<---D030--->

MARKET SUMMARY FOR FRIDAY JULY 19TH. 2002

FTSE/JSE Africa ALSI: 10219.7 = -138.9

RAND/US$:  9.94

GOLD$/oz:   322.85

MOST ACTIVE STOCKS & SECTORS

The FTSE/JSE closed lower on Friday, as US markets sustained heavy losses on Friday. Over the week, the Africa ALSI gained 58.27 points, the Rand declined slightly against the US Dollar, while Gold prices gained for the week. Gainers included: Advtech Educational Holdings Ltd, African Gem Resources Ltd, African Life Assurance, African Oxygen Ltd, African Rainbow Minerals Gold Mining Ltd, Afrikander Lease Ltd, Anglogold Ltd, Anglovaal Gold Mining Ltd, Apexhi Properties Ltd, Appleton Ltd, Astral Foods Ltd, Avis Holdings Ltd, Brimstone Investments Group Ltd, Capital Alliance Holdings Ltd, Casey Investments Ltd, Coronet Capital Ltd, CorpCapital Ltd, Decillion Ltd, Dectronic Ltd, Distell Group Ltd, Durban Roodepoort Deep, Gold Fields Ltd, Gold Reef Casino Resort Ltd, Harmony Gold Mining Ltd, Homechoice Ltd, Hudaco Industries Ltd, JD Group Ltd, JCI Ltd, Kairos Industrial Holdings Ltd, Kolosus Holdings Ltd, Malbak Ltd, MB Technologies Ltd, MIH Holdings Ltd, Mvelaphanda Resources Ltd, Naspers Ltd, Octodec Investments Ltd, Paracon Holdings Ltd, Petra Granite Ltd, Phumelela Gaming & Leisure Ltd, Pick'n'Pay Stores Ltd, Randgold & Exploration Ltd, Redefine Income Fund Ltd, SA Breweries Plc, Shops for Africa Ltd, South African Chrome & Alloys Ltd. (Sachrome), South African Iron & Steel Corp. Ltd. (ISCOR), Stella Vista Technologies Ltd, Vesta Technology Holdings Ltd, Western Areas Ltd, and Wetherly's Investments Holdings Ltd, .

MAIN REASONS FOR ACTIVITY

• Gold prices gained on the weak US Dollar.

• Gold mining shares gained as investors sought safer havens after US Dow Index lost more than 300 points on Friday. Platinum shares closed lower.

• Sasol lost 3.16% as Brent crude prices declined on Friday.

• Insurers didn't do too bad for the week after niche insurer, Professional Provident Society (PPS) announced on Thursday that for the fiscal year ended December, its operating profits rose 27.3% to R307 million, as net assets rose 16.1% to R4.2 billion.

• Lyons Financial Solutions closed unchanged after reporting Thursday full year headline earnings that rose 15% to 3.44 cents a share, on EBITDA that rose 17.4% to R18.2 million, while revenue came in at R350 million. Lyons' assets under management rose 44% to R6.35 billion.

• 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.

• M-Cell Ltd, lost 4.35% after announcing Wednesday that it will some of its South African network infrastructure so as to cut down debts on its lucrative MTN Nigeria unit.

• Nedcor lost 1.11% after announcing a job freeze on Wednesday as it tries to eliminate duplicate jobs due to its recent acquisition of BoE.

• MB Technologies gained 0.76% after an investment consortium offered to acquire the remaining 46.65% of the IT company it doesn't already own at R1.40/share.

• JCI gained 9.09% after announcing on Thursday that it will reduce its 44% stake in Western Areas to 36%, and use the proceeds to pay down debts. Western Areas, which owns the largest gold deposit in the world at South Deep, gained 8.29%.

