| Consolidated Infrastructure Group left investors scratching their heads yesterday after three directors resigned, including non-executive chairman Michael Wilkerson. The three were all nominated by its biggest shareholders - and significant debt holder - Fairfax Africa, which will now no longer be represented on the board of the infrastructure group. The move comes ahead of the release of interim results, possibly this week, and as it continues crucial talks to restructure its debt. Meanwhile, it appears that Adapt IT has a handle on its debt situation. It's share rose yesterday after it released results that showed an improvement in earnings and a reduction in gearing despite the impact of Covid-19 on its operations. And, as warned, Famous Brands reported a first-half loss after Covid-19 exacerbated an already difficult trading environment, particularly for Gourmet Burger Kitchen in the UK, now under administration. Also today, Astral Foods has outlined what investors can expect when it releases interim results next month and Astoria Investments says after a couple of months of slow trading for CNA, next year's back-to-school season will provide a good indication of the prospects of the book and stationery retailer. Finally, with all eyes on Finance Minister Tito Mboweni's Medium-Term Budget Policy Statement on Wednesday, Ingham Analytics' latest Searchlight report"Sink or Swim" questions whether government bonds are a good investment right now. More details down below and in today's newsletter. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
Since the start of the Covid 19 Pandemic SmartWill has seen a 250% increase in the number of wills taken out. "With all the disruptions and changes caused by the Covid-19 pandemic, individuals with wills should take the opportunity to update theirs. Failing to keep your will updated can place your beneficiaries - and your personal wishes about how you would like your estate administered - at risk," says Zale Hechter, CEO of Cliqtech, the creators of www.smartwill.co.za.Find out more here. The latest from Ingham Analytics The Medium-Term Budget Policy Speech on Wednesday, already delayed, will throw into stark relief the financial situation that the ANC has solely engineered. In "Sink or swim?" Ingham Analytics give a precursor to what they think Tito Mboweni will have to say and give backdrop to the data. SA government bonds offer high rates, do you buy? On a financial topic you'll also find "Irish eyes aren't smiling" of interest as will "Road to nowhere?" whilst on the topic of mining and electric vehicles "Nickel for Elon?" is rather more cheerful. | 