WEEKLY JOHANNESBURG STOCK EXCHANGE (JSE)
SUMMARY AND ANALYSIS - SATURDAY EDITION

RAND/US$:  11.19

GOLD$/oz:   302.25

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Over the week, the All Share Index (ALSI) lost 135.9 points, the Rand declined against the Dollar, while Gold prices gained for the week. Gainers included: Anglo American Platinum Plc, Basil Read Holdings, Boe Ltd, Comparex Holdings, East Daggafontein Mines, Gold Reef Casino Resort, Impala Platinum Ltd, Investec Group, Investec Holdings, Nedcor Investment Bank, Northam Platinum Ltd, Prism Ltd, Randgold & Exploration Co. Ltd, Rand Leases Properties Ltd, SA Breweries Plc, South African Land & Exploration Co. Ltd (Sallies), Standard Bank property Fund, Sun International, Truworths International, and Wooltru.

MAIN REASONS FOR ACTIVITY

• Prism gained 2.78% after announcing that it has secured about R30 million in funding from 3 Portuguese financial institutions so as to rollout its PayShop Portugal, a pay technology based on its EasiPay™ smart card technology.

• Anglogold lost 2.43% after announcing Wednesday that it has "substantially" reduced its gold hedge. Gold shares were lower on Friday.

• Boe gained 3.45% on speculation that Nedcor might bid for it. Nedcor Investment Bank gained 0.39%.

• Tigon lost 9.45% on Friday after announcing on Tuesday that it bought 67% of microlender Saampro, a unit of troubled Saambou.

• South African Breweries (SA Breweries) gained 3.53% on news that it might close its more than US$ 5 billion acquisition of Miller Brewing as early as next week, after European based Interbrew indicated it might not make a counter offer.

• Platinum shares gained as labour troubles at an Anglo American facility sent Platinum prices to 9 month highs. Palladium prices were also up.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Sasol lost 1.26% after a coup in Venezuela sent oil prices lower.

• JD Group lost 4.75% after JP Morgan lowered its 2002 earnings outlook on the shares.

• MIH Holdings lost 5.47% on Friday after gaining most of the week on continued speculation that media giant Naspers might bid for the remaining 32.5% of the company it doesn't already own.

• Investec gained after Bernard Jacobs Mellet upgraded it to an "outperform".

• Spectrum Shipping closed unchanged after paying R6 million to acquire Western Cape clearing and forwarding company, CSS Logistics.

• BHP Billiton lost 1.55% after ABN AMRO downgraded it on Thursday.

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MARKET SUMMARY FOR FRIDAY APRIL 5TH. 2002

JSE ALSI: 11254.9 = +15.10

RAND/US$:  11.12 = -0.90%

GOLD$/oz:   299.25 = -0.58%

MOST ACTIVE STOCKS & SECTORS

The JSE closed higher on Friday. Over the week, the All Share Index (ALSI) gained 306.2 points, the Rand gained against the Dollar, while Gold prices eased for the week. Gainers included: Absa, Anglo American Plc, Basil Read Holdings, Bell Equipment Company, Bidvest Group, Boe Ltd, Bowler Metcalf Ltd, Dimension Data Holdings, Durban Roodepoort Deep, East Daggafontein Mines, Ellerine Holdings, Firstrand, Impala Platinum Ltd, Investec Group, Investec Holdings, Lonmin Plc, Nampak Ltd, Nedcor Ltd, Northam Platinum Ltd, SA Breweries Plc, Sage Group Ltd, Sanlam Ltd, South African Iron & Steel Industrial Corp (Iscor), Standard Bank (Stanbic), Sun International, Truworths International, Wooltru, Woolworths Holdings Ltd (Woolies), and Zeltis Holdings.

MAIN REASONS FOR ACTIVITY

• Anglo American Platinum (Angloplat) closed lower due to a National Union of Mineworkers (NUMSA) strike at its Rustenberg plant on Monday.

• United Services Technologies lost 0.75% despite reporting Q1 net income that rose 11.5% to R64.8 million, and revenue rose 29% to R7.9 billion.

• Banking and financial services gained on the strength of the Rand.

• Companies with a Rand hedge struggled back to life today after suffering most of the week due to the strength of the Rand over major currencies.