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<---D029--->

MARKET SUMMARY FOR FRIDAY JULY 12TH. 2002

FTSE/JSE Africa ALSI: 10161.4 = -60.8

RAND/US$:  9.95

GOLD$/oz:   316.25

MOST ACTIVE STOCKS & SECTORS

The FTSE/JSE closed lower on Friday, after another US corporate accounting scandals week. Over the week, the Africa ALSI lost 376.86 points, the Rand gained against the US Dollar, and Gold prices also gained for the week. Gainers included: African Gem Resources Ltd, Africa Glass Industries Ltd, African Harvest Ltd, African Media Entertainment, African Oxygen Ltd, African Rainbow Minerals Gold Mining Ltd, Alexander Forbes Ltd, Anglo American Platinum Ltd, Anglovaal Mining Ltd, Astral Foods Ltd, Aveng Ltd, Barplats Investments Ltd, Bell Equipment Company Ltd, Ceramic Industries Ltd, The Don Group Ltd, Firstrand Ltd, Gold Reef Casino Resort Ltd, Group Five Ltd, Impala Platinum Ltd, Imperial Holdings Ltd, Investec Group Ltd, Investec Holdings Ltd, JCI Ltd, M-Cell Ltd, Mercantile Lisbon Bank Holdings, Nedcor Ltd, Northam Platinum Ltd, Petra Granite Ltd, Prism Holdings Ltd, Richemont, Sanlam Ltd, Sappi Ltd, South African Chrome & Alloys Ltd. (Sachrome), South African Iron & Steel Corp. Ltd. (ISCOR), Standard Bank Investments Co. (Stanbic), Steinhoff International Ltd, Super Group Ltd, Tongaat-Hulett Group Ltd, Vesta Technology Holdings Ltd, and Wooltru Ltd

MAIN REASONS FOR ACTIVITY

• Banking shares didn't do bad despite credit rating agency, Fitch's report that the sector is facing liquidity risks due to its mismatching of assets and liquidity maturity. Investec however, found the sector to be oversold.

• Platinum shares also rallied, and were strong most of the week. Anglo American Platinum, also on Wednesday reached a settlement deal with the South African government so as to end their mining rights legal battle.

• Randgold Resources closed lower despite raising US$32.5 million after floating its shares on the NASDAQ on Thursday. Randgold hopes to use the proceeds to expand.

• Anglo American lost 2.81% after announcing on Thursday that its Anglo Base Metals unit sold its 50% stake in the Kolwezi Cobalt-Copper Tailings project in the Democratic Republic of Congo to its Canadian partner for US$3.5 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.

• South African Breweries, now known as SABMiller, lost 2.67% on Friday, but had a very busy week. During the week, the company completed the acquisition of Miller Brewery; announced the floatation of 120 million shares on the London Stock Exchange, and then canceled the idea the following day due to the poor market conditions. On Friday, the company gave its CEO R19 million worth of shares as an incentive to stay on during the difficult Miller assimilation period.

• Aveng lost 0.13% after announcing on Thursday that it has successfully placed R100 million of its planned R750 million Commercial Paper.

• Furniture maker, Steinhoff International, gained 2.94% after announcing that it paid A$14.4 million to increase its stake in Australian Furniture and home products retailer, Freedom Group, to 19.9%.

• Super Group gained 3.70% after announcing on Thursday that its just opened Extreme Sixteen 4X4 vehicles retailer has sold 100 vehicles in July already, and is in line to sell about 300 for the month, well better than expected.

