Bloomberg News

South Africa Shares: Clover Industries, MTN Shares Are Active

June 05, 2012

The FTSE/JSE Africa All Share Index rose for the first time in three days, advancing less than 0.1 percent to 33,093.11 by 12:52 p.m. in Johannesburg.

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

Clover Industries Ltd. (CLR) , South Africa’s biggest dairy company, headed for its biggest gain in almost two months, climbing 2.2 percent to 13.70 rand. The company renewed an outsourcing agreement with Eqstra Flexifleet (Pty) Ltd., saying it will help it reduce costs and increase volume over time.

MTN Group Ltd. (MTN) , Africa’s biggest mobile-phone company, fell for the first time in four days, dropping 0.4 percent to 135.51 rand. The Democratic Alliance, South Africa’s main opposition party, said that the Hawks, an elite police unit, are probing allegations of corruption related to the company’s Iranian unit.

To contact the reporter on this story: Janice Kew in Johannesburg at jkew4@bloomberg.net Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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