| Consumer price inflation measured just 3.7% last month, down from 4.1% previously and below the 3.9% expected by the market. That puts the Reserve Bank's monetary policy committee in a difficult position when it decides on interest rates this afternoon. While the MPC had been expected to hold steady on rates due to risks that could impact the rand, the lower inflation print could force the bank's hand. The most immediate risk is Standard & Poor's ratings decision tomorrow. While it already has SA on a sub-investment grade rating, it is expected to change its outlook to negative from stable, as a precursor to a further downgrade due to the deteriorating fiscal position. Back to today, though, and Lewis Group's shares rallied after it reported a strong start to its 2020 financial year, helped by its diversification into new markets. PPC, however has been restrained by lower domestic sales volumes and the impact of hyperinflation on its operations in Zimbabwe. And Dipula Income Fund has reported a decent rise in first-half earnings, helped by acquisitions and lower vacancies at its properties. Meanwhile, Prosus remains on the offensive in its bid for London-listed food delivery group Just Eat following the release of rival bidder Takeaway.com's offer document yesterday. Finally, if you are looking for an alternative investment, Uprise.Africa is South Africa's first and only regulated equity crowdfunding platform, providing an innovative space for capital raising and small business investment. The platform is disrupting the traditional funding landscape by providing an alternative, democratic method for businesses to raise capital, making the funding landscape more accessible to both entrepreneurs and investors. Follow this link to find out more about Sun Exchange, the world's first peer-to-peer solar leasing platform that was identified and selected by Uprise.Africa and Bridge Capital. I hope you enjoy the read. Stephen Gunnion Managing Editor, InceConnect
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