Bloomberg News

South Africa Stocks: Anglo, BHP, AngloGold, Harmony, Sasfin Move

January 06, 2012

Jan. 5 (Bloomberg) -- The FTSE/JSE Africa All Share Index declined for the first time in three days, falling 0.6 percent to 32,709.71 by 12:17 p.m. in Johannesburg.

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

Anglo American Plc (AGL SJ), the mining company that makes up about 9 percent of the benchmark, dropped for the first time in four days, slipping 0.8 percent to 311.70 rand. Three-month copper weakened as much as 0.7 percent, a second day of losses, reversing an earlier 1.5 percent rise.

BHP Billiton Ltd. (BIL SJ), the world’s biggest miner, fell 1.5 percent to 248.30 rand.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest producer of the metal, declined for the first time in four days, sliding 1.7 percent to 354.21 rand. Production at the company’s Savuka mine near Carletonville, South Africa, was stopped after a miner died in a fall-of-ground accident, the company said in an e- mailed statement today.

Growthpoint Properties Ltd. (GRT SJ), South Africa’s largest publicly traded real-estate investor, headed for its highest close in a week, rising 0.5 percent to 19.08 rand. The company opened a rights offer today to raise approximately A$166.4 million ($170.8 million) to partly fund the acquisition of three properties in Australia, according to a regulatory filing Dec. 20.

Harmony Gold Mining Co. (HAR SJ), South Africa’s third- largest gold producer, fell for the first time in four days, dropping 1.7 percent to 97.81 rand. The company stopped all operations at its Doornkop mine in South Africa yesterday after a mud slide killed a worker.

Sasfin Holdings Ltd. (SFN SJ), a financial services group, rose for a third day, climbing 5.1 percent to 30 rand. The company will continue raising funds from development banks and deposits from wealthy customers to ensure it has a stable base from which to increase lending, Johannesburg-based Business Day said, citing Jonathan Newfield, Sasfin Bank’s head of group strategy.

--Editors: Ash Kumar, Peter Branton

To contact the reporters on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net and Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

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


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