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01 December 2020
 
 
 
Hello Voornaam,
 

The JSE ended November on the back foot as a third day of losses detracted from a strong month for equity markets. Still, the All Share Index gained more than 10% over the past 30 days. Following the recent optimism over vaccines to combat Covid-19, the tide may be turning. Anecdotal evidence suggests the Black Friday sales may not have been as strong as expected. Hopefully, Cyber Monday transactions will compensate as more consumers shop online.

Banks came under pressure after Standard Bank released a trading update that showed continued pressure on loans and repayments due to the pandemic. Nedbank fell the most though, sliding 5.5%.

Sasol's shares gave back some of their recent gains, falling 9% as the oil price dipped 25%. On the upside, Invicta jumped 9% on the back of its half-year numbers.

More on those stories to follow, along with results from Barloworld, Vukile Property Fund, Aveng and Tharisa plc. Also, the latest podcast from The Finance Ghost. Joined again by macroeconomic market analyst Mohammed Nalla, they discuss the recent downgrade of SA's sovereign credit rating - one of the issues weighing on our banks.

Finally, Chris Gilmour takes a look back at last week's market action and what lies ahead over the next few days in The Week Ahead.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect



The latest from Ingham Analytics

ESG, short for environmental, social, governance, may seem touchy-feely, say Ingham Analytics, but fund managers and even private investors are taking it seriously when they decide to invest in a share or even remain in a share. As part of their ongoing coverage, ESG matters will feature from time-to-time and spotlight BHP in their latest Mining Monitor entitled "BHP scopes up". Meantime, gold failed to hold above $1,800/oz and slipped back yesterday. "Added weight" and "A blemished trading jewel?" are pertinent reads in this regard.

 

 
Todays Latest Headlines
 
Standard Bank says dividend remains uncertain
Standard Bank says dividend remains uncertain
After holding back on an interim payout, the bank says a final dividend will depend on a host of factors including regulatory guidance.
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BHP scopes up
BHP scopes up
ESG, short for environmental, social, governance may seem touchy-feely say Ingham Analytics but fund managers and even private investors are taking it seriously.
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Invicta recovers following clean up
Invicta recovers following clean up
The investment holding and management company has sold businesses to strengthen its balance sheet while keeping a lid on costs.
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Barloworld in a loss over Covid
Barloworld in a loss over Covid
The industrial group says it managed to maintain a strong balance sheet and cash balance, positioning it for the long-term.
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The Week Ahead
The Week Ahead
Britain's forecast GDP contraction the worst in 300 years.
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Vukile expects a better second half
Vukile expects a better second half
The property fund has held back on an interim dividend and says its full-year distribution will be based on a 75 percent payout ratio.
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Company Notices and Announcements
 
CORPORATE ANNOUNCEMENT BY: VUNANI LIMITED
CORPORATE ANNOUNCEMENT BY: VUNANI LIMITED
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CORPORATE ANNOUNCEMENT BY: INVICTA HOLDINGS LIMITED
CORPORATE ANNOUNCEMENT BY: INVICTA HOLDINGS LIMITED
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CORPORATE ANNOUNCEMENT BY: VUNANI LIMITED (PROPOSED)
CORPORATE ANNOUNCEMENT BY: VUNANI LIMITED (PROPOSED)
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