JASCO ELECTRONICS saw its shares jump more than 12% this morning as the company said profit for the HY to end-Dec. likely increased by 80%-100%. The group did not give a reason for the surge. Its shares were up 12.2% at R1.10 on the JSE in morning trade. This news brief represents a summary of the original article.

SENTULA MINING today said it remained in talks regarding a proposed BB-BEE transaction. The deal will involve SENTULA employees, a community trust and a strategic broad-based BEE partner. Shareholders were urged to exercise caution when dealing in the company's shares. The deal will be implemented by way of a vendor-financed structure, pursuant to which the BB-BEE shareholders will acquire a direct equity interest in certain of SENTULA's SA mining services businesses. This news brief represents a summary of the original article.

DELTA this morning said EPS for the year ended Dec. 27 are forecast to be between 87c and 114c, from 246.9c y/y. HEPS are expected to be 53c-69c, down from 140.5c y/y. DELTA said due to improved contribution margins resulting from the weaker rand in the last quarter of 2011 and lower manufacturing costs, the group now expects its FY profit before tax to be higher than previously forecast. The group's FY2011 results are expected to be further enhanced by a favourable tax ruling received in Australia relating to the 2010 sale of its Australian residue disposal site. The 2010 taxation charge of R22m related to that sale will be reversed in DELTA's 2011 accounts. Earnings before tax for FY2011 are expected to be between R34m and R47m, from R178m y/y. The 2010 earnings before taxation included a R80m gain on the sale of the Australian disposal site, and a R52m reversal of rehabilitation provisions maintained for that site. Earnings after tax for FY2011 are expected to range between R43m and R56m, from R120m y/y, while HE after taxation will be between R26m and R34m (2010: R69m). Results will be published on Feb. 13. This news brief represents a summary of the original article.

PIONEER FOOD GROUP yesterday updated the market price of the second phase of its BB-BEE deal. The effective market price for the transaction had now been determined as R58.04/ordinary share, based on the 30-day volume weighted average price preceding Dec. 23. PIONEER said the phase two BB-BEE specific issue would result in an additional 13.54% black shareholding in the group post implementation of the deal through the issue of 28.691m shares to the BEE participants. The deal would be subject to various call options and pre-emptive rights. This news brief represents a summary of the original article.

ALLIED TECHNOLOGIES yesterday announced the resignation of Group COO JEFFREY HEDBERG, effective from the end of Jan. ALTECH CEO CRAIG VENTER said HEDBERG has decided to pursue his career outside of the ALTECH GROUP. HEDBERG's responsibilities will be managed by VENTER and divisional executives until a successor has been found. HEDBERG will continue to work with the group to a date to be mutually agreed upon. This news brief represents a summary of the original article.

BELL EQUIPMENT yesterday closed at its highest price in more than three years on expectations the group will report a surge in earnings for the FY to end-Dec. BELL's stock rose 5% to close at R21. Adjusted EPS for 2011 were expected to rise to 2.48c from 0.27c y/y. Analysts said market conditions had improved, with more activity in the mining sector. They also noted better stock management, pricing and volumes at the group. This news brief represents a summary of the original article.

An improvement in the regional economy and an increase in demand for products led to improved profits for INSIMBI REFRACTORY AND ALLOY SUPPLIES. INSIMBI yesterday reported that its EPS and HEPS for the FY to end-Feb. were expected to be at least 20% higher y/y. The company's continued growth is underpinned by cash of R30m, generated in the HY to end-Aug., compared with R24m y/y. INSIMBI lost 7.58% on the AltX to close at 61c yesterday. This news brief represents a summary of the original article.

Matriculants who passed with university exemption but could not gain entrance to tertiary institutions should consider enrolling at privately owned colleges, KELLY GROUP said yesterday. KELLY FD FERDIE PIETERSE said most of these colleges offered high quality courses tailored towards business requirements. PIETERSE said a report in a national publication recently showed only 162 929 places were available for first-year students at public universities, while 658 142 applications were received. He noted that a "higher-priced targeted programme of shorter duration" can offer better employment potential than some three-year university degrees. This news brief represents a summary of the original article.

ANGLO AMERICAN this week made public four documents relating to the sale of shares in ANGLO AMERICAN SUR to MITSUBISHI, as part of its dispute with CODELCO. A ruling issued on Monday by a Santiago court forced ANGLO to hand over the documents. Under the deal, MITSUBISHI agreed to pay $5.39bn for a 24.5% stake in SUR. ANGLO said the deal prevents CODELCO from exercising in full a historic option for 49% of the business. Releasing the documents, ANGLO denied that the contract contained any means to revert the transfer of property. CODELCO CEO DIEGO HERNANDEZ on Tuesday said his firm fears the MITSUBISHI agreement amounts to a simulated sale - one that would protect ANGLO from having CODELCO exercise its option, but without reducing its long-term participation in the business. This news brief represents a summary of the original article.

DE BEERS has appointed GARETH MOSTYN, ANGLO AMERICAN's head of corporate finance, as its new CFO. ANGLO last Nov. agreed to take control of DE BEERS, increasing its 45% stake in the diamond miner by buying out the OPPENHEIMER family. MOSTYN is due to start in his new position on Feb. 1. He will also serve on the board of DE BEERS. This news brief represents a summary of the original article.