Bloomberg News

South African Stocks: Anglo American, Anglo Platinum, Sasol Move

February 12, 2012

Feb. 10 (Bloomberg) -- The FTSE/JSE Africa All Share Index fell for the first time in three days, set for its first weekly decline in six. The index dropped 1.5 percent to 33,873.56 at 2:23 p.m. in Johannesburg, bringing its five-day loss to 1.5 percent.

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

Anglo American Plc (AGL SJ), a diversified miner that makes up 9 percent of the index, dropped 2.3 percent to 335 rand. Industrial metals including copper and nickel declined after European finance ministers held back a rescue package for Greece, fueling concerns that Europe’s debt crisis may curb global growth.

BHP Billiton Ltd. (BIL SJ), the world’s biggest miner, slipped 2.5 percent to 252.41 rand.

Anglo American Platinum Corp. Ltd. (AMS SJ), the biggest producer of the metal, slumped 2.3 percent to 537.52 rand. A close at this level would be the lowest since Dec. 30. The price of platinum declined for a second day in London.

Impala Platinum Holdings Ltd. (IMP SJ), the second-biggest producer, declined 1.8 percent to 164.88 rand.

Sasol Ltd. (SOL SJ), which produces 40 percent of South Africa’s motor fuel, declined 1.8 percent to 395.50 rand. Oil fell from a three-week high on concern Europe’s debt crisis will trim commodity demand.

--Editors: Peter Branton, Thomas Mulier

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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