Bloomberg News

South African Stocks: Anglo, AngloPlat, Basil Read, Harmony

February 20, 2012

Feb. 17 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for the first time in four days, rising 0.7 percent to 34,036.76 by 1:02 p.m. in Johannesburg. The index has gained 0.4 percent this week.

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 about 9 percent of the index, jumped 2.3 percent to 327.93 rand, its first gain in four days. The company said profit rose 23 percent last year as iron-ore and copper output increased.

Anglo American Platinum Corp. (AMS SJ), the biggest producer of the metal, added 0.6 percent to 556.50 rand. The company took legal steps to protect its shareholders as the government awarded a mining right at its Modikwa venture with African Rainbow Minerals Ltd. to Nkwe Platinum Ltd., it said in a statement late yesterday.

Basil Read Holdings Ltd. (BSR SJ), a construction company, climbed to the highest level in more than two years, adding 12 percent to 15.90 rand. The company was awarded a 1.2 billion ($155 million) rand contract by South Africa’s Trans-Caledon Tunnel Authority, taking the value of its order book to 14 billion rand, the company said in a statement late yesterday.

Harmony Gold Mining Co. (HAR SJ), South Africa’s third- biggest producer, jumped the most in more than a week, gaining 2.5 percent to 99.55 rand. Production at its Doornkop mine will restart during the last week of February following an infrastructure upgrade that will accelerate long-term production, the company said in a regulatory filing today.

--Editors: Linda Shen, Alex Nicholson

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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