| It seems that Redefine Properties may have set a precedent for other real estate investment trusts to follow. Dipula Income Fund is the latest to announce that it won't pay a final dividend for its 2020 financial year, using the potential impact Covid-19 could have on its liquidity to get around its distribution obligations. Like Redefine, its deadline to pay its distribution was the end of this month. It's a tricky situation for the JSE, which came down hard on Hyprop Investments for trying to give shareholders a dividend credit. If it allows Redefine and Dipula to get away without paying a distribution because of something that may or may not happen, other REITs are likely to follow. That's bad news for investors who rely on the income they earn from the property funds. Meanwhile, commodities giant Glencore is handing back some mining contracts in Colombia after the state mining authority wouldn't allow it to keep loss-making coal mines on care and maintenance. Also in your final newsletter for the week, Caxton's stake in Mpact has grown to above 30 percent after the packaging group bought back some of its own stock, reducing the number of shares in issue. And Huge Group, which has been in the news due to its bid for Adapt IT, has entered a deal with an associate of Japanese technology and electronics giant NEC Corporation to expand services across the continent. Finally, all the latest mergers and acquisitions news courtesy of DealMakers. Have a good weekend. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Keep your eyes peeled early in the coming week for a fascinating analysis by Andrew Kinsey on the goings on behind GameStop. Andrew unpacks the mechanics of the trades, drawing on his deep well of expertise in these matters internationally. If you hold or trade Sasol, you'll find "All that glitters?" of topical interest. Sasol isn't out of the woods and a potential rights issue could still loom large and be dilutive. | 