| There may finally be some movement on the listing of Steinhoff's most valuable asset. The embattled retailer says it is asking its creditors for the go-ahead to potentially pursue an initial public offering (IPO) for Pepco Group. And it's believed the European discount retailer could be worth as much as R77-billion. However, a sale of Pepco to private equity or trade buyers hasn't been ruled out either. Following Karooooo's IPO on the US Nasdaq market, there's been a strong take-up by local Cartrack shareholders for shares in the oddly named parent company. Almost all of them, in fact. If you're a shareholder, you should receive your new Karooooo shares this week as it prepares to take a secondary listing on the JSE. More details on these stories to follow, along with another strong operational update from Cashbuild; Murray and Roberts latest contract win as it grows its order book; and Imperial Logistics' successful disposal of its South American shipping business. If you've enjoyed Share360's focus on crypto currencies, you don't want to miss out on last week's episode of the Magic Markets podcast. With the help of the team from Future Forex, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) unpack the risks and opportunities of crypto arbitrage. It's free to listen to and you can find it right here. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics US company profits could rise by at least 27% in 2021 say Ingham Analytics, supported by a bigger than expected rise in real US GDP, and the operating leverage that comes with higher capacity utilisation. Excess savings are the equal of the Biden stimulus package whilst higher income earners have come through Covid-19 relatively unscathed. They explain the maths in "There's a coach comin' in, hear those wheel spin". For investors exposed to US equities, and many in South Africa these days are, this is key information to know. Also, check out "NOPE, you can make money out of volatility" and "Slap". | 