• South African Breweries (SA Breweries) gained 2.77% after confirming Thursday that it is in talks with Philip Morris of the US on acquiring the country's second largest brewer, Miller Brewing Company. Miller Brewing is valued at no less than US$ 5 billion. Merrill Lynch raised its price target on SA Breweries due to the news.

• Gold shares followed gold prices lower on Friday.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Sasol lost 1.96% as Brent crude oil prices eased in London.

• Zeltis Holdings gained 100% after reporting that for the 6 months ending December, its losses declined to only R307,000 as revenue rose to R5.73 million.

• Sage Group gained 1.32% after its Sage Life reported that for the Q1, new business rose 125.3%.

• Harmony Gold lost 2.18% after sweetening its acquisition offer for Australian gold miner, Hill 50, by 5 cents a share to A$1.45/share. Colonial First State is the only remaining major shareholder of Hill 50 still demanding more money for the company.

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MARKET SUMMARY FOR THURSDAY MARCH 28TH. 2002

JSE ALSI: 10948.7 = -30.3

RAND/US$:  11.345 = +0.04%

GOLD$/oz:   302.55 = +0.03%

MOST ACTIVE STOCKS & SECTORS

The JSE closed the short trading week lower on Thursday. Over the week, the All Share Index (ALSI) declined 86.7 points, the Rand gained against the Dollar, and Gold prices also gained over the week. Gainers included: Anglo American Platinum, AngloGold Ltd, Anglovaal Mining, Banard Jacob Mellet Holdings, Durban Roodepoort Deep, East Daggafontein Mines, Gold Fields Ltd, Harmony Gold, Idion Technology Holdings, Primedia Ltd, Putco Properties Ltd,  Rand Leases Properties Ltd, Truworths International, and Western Areas Gold Mining.

MAIN REASONS FOR ACTIVITY

• South Africa's Producer Price Index (PPI), a good measure of producer inflation, rose 1.9% in February to an over the year yield of 13.2%, well above the 12.1% economists were expecting.

• The Revenue Service reported that, South Africa's trade surplus had a stellar increase in February. South African Exports rose 10.01% to R4.3 billion, while Imports declined 7.8%.

• Banking shares closed lower as the PPI data ignited fears of an even drastic interest rate increase so as to avoid inflationary pressures.

• Bond yields rose on Thursday, while companies with a Rand hedge declined due to the strength of the Rand over major currencies this week.

• Anglo American Platinum gained 0.49% after the National Union of Mineworkers SA (NUMSA) stated on Thursday that it will honour a court order for it to end the illegal strike at the Rustenberg Base Metals Refinery (RBMR).

• Gold shares sizzled again as prices continue to rise. Most analysts are optimistic that Japanese buyers will continue their strong demand for the metal even as western markets close for the long weekend.

• The London Stock Exchange (LSE) closed higher on Thursday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• South Africa's largest domestic based brokerage house, Banard Jacob Mellet, gained 12.96% after making known that it rejected a R460 million in cash acquisition offer.

• Primedia gained 0.73% after reporting on Wednesday that its operating profit for the 6 months ending December was R79.17 million, on revenue of R850.68 million. Primedia's cash flow moved from a negative seen the year before, to a positive R71 million. As part of its attempts to shed loss making units, Primedia sold its 50% stake in Ster Century Europe for US$18.5 million.

• Idion Technology Holdings gained 5.88% after Canada's Datamirror formerly made a R73 million bid for it on Thursday.

• Bus operator Putco Properties gained 1.54% after reporting operating profit for the 6 months ending in December of R17.9 million, a 26% increase on year ago.

• Marlin Holdings shareholders on Tuesday narrowly approved the delisting of the company from the Johannesburg Stock Exchange.

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MARKET SUMMARY FOR FRIDAY MARCH 22ND. 2002

JSE ALSI: 11035.4 = -59.6

RAND/US$:  11.48 = -0.04%

GOLD$/oz:   297.60 = +0.50%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Over the week, the All Share Index (ALSI) declined 44.5 points, the Rand gained against the Dollar, and Gold prices also gained over the week. Gainers included: AngloGold Ltd, Anglovaal Industries, Anglovaal Mining, Dimension Data Holdings Ltd (Didata), Durban Roodepoort Deep, FirstRand, Gold Fields Ltd, Gold Reef Casino Resort Ltd, Harmony Gold, Investec Group, M-Cell Ltd, Nampak Ltd, Nedcor Ltd, Nedcor Investment Bank Holdings, Old Mutual Plc, Randgold & Exploration Company, SA Breweries Plc, Sage Group Plc, Sasol, South African Chrome & Alloys (Sachrome), South African Land & Exploration Company (Sallies), Standard Bank Investment Corp (Stanbic), and Western Areas Gold Mining.

