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest producer of the metal, gained for the first time in three days, adding 1.6 percent to 343.40 rand. Gold, poised for an 11th year of advance, rebounded from the lowest level in six months as a slump that threatened to tip the metal into a bear market spurred purchases, tempering the effect of a stronger dollar.

Harmony Gold Mining Co. Ltd. (HAR SJ), South Africa’s third-largest gold producer, climbed 0.3 percent to 95.00 rand. DRDGold Ltd. advanced 2 percent to 4.60 rand.

Beige Holdings Ltd. (BEG SJ), a cosmetics maker, had its biggest gain since June 30 after saying Lion Match Co. (Pty) Ltd. had acquired a controlling stake and would make a mandatory offer to other shareholders. Beige stock jumped 29 percent to 9 cents.

Sasol Ltd. (SOL SJ), which provides 40 percent of South Africa’s motor fuel, increased for a second day, rising 1.2 percent to 385.50 rand. Oil rose for a second day, heading for a third annual increase, on speculation escalating tension in the Middle East may disrupt supplies as a recovery in the U.S. economy bolsters demand.

-- Editors: Ash Kumar, Hilton Shone

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net

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


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