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<---D028--->

MARKET SUMMARY FOR FRIDAY JULY 5TH. 2002

FTSE/JSE Africa ALSI: 10538.3 = +133.1

RAND/US$:  10.10

GOLD$/oz:   311.75

MOST ACTIVE STOCKS & SECTORS

The FTSE/JSE closed higher on Friday. Over the week, the Africa ALSI lost 119.39 points, the Rand gained against the US Dollar, while Gold prices declined for the week. Gainers included: Absa Ltd, African Bank Investments Ltd. (ABIL), African Oxygen Ltd, Afrikander Lease Ltd, Anglo American Plc, Anglo American Platinum Ltd, Anglovaal Gold Ltd, Anglovaal Mining Ltd, Argent Ltd, Astral Foods Ltd, Barnex Ltd, Barworld Ltd, BHP Billiton Plc, Capitec Ltd, Cashbuild Ltd, Delta Ltd, Firstrand Ltd, Foschini Ltd, Frontrange Ltd, Genbel Ltd, Group Five Ltd, Homechoice Ltd, Illovo Sugar Ltd, Impala Platinum Ltd, Imperial Holdings Ltd, Liberty Ltd, Lonmin Plc, Malbak Ltd, Massmart Holdings Ltd, Metcash Ltd, MIM Holdings Ltd, Mvelaphanda Resources Ltd, Nampak Ltd, Nando's Group Holdings Ltd, Naspers Ltd, Nedcor Ltd, Old Mutual Plc, Omnia Holdings Ltd, Petra Granite Ltd, Richemont, Santam Ltd, Sappi Ltd, Sasol Ltd, South African Eagle Insurance, Tradehold Ltd, and Zarara Energy Ltd

MAIN REASONS FOR ACTIVITY

• Banking shares gained as the Rand rose against the US Dollar.

• Massmart Holdings gained 2.22% after reporting full year sales that rose 44% to R16.6 billion.

• Nedcor gained 4.14% after acquiring BoE for R7.4 billion in the middle of the week.

• Platinum shares gained as the metal's prices recovered on Friday.

• Distell closed unchanged after selling its Lanzerac trademark to Cape businessman, Christo Weise.

• The London Stock Exchange (LSE) closed higher on Friday, after closing at new 9 month lows all week due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Empowerment group, Mvelaphanda Resources, gained 2.70% after announcing that it bought a 25% stake in Unitrans Express Deliveries (UED).

• BHP Billiton gained after announcing that its institutional share allocation for its BHP Steel unit is oversubscribed. BHP Billiton's debt was also hot this week.

• Tradehold gained 3.33% after announcing that it is reducing its stake in UK retailer, Brown & Jackson, from 68% to 55%.

• The markets closed higher on Friday due mostly to the rebound on Wall Street and London.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

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<---D027--->

MARKET SUMMARY FOR FRIDAY JUNE 28TH. 2002

FTSE/JSE Africa ALSI: 10657.7 = +108.5

RAND/US$:  10.34

GOLD$/oz:   320.45

MOST ACTIVE STOCKS & SECTORS

The FTSE/JSE closed higher on Friday, the first trading week of the new Index. Over the week, the Africa ALSI lost 157.40 points, the Rand declined against the US Dollar, and Gold prices also declined for the week. Gainers included: African Bank Investments Ltd. (ABIL), African Gem Resources Ltd, Alex Forbes Ltd, Anglo American Plc, Anglovaal Industries Ltd, Command Holdings Ltd, Crookes Brothers Ltd, Dimension Data Holdings Ltd, Impala Platinum Ltd, Jasco Electronics Holdings Ltd, Kershaf Investments Ltd, Kolosus Holdings Ltd, Lonmin Plc, Old Mutual Plc, Rand Mines Properties Ltd, Randgold & Exploration Company Ltd, Richemont, SA Breweries Plc, Sanlam Ltd, Sasol Ltd, South African Chrome & Alloys Ltd, South African Iron & Steel Corporation Ltd, South African Land & Exploration Company Ltd, Super Group Ltd, Tongaat-Hulett Group Ltd, and Yabeng Investments Holdings Co. Ltd

MAIN REASONS FOR ACTIVITY

• WEEKEND NEWS: US giant copier company, Xerox, announced Friday that it is to restate 5 years of financial results and reclassify $6.4 billion in revenues due to poor accounting practices.

• South Africa's Trade Surplus rose to a better-than-expected R5.06 billion in May.

• Banking shares closed lower for the week on concerns about their exposure to US based Worldcom Group's huge debt. Worldcom announced in the week that about US$3.8 billion of its money is unaccounted for.

• Gold prices and shares took a hit after the Central Banks of Japan and Europe intervened to prop the dollar higher.

• Sasol gained 4.02% after announcing the opening of a Catalyst plant in the Netherlands on Thursday.