MAIN REASONS FOR ACTIVITY

• Gold shares gained on strong gold prices. Platinum shares were however, weak.

• Gold Fields gained 6.47% after its CEO Ian Cockerill stated that the gold sector is getting ready for a serious rally.

• Banking and industrial shares were strong, due mostly to the strength of the Rand.

• Shares with hedges against the Rand were hit hard this weak as the Rand rallied most of the week against major currencies.

• Sasol gained 0.16% as crude oil prices sizzled all week.

• The London Stock Exchange (LSE) closed lower on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Materials handling giant Bell Equipment closed unchanged despite reporting on Thursday 2001 full year after tax profit that rose 21.6% to R98.9 million, as turnover rose 15.3% to R1.66 billion. Bell plans to gain more market share in North America.

• Harmony Gold gained 2.16% after increasing its bid for Hill 50 Gold of Australia by A$0.005/share to A$1.40/share and extending the bid till April 2nd.

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MARKET SUMMARY FOR FRIDAY MARCH 15TH. 2002

JSE ALSI: 11079.9 = +55.0

RAND/US$:  11.77 = -1.47%

GOLD$/oz:   290.55 = -0.24%

MOST ACTIVE STOCKS & SECTORS

The JSE closed higher on Friday. Over the week, the All Share Index (ALSI) declined 72.6 points, the Rand declined against the Dollar, while Gold prices gained over the week. Gainers included: Anglo American Platinum, AngloGold Ltd, Anglovaal Mining, Barloworld, Basil Read Holdings, Billiton Ltd, Bidvest, Boe, Dimension Data Holdings Ltd, FirstRand, Harmony Gold, Investec Group, Investec Holdings Ltd, Kumba Resources, Labat Africa Ltd, McCarthy, Northam Platinum, Old Mutual Plc, Richemont, SA Breweries Plc, Sage Group Plc, Sanlam, Sasol, Standard Bank Investment Corp (Stanbic), Tiger Brands Ltd, and Tradehold Ltd.

MAIN REASONS FOR ACTIVITY

• The Reserve Bank of South Africa Monetary Policy Committee (MPC) raised its Repo Rate by 100 basis points (1.0%) to 11.50%, and the Prime Rate to 15%.

• Boe gained 2.06% after global credit rating agency Fitch lowered its long term credit rating to A- after its unit, NBS, sold its home loan book.

• FirstRand gained 3.65% after its FNB HomeLoans unit acquired NBS's home loan book for R11.9 billion, payable in cash installments. The acquisition raises FirstRand's home loans share by 6% to 16%.

• Anglo American Platinum gained 1.36% after on Thursday concluding a 50% participation deal with empowerment group, African Rainbow Minerals (ARM), in the Maandagshoek mining project. As part of the deal, ARM will carry R295 million of the R805 million debt in the project.

• The Rand was hit hard as the Government of South Africa remained mute about the outcome in the Zimbabwean elections, which Western Countries (and major global investors) see as scandalous at best. Investors are worried instability in Zimbabwe will also affect South Africa.

• Sanlam gained 0.98% after its specialist investment banking subsidiary, Gensec Bank, reported Thursday that its full year operating income declined 20% to R191 million, as operating revenue rose 6% to R508 million.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• McCarthy gained gained 10.71% after global credit rating agency Fitch took it off its credit downgrade watch (without an upgrade either).

• South African Breweries gained 0.50% on news that it is considering a merger with Philip Morris owned Miller Brewery of the US to create the second largest brewer in the world.

• Anglovaal Mining and Kumba Resources gained 0.96% and 4.59% respectively after mining behemoth Anglo American acquired 34.9% and 9.6% of their shares respectively on Tuesday. Anglo American closed 1.47% lower on Friday.

• Old Mutual gained 2.10% on Friday after announcing that it will restructure revenue and profit sharing at its US based Pilgrim Baxter Mutual Fund. Under the new plan, all revenue counts in favour of Old Mutual, and profit sharing will follow the standard corporate wide pattern.

• Sasol gained 1.57% as tensions in the Middle East and a possible US attack on Iraq seem a matter of time. Also on Friday, OPEC voted to keep production steady.

