| intu Properties has found itself in a bit of a bind: its balance sheet is creaking, debt is coming due and it's had to abandon a proposed rights issue because it just couldn't get enough support. A number of takeover proposals over the past year or so have also come to nothing, partly due to the weak state of the UK retail property market and retailers in general. However, the shopping centre owner plans to continue selling some of its malls and says alternative options have presented themselves. These are happier times for Grindrod and Murray & Roberts though as restructuring efforts start to yield dividends. African Oxygen is also doing well, thanks to a big healthcare contract it won close to two years ago. More on those stories in your newsletter today, along with results from Mpact, which has trimmed its dividend after a difficult year due to overcapacity in a weak market. Adapt IT rallied yesterday after it said it was putting an end to its acquisition spree in order to tackle debt. Finally, with Sasol's share price floundering at its lowest in 15 years Ingham Analytics' latest note - "What a gas" - questions whether it's had too much wind knocked out of it. Follow this link for more. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
Get the finance you need to advance your business to the next level Compare dozens of trusted loans - fast, at no charge. Minimum qualifying criteria: R350,000 annual turnover and at least 6 months of trading. Click here to get started. | 