• Anglo American gained 3.11% after announcing that it is increasing its stake in Gold Fields Ltd, South Africa's second largest gold miner, to 20% - a 3.9% increase. Anglo American already owns 51.5% of Anglogold. Dresdner Kleinwort Wasserstein upgraded Anglo American to an "add". Anglogold and Gold Fields all closed lower.

• The London Stock Exchange (LSE) closed higher on Friday, after closing at new 9 month lows all week due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Lonmin, South Africa's third largest Platinum miner, gained 2.67% after putting up $75 million for Ashanti Goldfields of Ghana, so as to protect its 32% stake in the troubled Ashanti.

• Swiss luxury goods company, Richemont, gained 3.4% after UBS Warburg upgraded it to a "hold".

• BHP Billiton lost 0.37% on Friday after its shareholders approved Wednesday the spinoff of its Steel unit, BHP Steel. BHP Steel is valued at over $1.3 billion.

• Absa closed lower despite news from its small loans unit, Unifer, that its turnaround is underway, and for it to continue, it will take hard work and time.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

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<---D026--->

MARKET SUMMARY FOR FRIDAY JUNE 21ST. 2002

JSE ALSI: 10815.1 = -57.0

RAND/US$:  10.26

GOLD$/oz:   324.60

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Over the week, the ALSI lost 195.42 points, the Rand gained against the US Dollar, and Gold prices rose. Gainers included: African Bank Investments Ltd. (ABIL), African Gem Resources Ltd, African Harvest Ltd, African Life Assurance Co. Ltd, African Oxygen Ltd, African Rainbow Minerals Gold (ARMgold), Afrikander Lease Ltd, Alex Forbes Ltd, AMB Private Rquity Partners, Anglo American Plc, Anglovaal Industries Ltd, Arcay Group Ltd, Barplats Investments Ltd, Cadiz Holdings Ltd, Capital Alliance Holdings Ltd, Control Instruments Group Ltd, Crookes Brothers Ltd, Decillion Ltd, Durban Roodepoort Deep, Ellerine Holdings Ltd, Gencor Ltd, Gold Fields Ltd, Grindrod Ltd, Harmony Gold Mining Ltd, HCI Ltd, Impala Platinum Ltd, Infowave Holdings Ltd, Jasco Electronics Holdings Ltd, Kolosus Holdings Ltd, Lonmin Plc, MoneyWeb Ltd, Mvelaphanda Resources Ltd, Old Mutual Plc, Petra Granite Ltd, Rex Trueform Clothing Company, SA Breweries Plc, Santam Ltd, Sasfin Holdings Ltd, Sasol Ltd, Sekunjalo Investments Ltd, South African Chrome & Alloys Ltd, South African Iron & Steel Corporation Ltd, Spearhead Property Holdings Ltd, Thabex Exploration Ltd, Tigon Ltd, Western Areas Mining, Women Investments Portfolio Holdings Ltd. (WIPHOLD), and Yabeng Investments Holdings Co. Ltd

MAIN REASONS FOR ACTIVITY

• Investec closed lower after announcing on Thursday that it will move its primary listings to the London Stock Exchange (LSE) and trade under the name, Investec Plc.

• Gold shares closed higher as terrorism fears and poor corporate and economic conditions in the major global markets continue to prompt investors to seek safer havens.

• The market closed weak as traders look forward to the introduction of the new Indexing system next week. Under the new system, shares like Anglo American, BHP Billiton and Swiss based Richemont will carry greater weight in the index, while shares like Anglo American Platinum, Anglogold Ltd, and Impala Platinum will carry lesser weight than they do now.

• Remgro lost 1.29% on Friday, even though the industrial group reported on Wednesday that its full year earnings rose 33.9%.

• PSG Investment Bank Holdings closed unchanged on Friday after going ex-dividend on Thursday.

• Johnnic Communications closed lower despite reporting Thursday that its full year earnings before tax, depreciation and amortization (EBITDA) rose 99% to R191.6 million, while revenue rose 19% to R3.032 billion. Johnnic's headline earnings rose a whopping 1,900% to 140¢/share.

• The London Stock Exchange (LSE) closed higher on Friday, after closing at new 9 month lows all week due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Petra Granite gained 1.86% on Friday after announcing on Wednesday that it is in talks that might impact its shares.