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MARKET SUMMARY FOR FRIDAY MARCH 8TH. 2002

JSE ALSI: 11152.5 = +138.0

RAND/US$:  11.62 = -0.11%

GOLD$/oz:   289.20 = -0.12%

MOST ACTIVE STOCKS & SECTORS

The JSE closed higher on Friday. Over the week, the All Share Index (ALSI) gained 403.7 points, while the Rand declined against the Dollar, and Gold prices declined over the week. Gainers included: Anglo American Plc, Anglo American Platinum, AngloGold Ltd, Anglovaal Industries, Anglovaal Mining, Billiton Ltd, Bowler Metcalf Ltd (Bowcalf), Datatec, Didata, East Daggafontein Mines, Genbel, Gilboa Properties, Gold Reef Casino Resort, Impala Platinum Holdings, Imperial Holdings, Lonmin, Lyons Financial Solutions Holdings, M-Cell Communications, Nampak Ltd, Nedbank Group, Nedcor Ltd, Network Health Holdings, Northam Platinum, Prism Holdings, Rand Leases Properties, Richemont, Sable Holdings, SA Breweries Plc, Sage Group Plc, Sanlam, Sasol, Tongaat-Hulett Group, and Tradehold Ltd.

MAIN REASONS FOR ACTIVITY

• Gold Reef Casino Resort gained 4.55% after Casinos Austria acquired 17% of it.

• Call warrants of non-mining shares gained, while bond prices declined.

• Sanlam gained 0.60% after reporting full year earnings that rose to R4 billion, due to the 21% increase in new business earnings to R290 million. Sanlam raised its dividend by 5¢ to 35¢.

• Clothing company Busby warned about its fiscal Q3 results.

• Financial services company Mettle, which recently decided not to delist from JSE, announced that it bought back a substantial portion of its shares.

• Rand Leases Properties gained 0.74% after reporting that its second half operation profit rose R10.6 million to R19.7 million, while revenue rose R54.9 million to R72.1 million over the year. Net interest expenses rose R9.9 million to R12.8 million.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Companies with Rand hedges (dual traded companies) and gold mining shares closed higher due to the weak Rand.

• Advtech Education Holdings lost 13.04% after reporting on Thursday full year 2001 loss of R317,000 - due mostly to the poor performance of its staffing unit. Advtech lost R9.4 million in restructuring and assets write down, and R10.2 million in legal costs against its vendors.

• Imperial Holdings gained 0.10% after announcing Thursday that it spent R370.7 million to buyback 3.4%, or 7.3 million of its shares.

• Absa lost 1.1% after warning about its full year reports on Wednesday. Banking shares were weak on Friday.

• Unifer lost 92.3% today, its third day of trading since the January 15th. suspension.

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MARKET SUMMARY FOR FRIDAY MARCH 1ST. 2002

JSE ALSI: 10748.8 = -66.0

RAND/US$:  11.33 = -0.23%

GOLD$/oz:   296.00 = -0.25%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Over the week, the All Share Index (ALSI) gained 133.0 points, as the Rand gained against the Dollar, and so did Gold prices, over the week. Gainers included: ABSA, Basil Read Holdings, Barnato Exploration, Bidvest Group, Boe Ltd, Bowler Metcalf Ltd (Bowcalf), Cadiz Holdings, Didata, East Daggafontein Mines, Firstrand, Genbel, Gilboa Properties, Glenrand MIB, Investec, Iscor, Laser Group, Lonmin Plc, Nampak Ltd, Nedbank, Nedcor Ltd, Prism Holdings, Rand Leases Properties, Sage Group, Sanlam, Sasol, Spur Corp, Stanbic, Sun International, Truworths International, and Wooltru.

MAIN REASONS FOR ACTIVITY

• The Reserve Bank of South Africa reported on Thursday that the nation's consumer price index, CPIX, rose to 7.1% in January, while Core CPIX rose to 3.4%.

• January M3 money supply, a broader measure of money supply, rose in January.

• Shares closed lower on fears that the rising CPIX and M3 will cause the Reserve Board to raise interest rates at their next meeting on March 13th.

• Banking shares rebounded on Friday.

• Mining shares were pulled down as the Rand continues to do better, and as interest rate hikes seem inevitable. The decline in gold and platinum prices didn't help either.

