Bloomberg News

South African Stocks: Anglo Platinum, ArcelorMittal, Implats

February 14, 2012

Feb. 13 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced the most in almost two weeks, gaining 0.9 percent to 34,207.43 by the close in Johannesburg. The index fell 1.4 percent last week.

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

Anglo American Platinum Corp. (AMS SJ), the biggest producer of the metal, rose for the first time in three days, adding 1.4 percent to 548 rand. Adjusted headline earnings increased 8 percent to 20.94 rand a share in the year through December, the company said in a regulatory filing today.

ArcelorMittal South Africa Ltd. (ACL SJ), Africa’s largest steelmaker, added 1.3 percent to 65.05 rand, its first gain in three days. The stock was raised to “neutral” from “underperform” at Credit Suisse Group AG with a price estimate of 65 rand.

Impala Platinum Holdings Ltd. (IMP SJ), the second-biggest producer, climbed 1.6 percent to 168 rand, the most in almost two weeks. The company said it’s working with its largest labor union to re-hire dismissed employees and start output at South Africa’s Rustenburg mine after it was closed by an illegal strike.

Village Main Reef Ltd. (VIL SJ), a South African gold miner, rose for the first time in ten days, advancing 6 percent to 2.29 rand. The company reached a binding agreement to purchase Blyvooruitzicht Gold Mining from DRDGold Ltd. (DRD SJ), it said in a statement today.

DRDGold gained to the highest since October 2009, adding 3.6 percent to 5.70 rand.

--Editors: Peter Branton, Linda Shen

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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