• Comparex Holdings lost 3.51% after its institutional shareholders suggested the replacement of 6 directors. On Friday, talk was about the shareholders taking over the company altogether.

• Anglo American enjoyed some positive publicity as analysts speculated that the mining giant might bid for Australia's  MIM Holdings so as to increase its Australian coal output.

• Primedia lost 2.08% after UK based Active Value, which owns 34.9% of the company, requested on Thursday an external review of CEO, William Kirsh, and Active Value requested that the media company clean up its board.

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<---D025--->

MARKET SUMMARY FOR FRIDAY JUNE 14TH. 2002

JSE ALSI: 11010.5 = +73.6

RAND/US$:  10.48  =  -1.92%

GOLD$/oz:   320.35  =  +0.69%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Over the week, the ALSI lost 71.48 points, the Rand declined against the US Dollar, and Gold prices declined. Gainers included: Advtech Education Holdings Ltd, African Harvest Ltd, African Oxygen Ltd, African Rainbow Minerals Gold (ARMgold), Afrikander Lease Ltd, Anglogold Ltd, Anglovaal Gold Mining Ltd, Capitec Bank Holdings Ltd, Datatec Ltd, Durban Roodepoort Deep, Frontrange Ltd, Gold Fields Ltd, Grindrod Ltd, Harmony Gold Mining Ltd, Malbak Ltd, Medi Clinic Corp. Ltd, Nampak Ltd, Nedcor Ltd, New Africa Investments Ltd, Petra Granite Ltd, Sappi Ltd, Sasol Ltd, South African Chrome & Alloys Ltd, Standard Bank Investment Corp. (Stanbic), Standard Bank Property Fund Ltd, Western Areas Mining, and Woolworths Holdings Ltd

MAIN REASONS FOR ACTIVITY

• The South African Reserve Bank on Thursday raised its Repo (Interest) Rates by 100 basis points (1.0%) to 12.50% so as avoid the mounting inflationary pressures building in the economy.

• Gold shares and bullion prices closed higher on terrorism fears after a bomb exploded outside the US Consulate in Karachi, Pakistan.

• Companies with a Rand Hedge (dual exchange listed companies) were lower today, due mostly to the action taken by the South African Reserve Bank on Thursday.

• Financial services shares were some of the weakest due also to the Interest Rate hike on Thursday.

• Woolworths gained 0.46% after its CEO Simon Sussman, stated on Thursday that the company is poised to report higher than anticipated full year earnings.

• Platinum miners closed lower despite a rise in Platinum prices on Friday.

• Sasol gained after crude oil futures rose overnight on the New York Mercantile Exchange (NYMEX).

• Chemical Services closed unchanged despite announcing that it is paying R140 million to acquire the Alkylate and mining chemicals unit of Sentrachem, a subsidiary of Dow Chemical.

• The London Stock Exchange (LSE) closed lower on Friday to a new 9 month low due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Grindrod gained 1.89% after the freight and logistics company announced that it is setting up a company called Unifeeder in partnership with Safmarine Container Lines so as to handle logistics and shipping needs in Southern and Eastern Africa.

• Massmart Holdings lost 0.40% after announcing on Thursday its earnings will be affected as much as 6.3¢/share for paying the R18 million to the South African Revenue Service on behalf of some of its vendors who underpaid their VAT.

• Sanlam lost 2.71% despite an announcement from its Sanlam Investment Management (SIM) unit that its 2-year restructuring efforts are paying off both at home and at its operations around the world.

• M-Cell, the mobile phone company which is struggling under debt, lost 0.78% after naming Johnnic Communications chairman, Cyril Ramophosa, to its board. Johnnic closed unchanged.