• Women Investment Portfolio Holdings (Wiphold), closed unchanged after its founder, Nomhle Canca, resigned on Thursday.

• Spur Corporation gained 1.21% after reporting second half earnings that rose 18% to R19.2 million, as turnover rose 11% to R71.8 million.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Imperial Holdings lost 1.04% after reporting Thursday that its second half operating profit rose 19% to R1.04 billion, as turnover rose 27% to R13.65 billion.

• Anglovaal Mining (Avmin) lost 1.50% after reporting a second half loss of R1.1 billion, due primarily to a R1.5 billion write down on its Zambian mine, Chambishi.

• Old Mutual announced the closing of its online unit trust operation, FundsNet, after customers made clear they prefer dealing with people first to first.

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MARKET SUMMARY FOR FRIDAY FEBRUARY 22ND. 2002

JSE ALSI: 10615.8 = +71.0

RAND/US$:  11.44 = -0.15%

GOLD$/oz:   292.70 = -0.40%

MOST ACTIVE STOCKS & SECTORS

The JSE closed higher on Friday. Over the week, the All Share Index (ALSI) declined 417.7 points, as the Rand declined against the Dollar, and Gold prices eased for the week. Gainers included: Anglo American, AngloGold, AngloPlat, Beige, BOE, Brandco, Bowcalf, BTG, East Daggafontein, Edcon, Elerine, Gencor, Gilboa, Glenmib, Gold Fields Ltd, Grindrod, Group 5, Harmony Gold, Impala Platinum (Implat), Liberty, M-Cell Communications, Metcash, Northam Platinum, SA Breweries, SA Eagle, SAIL, Sappi, Sasfin, Sasol, Seardel, Tigon, Tongaat, Tradehold, Truworths, W Areas, WB Hold, Winhold, and Wooltru.

MAIN REASONS FOR ACTIVITY

• Platinum related shares closed higher.

• Massmart closed unchanged after reporting 6 months ended December earnings that rose 41%.

• Clothing maker Seardel gained 0.40% after reporting second half income that rose 134.8% to R35.1 million, thanks to its acquisition of Frame.

• African Rainbow Minerals (ARM) reported fiscal Q4 income that rose 113% to R161 million, as revenue rose 25% to R363.3 million.

• Grindrod gained 1.15% after announcing that its profits should rise 33% for the year, thanks to its 5.1 million share repurchase. Grindrod expects an even stronger 2002.

• Hudaco closed unchanged after announcing on Thursday that it is acquiring power transmission company, Eberhard Bauer Geared Motors.

• Harmony Gold gained 7.77% after raising its takeover offer from Australian Gold Miner, Hill 50.

• Cadiz closed unchanged after reporting on Thursday that for 2001, its income rose 10.8% to R59.4 million, on revenue of R147.5 million.

• The London Stock Exchange (LSE) closed lower on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Banking and technology shares weren't hot today.

• Group 5 gained 4.71% after reporting that for 6 months ended December, it saw a R31 million loss on revenue of R2 billion.

• Eskom on Friday won a landmark court case against the National Union of Metalworkers in South Africa (NUMSA) concerning discipline issues with union workers.

• Stanbic lost 0.71% after paying US$19.5 million for an 80% stake in Uganda's largest commercial bank, Uganda Commercial Bank (UCB). The government of Uganda owns the remaining 20% in the 66 branch bank.

• Apexhi Properties closed unchanged after announcing that it has acquired 74 properties for R496.4 million.

• Gold Fields gained 7.47% after its CEO stated that Gold is resilient and can withstand the German Government's plan to sell some of its gold. Gold shares did pretty well today.

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<---D012--->MARKET SUMMARY FOR FRIDAY FEBRUARY 15TH. 2002

JSE ALSI: 11033.5 = -69.0

RAND/US$:  11.43 = -0.93%

GOLD$/oz:   300.45 = +0.17%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Over the week, the All Share Index (ALSI) gained 374.7 points, as the Rand gained against the Dollar, while Gold prices eased for the week. Gainers included: AngloGold, East Daggafontein, Elerine, Elexir Technology Holdings, FirstRand, Glovil, Gold Fields Ltd, Group 5, Liberty, Lyons, Mr. Price Group, Prism, Nedcor, Onelogix, Tongaat, Tradehold, Vestacor Ltd, and W Areas.

MAIN REASONS FOR ACTIVITY

• Gold mining call warrants were hot as gold prices (and shares) sizzled this week.

