Bloomberg News

South African Stocks: Comair, Country Bird, Mondi, Telkom Move

February 14, 2012

Feb. 14 (Bloomberg) -- The FTSE/JSE Africa All Share Index fell for the second time in three days, declining 0.1 percent to 34,184.15 by 1:15 p.m. in Johannesburg.

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

Comair Ltd. (COM SJ), an airline part-owned by International Consolidated Airlines Group SA, headed for its biggest fall in more than two weeks, dropping 3.1 percent to 1.55 rand. The company posted a fiscal first-half net loss of 34.17 million rand ($4.4 million) compared with a 48.4 million- rand profit a year earlier.

Country Bird Holdings Ltd. (CBH SJ), a chicken producer, climbed to its highest in more than four years, jumping 4 percent to 5.25 rand. South Africa provisionally imposed higher charges on poultry imports from Brazil to protect local suppliers.

Astral Foods Ltd. (ARL SJ), South Africa’s largest chicken producer by market value, rose the most on a closing basis in more than nine months, gaining 2.3 percent to 125 rand.

Rainbow Chicken Ltd. (RBW SJ), the second-biggest, added 1.7 percent to 15.25 rand.

Mondi Ltd. (MND SJ), Europe’s largest maker of office paper, advanced to its highest in more than six months, climbing 4.6 percent to 67.99 rand. Underlying operating profit for the 12 months to Dec. 31 will be “considerably higher” than a year earlier, the company said in a stock exchange statement today.

Telkom South Africa Ltd. (TKG SJ), Africa’s biggest fixed- line phone company, slumped to its lowest in more than eight years, dropping 2.1 percent to 27.61 rand. South Africa’s antitrust commission asked the Competition Tribunal to impose a 3.5 billion-rand penalty on the company, Business Day reported, citing the commission.

--Editors: Ash Kumar, 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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