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<---D024--->

MARKET SUMMARY FOR FRIDAY JUNE 7TH. 2002

JSE ALSI: 11082.0 = -72.9

RAND/US$:  9.85  =  -0.60%

GOLD$/oz:   325.55  =  +0.05%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Gainers included: Advtech Education Holdings Ltd, AECI Ltd, African Gem, African Glass, African Media Entertainment, African Rainbow Minerals Gold (ARMgold), Afrikander Lease Ltd, Anglo American Platinum, Anglovaal Gold Mining Ltd, Appleton Ltd, Aqua Online Holdings Ltd, Astral Foods Ltd, AVI Holdings Ltd, Barworld, Beige Holdings Ltd, Bridgestone Firestone Maxiprest Ltd, Capitec Bank Holdings Ltd, Computer Services (CS) Holdings Ltd, Cullinan Holdings, Digicore Holdings Ltd, DNA Supply Chain, The Don Group Ltd, Durban Roodepoort Deep, ELB Group Ltd, EOH Ltd, Excellerate Holdings Ltd, Frontrange Ltd, Genbel Ltd, Gold Reef Casino Resort Ltd, Heritage Collection Holdings Ltd, Hunt Leuchers Holdings Ltd, Illovo Sugar Ltd, Impala Platinum, Imperial Holdings Ltd, King Consolidated Holdings, M Cubed Holdings, Medi-Clinic Corp, Mvelaphanda Resources Ltd, Nampak Ltd, New Africa Capital Ltd, Ninian & Lester Holdings Ltd, Ozz Ltd, Palabora Mining Co. Ltd, Peregrine Holdings Ltd, Petra Granite Ltd, Rebserve Holdings Ltd, Redefine Income Funds Ltd, Rex Trueform Clothing Company, Sanlam Ltd, Sappi Ltd, Sasol Ltd, Spearhead Property Holdings Ltd, and Truworths International Ltd.

MAIN REASONS FOR ACTIVITY

• Banking and financial services shares closed lower.

• Technology shares like Dimension Data were hit hard by the revenue warning from Intel.

• Sanlam gained 1.01% despite warning on Thursday that its first half profit growth will be below estimates.

• Luxury goods company Richemont closed lower after reporting full year operating profits Thursday that declined 32% to R4.5 billion. The Swiss based company also announced a 2-year cost cutting plan.

• Ozz gained 2.50% after reporting Thursday full year operating income of R81.5 million, an increase of 50%, as turnover rose 18% to R553 million. The consumer goods maker announced a yearly dividend of R2.735, a 204% increase from year ago.

• Mvelaphanda Resources gained 0.48% after Canada based SouthernEra Resources selected it as its empowerment partner. SouthernEra operates Platinum and Diamond mines in South Africa.

• 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.

• Packaging firm Malbak lost 3.56% on Friday despite reporting on Thursday full year earnings that rose 49%, even though the industry has some serious overcapacity problems.

• Sappi gained 0.35% after raising US$750 million in a bond issue through its European subsidiary on Thursday.

• Boe lost 0.57% as it encouraged its shareholders to accept the R7.5 billion takeover bid from Nedcor. Nedcor closed 1.75% lower, and Old Mutual, which owns 53% of Nedcor, also closed lower.

• Gold mining shares closed lower despite an increase in bullion prices, pushed higher by tensions between India and Pakistan. Platinum shares were not too bad for the day.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

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<---D023--->

MARKET SUMMARY FOR FRIDAY MAY 17TH. 2002

JSE ALSI: 11418.8 = -77.1

RAND/US$:  9.98  =  -1.36%

GOLD$/oz:   310.30  =  +0.69%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Gainers included: Admiral Leisure World, African Harvest Ltd, African Media Entertainment, African Rainbow Minerals Gold (ARMgold), Anglogold Ltd, Anglovaal Mining Ltd, Avis Holdings, Cargo Carriers Ltd, City Lodge Holdings, Deawoo Electronics SA, Dimension Data Ltd, Edgars Consolidated Stores, ELB Group Ltd, Foschini, Gold Fields Ltd, Harmony Gold Mining, Illovo Sugar Ltd, Investec Group Ltd, Investec Holdings Ltd, M-Cell Ltd, Metair Investments, Mr. Price Ltd, Nampak Ltd, Ozz Ltd, SA Breweries Plc, Sappi Ltd, Seardel Investments, Shoprite Holdings, Tourism Investments Corp, Truworths International Ltd, and Woolworths Ltd.

