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24 December 2020
 
 
 
Hello Voornaam,
 

The JSE recovered some of this week's losses yesterday as hopes of a last-minute Brexit deal between the UK and the European Union and firmer commodity prices offset continued worries about the latest variant of the coronavirus, which has impacted the UK and SA.

However, with the JSE closing early for the Christmas holiday tomorrow, it seems unlikely that the local market will get back in sight of the all-time highs it flirted with last week.

Hammerson was one of the big winners on the JSE, jumping over 7% as the European property group's shares started trading on Euronext Dublin. South32 was one of the biggest losers, despite news that the Competition Tribunal has approved the sale of its South Africa Energy Coal business to Seriti Resources.

Also today, Combined Motor Holdings has sold one of its properties to an empowerment investor and will lease the building back. And Afristrat, the company previously called Ecsponent, has reported a much smaller interim loss as it restructures its debt and its operations.

As the year draws to a close, The Finance Ghost reviews his JSE portfolio this year, including some of the investment calls he got right - as well as those he got wrong. If you've enjoyed his Magic Markets podcasts, then you'll find his investment strategy just as interesting. Follow this link for more on the phantom's portfolio.

If you have the next couple of days off, I hope you have a good and safe holiday.

Stephen Gunnion

Managing Editor, InceConnect



The latest from Ingham Analytics

As year-end approaches it is timely to take stock of portfolio management in 2020, one of considerable upheaval and volatility. In planning your strategy for 2021, "Wither portfolio management, or not?" has a thought-provoking look at what a US-focused portfolio achieved in 2020. Top trader Andrew Kinsey has some surprising statistics and outcomes to share. And with Tesla making an end-of-year splash "Credit where credit is due?" is a timely analysis. Tencent too has had a strong run but as "Gaming for change" asks, is it a bit pricey now?

 

 
Todays Latest Headlines
 
 
 
 
South32 a step closer to SA coal sale
South32 a step closer to SA coal sale
The global mining group expects to secure approval from Eskom in time to close the deal by the end of March.
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Hammerson targets European investors
Hammerson targets European investors
The shopping centre owner has taken a secondary listing on the Irish Stock Exchange, which trades as Euronext Dublin.
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CMH sells property in lease back deal
CMH sells property in lease back deal
The Randjespark property is currently occupied by one of its subsidiaries, which will rent it back from the empowerment buyers.
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Afristrat narrows its losses after restructuring
Afristrat narrows its losses after restructuring
The private equity investor plans to rebuild its banking and financial services platform around the assets of fintech company MyBucks.
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Company Notices and Announcements
 
CORPORATE ANNOUNCEMENT BY: Combined Motor Holdings Limited
CORPORATE ANNOUNCEMENT BY: Combined Motor Holdings Limited
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