VIEW ONLINE

14 December 2020
Hello Voornaam,

The number of companies listed on the JSE continues to dwindle, with horse racing and sports bettering group Phumelela the latest to announce its delisting. However, the exchange will welcome a new entrant on Thursday with the secondary listing of Bytes Technology Group following its unbundling from Altron. At 270 pence per share, its listing price on the London Stock Exchange is at the higher end of guidance, sending Altron's shares higher on Friday. Shareholders will end up with stock in both companies.

Another company set to delist is infrastructure supplies group Accentuate following October's offer by Pruta Securities to increases its shareholding - and a general offer to all shareholders to buy their shares. It was out with annual results on Friday and, as expected, Covid-19 and the lockdown have added to an already difficult trading environment.

Better news from Tongaat Hulett, which has turned the corner following the action taken by CEO Gavin Hudson since he took over almost two years ago. The agri group says it has also made headway in improving its cash flow and reducing its debt.

More on those stories to follow, along with updates from Anglo American, Anglo American Platinum and ICT group Sebata Holdings.

In How to harness the next phase of future-tech, Rand Swiss wealth manager Viv Govender explains why it's important to make the distinction between the Information Technology sector and Future Technology.

Finally, in the latest Magic Markets podcast, The Finance Ghost discusses why GDP is important and how SA is faring.

Have a good week.

Stephen Gunnion

Managing Editor, InceConnect


Book Giveaway: Enterand you stand a chance to win one of 25 copies of Made in South Africa by Lwando Xaso. Click hereto find out more about the book.


The latest from Ingham Analytics

If you are exposed to US Tech shares like Facebook, you'll want to read what top trader Andrew Kinsey has to say in "Will antitrust action spoil the US tech party?" The antitrust busters are at it again and this time a fingering of Big Tech has politicised, populist undertones to it.

The latest note on Sasol "Stuck between the devil and the deep blue sea" is a popular download and with copper having almost reached $8,000/t so too is "Dr Copper gives a diagnosis".


Todays Latest Headlines

Healthy appetite for Bytes
The UK software and solutions group commences unconditional trading on the London and Johannesburg stock exchanges on Thursday.
SHARE THIS STORY
Tongaat on track to meet targets
Following a number of disposals, the agri group said it had made good progress in achieving its debt reduction milestones.
SHARE THIS STORY

Magic Markets Ep5: GDP - we shake the tree
All great startups must evolve with time and Magic Markets is no different
SHARE THIS STORY
Will antitrust action spoil the US tech party?
If you are exposed to US Tech shares like Facebook, you’ll want to read what top trader Andrew Kinsey has to say...
SHARE THIS STORY

How to harness the next phase of future-tech
Why is Biotech my sector pick for 2021?
SHARE THIS STORY
Made in South Africa by Lwando Xaso
'Being South African... is a strong and determined state of mind - it is believing in the improbable.'
SHARE THIS STORY

Company Notices and Announcements

View All Company Notices And Announcements

This email was sent to [email protected] on 2020-12-14
INCE - A trusted brand in investor
communications for almost 100 years.
SUBSCRIBE | UNSUBSCRIBE
Powered by Ince (Pty) Ltd | 42 Wierda Rd W, Wierda Valley | Sandton | Gauteng | 2196 | South Africa