Bloomberg News

South African Stocks: Anglo, BHP Billiton, Pioneer Foods, Santam

March 02, 2012

The FTSE/JSE Africa All Share Index (JALSH) declined for the first time in four days, dropping 0.3 percent to 34,186.81 by the close in Johannesburg. The gauge retreated 0.2 percent this week.

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

Anglo American Plc (AGL) , the diversified miner that makes up about 9 percent of the index, fell for a second day, slipping 1.3 percent to 316 rand. Copper for three-month delivery slid as much as 1.1 percent to $8,537 a metric ton in London.

BHP Billiton Ltd. (BIL) , the world’s biggest miner, dropped 1.1 percent to 243.47 rand.

Basil Read Holdings Ltd. (BSR) , a construction company, fell for the first time in five days after saying profit for the period through Dec. 31 dropped as much as 49 percent. The stock declined 1.3 percent to 15.80 rand.

Micromega Holdings Ltd. (MMG) , a financial-services company, gained for a second day, adding 1.6 percent to 3.20 rand. The company said full-year earnings-per-share are expected to have risen 32 percent from the 5.86 cents for 2010.

Pioneer Foods Ltd. (PFG) , a food producer, slipped 0.8 percent to 61.51 rand, a second day of losses. The company will provide a loan of 293.3 million rand ($39 million) to Pioneer Foods Pty Ltd., an indirect wholly owned subsidiary, it said in a regulatory filing today.

Santam Ltd. (SNT) , South Africa’s largest property and casualty insurer, gained for an eighth day, its longest winning streak in more than six years, rising 0.9 percent to 171 rand after the company announced an 8.50 rand a share special dividend.

To contact the reporters 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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