| Delta Property Fund's shares rose close to 8% yesterday. That was before it dropped the bombshell, after the close of trade, that it won't release its interim results as expected tomorrow and has withdrawn its annual financial statements for last year due to the fraud that has been uncovered by forensic investigators. It's been reported to the police too. Without naming them directly, it has implicated its former executive management. Better news from Barloworld as it refocuses its portfolio of investments, while City Lodge says guests are returning to its hotels as the festive season draws closer. Also today, Sanlam says sales of insurance and investment products have recovered following the easing of lockdown restrictions. And British American Tobacco says its performance this year will be slightly better than expected, helped by the resumption of tobacco sales in South Africa. Finally, if you're invested in Sasol, or planning to buy shares, take a look at Ingham Analytics' latest report on the energy and chemicals group. Details are down below. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Sasol is always a popular topic. In "Stuck between the devil and the deep blue sea", Ingham Analytics say that a $2 billion rights issue it is appearing more likely by the day. This is on top of the $2.8 billion in net proceeds from recent asset sales. What are the implications for Sasol shareholders? What is the quantitative effect? The figures may shock you. A popular download this week is "Dr Copper gives a diagnosis" which analyses copper, along with other industrial metals, and the effect on stocks like BHP and Rio Tinto. | 