• Sasol closed lower despite a rise in crude oil prices to close above the $21/barrel mark.

• The JSE Securities Exchange ruled that it found no insider trading violations in the bankrupt bank holding company, Saambou. Banking shares closed lower as the Saambou debacle continues to haunt the sector.

• Cashbuild lost 0.75% after reporting on Wednesday that its revenue from the last 6 months declined 1% to R539.8 million, while its after tax profit tripled to R9.7 million. Cashbuild announced that its number of stores rose to 101 in the period, and it expects to build 10 new stores a year in Southern Africa.

• Payment systems company Prism gained 2.50% after reporting on Thursday that its interim operating losses totaled R29.8 million. Prism announced that it is writing down the R59.4 million it paid for PayShop.

• The London Stock Exchange (LSE) closed lower on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Billiton Ltd. lost 4.34% after parent BHP Billiton reported first half net income of $1.2 billion, thanks to the weak Rand that helped its Aluminum smelters and coal mines in South Africa to boost its earnings.

• Onelogix closed 71.05% higher after reporting that for 6 months ending November, its profits declined 70% to R2.17 million, but its EBITDA rose 31% to R8.2 million.

• Tradehold, which owns 69% of UK traded Brown & Jackson, gained 2.17% after Brown & Jackson reported pretax profit of £10.9 million, only half of what was seen last year, while turnover rose 6.2% to £262.5 million.

• Mr. Price gained 0.47% after announcing that it expects a record turnover of R2.9 billion for the year.

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MARKET SUMMARY FOR FRIDAY FEBRUARY 8TH. 2002

JSE ALSI: 10658.8 = +34.0

RAND/US$:  11.44 = -0.21%

GOLD$/oz:   305.45 = +1.31%

MOST ACTIVE STOCKS & SECTORS

The JSE closed higher on Friday. Over the week, the All Share Index (ALSI) gained 123.8 points, as the Rand gained against the Dollar, and Gold prices gained for the week. Gainers included: ABSA, Anglo American, AngloGold, Didata, Autoquip Ltd, Barnex, Basil Read, FirstRand, Gold Fields Ltd, Harmony Gold, Iscor Ltd, Hiveld, HLH, Impala Platinum, Labat, Laser, Lonmin Ltd, Mvelaphanda Resources, Medi-Clinic Corp, Messina Ltd, Mvelaphanda Resources, NAC, Nedcor Ltd, Northam Platinum, Paracon Holdings, RandGold Ltd, Saambou Ltd, SA Eagle, Sage, Simmer & Jack Mines Ltd, Stanbic Ltd, W Areas, and Woolies.

MAIN REASONS FOR ACTIVITY

• Gold mining call warrants were hot as gold prices (and shares) sizzled this week.

• Iscor gained 1.07% after the steel giant reported interim profits that rose to R107 million, as revenue rose 23% to R6.44 billion.

• RandGold gained 2.38% after reporting that its 2001 operating profit rose to $46 million, as output came in at 252,000 ounces. Cash costs were $102.5/ounce. RandGold also announced that its Morile Gold Mine, which it jointly owns with AngloGold, should produce steadily in 2002, and with cash costs of below $100/ounce.

• Saambou gained 37% after the Reserve Bank of South Africa accepted its bad loans provisions of 15%.

• Platinum shares gained as Platinum prices closed the week at $471/ounce.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• The Rand closed lower as importers took profits due to the recent rally.

• Banking shares did very well on Friday.

• Mvelaphanda Resources gained after going into a joint venture with De Beers to explore for more Diamonds in South Africa.

• ApexHi Properties lost 0.16% despite reporting second half 2001 earnings that rose 350% to R88.6 million yesterday.

• Autoquip gained 1.05% after reporting second half revenue that rose 21% to R89.29 million, and operating profit that rose 9.6% to R1.04 million.

• United Alliance Media (UAM) closed unchanged after the management of its subsidiary, The Concept Group, met with the liquidators about acquiring the subsidiary.

• Nampak lost 0.46% after announcing that it is paying Crown Cork & Seal R275 million to acquire the remaining 15% of their joint venture, Crown Nampak. Nampak also paid $25 million to acquire Crown Cork operations in Ethiopia, Kenya, Nigeria, Tanzania, Zambia, and Zimbabwe. Nampak expects the African acquisitions to increase its income.

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