MAIN REASONS FOR ACTIVITY

• Banking shares closed lower as the Rand broke below the R10.00/US$ mark.

• Dimension Data gained 2.04% after reporting first half results during the week that were above estimates. Dimension Data's Asian unit, Datacraft, warned about a full year loss.

• FirstRand lost 1.07% after paying a nominal R1 to acquire Saambou.

• Platinum and resources shares closed lower, while industrials gained.

• Nampak gained 1.07% after reporting a first half operating profit that rose 27.5% to R523 million on revenue that rose 17.7% to R6 billion.

• Empowerment gold miner African Rainbow Minerals debuted on Thursday with strong gains.

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

• Old Mutual closed 1.89% lower after giving a mixed trading statement for the first 4 months of this year.

• Edgars Consolidated Stores gained 6.90% after reporting full year earnings on Thursday that rose 42%.

• Anglogold and Gold Fields gained 0.71% and 1.04% respectively on global rumours that Anglogold is teaming up with Canada's Barrick Gold to bid for Gold Fields.

• Beige Holdings lost 10% after reporting that its profit for the year ending in February was R2.8 million, well better than the loss seen last year.

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<---D022--->

MARKET SUMMARY FOR FRIDAY MAY 3RD. 2002

JSE ALSI: 11145.8 = +101.1

RAND/US$:  10.41  =  -1.31%

GOLD$/oz:   310.75  =  +0.94%

MOST ACTIVE STOCKS & SECTORS

The JSE closed higher on Friday. Over the week, the ALSI declined 13.8 points, gold prices gained, and the Rand gained against the US Dollar. Gainers included: African Bank Investments Ltd (ABIL), African Harvest, African Life Assurance Co, African Oxygen Ltd, Anglo American Plc, Anglogold Ltd, Anglovaal Industries, Anglovaal Mining Ltd, Basil Read Holdings, BHP Billiton Plc, Boe Ltd, Durban Roodepoort Deep, Ellerine Holdings Ltd, FirstRand Ltd, Gold Fields Ltd, Harmony Gold Mining, Hunt Leucher & Hepburn Ltd, Investec Group Ltd, Investec Holdings Ltd, Lonmin Plc, M-Cell Ltd, Malbak Ltd, MIH Holdings Ltd, Nampak Ltd, Nedcor Ltd, SA Breweries Plc, Sekunjalo Investments Ltd, South African Chrome & Alloy Ltd (Sachrome), Standard Bank Investment Corp. (Stanbic), Truworths International Ltd, Western Areas Gold Mining Ltd, Women Investment Portfolio Holdings Ltd (Wiphold), and Wooltru Ltd.

MAIN REASONS FOR ACTIVITY

• BHP Billiton gained 1.95% after reporting in the week fiscal Q3 net profit of US$406 million. BHP also announced that Brian Gilbertson will assume the CEO post on July 1st, and that its board also approved US$355 million for the Atlantis gas project.

• The South African Reserve Bank (SARB) exited the Johannesburg Stock Exchange (JSE) on May 2nd, ending an 81 year presence as a publicly traded company.

• Black empowerment company, Sekunjalo Investments, gained 5.88% after reporting that its 6 months operating profit was R10.3 million on a turnover that rose 40% to R152 million - this is a far cry from the losses reported by the company last year.

• Platinum shares closed lower as Platinum and Palladium prices declined.

• Gold shares gained as bullion prices rose.

• Gold Fields gained 1.10% after reporting fiscal Q3 operating profit that rose 64% to R1.05 billion, which was still slightly below the 67% increase analysts were expecting.

• Wooltru gained 0.37% after announcing its intention to give its shareholders R3.88 billion in stock from the 3 other companies it has a controlling interest in: Massmart Ltd, Truworths International, and Woolworths.

• South African Iron & Steel Industrial Corp. (Iscor) lost 1.70% after reporting that for the first 3 months of this year, its operating profit doubled to R314 million, as revenue rose to R3.8 billion, thanks to a 19% increase in domestic demand. Iscor is however, concerned about the US' stiff Steel tariffs.

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

• SA Retail Properties closed unchanged on Friday despite getting a Bernard Jacobs Melett upgrade on Tuesday.

• Media company MIH Holdings gained 2.46% after Merrill Lynch maintained its "strong buy" rating on the shares, and feels the shares are undervalued.

• Oakfields Thoroughbreds & Leisure Industries closed unchanged Friday after reporting on Tuesday that for the 6 months ended January, its revenue declined by more than half to R477,000 over the year, as its losses rose to R1.39 million. On the upside, its capital and reserves rose to R41.1 million.

• Banking shares closed higher on optimism that the strong Rand will discourage further interest rate hikes.

• Hunt Leucher & Hepburn, the parent of Robertsons Holdings, gained 0.26% after its shareholders on Tuesday approved the merger of Robertsons to Unilever Foods to create a new entity to be called Unilever BestFoods Robersons. Unilever acquired US based BestFoods last year.

• Engineering and construction company Basil Read gained 2.63% after its CEO, Albert Bernardo, personally acquired 1.5 million shares in the company for R1.8 million as a show of confidence.

• Barloworld lost 0.31% after its Cement and Lime producing unit, PPC, warned that its second half profit and cash flow will be lower than anticipated.

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<---D021--->

MARKET SUMMARY FOR FRIDAY APRIL 26TH. 2002

JSE ALSI: 11159.6 = -140.1

RAND/US$:  10.71  =  -1.56%

GOLD$/oz:   307.85  =  +0.07%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Gainers included: African Bank Investments Ltd (ABIL), African Gem Resources Ltd, African Oxygen Ltd, Anglovaal Industries, Anglovaal Mining Ltd, ApexHi Properties Ltd, Basil Read Holdings, Bidvest Group Ltd, Bowler Metcalf Ltd, Ellerine Holdings Ltd, Gilboa Properties Ltd, M Cubed Holdings Ltd, Mr Price Group Ltd, Nampak Ltd, South African Iron & Steel Industrial Corp. (ISCOR), and Sun International Ltd.

MAIN REASONS FOR ACTIVITY

• South Africa's Purchasing Price Index (PPI) rose 1.1% in March, and 14.1% over the year.

• The South African Reserve Bank (SARB) is to exit the Johannesburg Stock Exchange (JSE) May 2nd.

• Boe lost 0.58% despite Nedcor's offer of R7.3 billion offer to acquire it. Nedcor lost 0.70%.

• Tigon lost 7.50% after the Financial Services Board (FSB) announced that it is investigating to see if the company's CEO conspired to manipulate share prices in 1999.

• Shares with Rand hedges were hit as the Rand continues its rise against major currencies.

• Logistics company Super Group lost 0.89% after announcing Wednesday that its long term contracts have risen substantially to R4 billion.

• Kumba Resources lost 2.89% despite announcing fiscal Q3 operating profit that doubled over the year to R486 million.

• Nampak gained 0.37% on news over the week that it is making a bid for smaller rival, Malbak. Malbak closed 0.27% lower.

• 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.

• LA Retail Stores closed unchanged after announcing Wednesday that for the year ended February, its turnover rose to R639 million, as profits rose R5 million to R46 million, despite a R19 million charge in losses for the sale of its LA Jeans and Oxygen Stores units.

• BHP Billiton closed lower after announcing that its Q3 Copper production will be lower, and the poor coal prices won't help either. BHP Billiton also has a strike at one of its South African mines.

• Gold and Platinum shares, or mining shares in general, closed lower. Gold prices actually rose on Friday.

• Anglovaal Mining gained 0.52% after announcing on Wednesday that its Anglovaal Gold subsidiary is cutting 227 jobs, or 5% of workforce, at its ETC mine so as to lower its production costs.

• Dimension Data closed lower on Friday despite reporting strong earnings in the week.

• Banking and financial services shares closed lower on Friday.

• Old Mutual closed lower after talks to sell its securities unit to UK based Beeson Gregory ended.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

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