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12 March 2021
Hello Voornaam,
The financial sector has been hit hard by Covid-19, resulting in increased credit impairments for banks and a sharp rise in claims for insurers. Share360 aims to give you a full perspective on the sector, how it has fared during the pandemic and where the opportunities lie. Share360 is part of our undertaking at InceConnect to provide you with a forum where you can access all the information you need to make smart investment decisions - and where you can you can engage with a wider investment audience.
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Putting theory into practice
Six trade alerts you cannot afford to miss...
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Sanlam weathers Covid-19 storm
Earnings are down due to pandemic provisions but the insurance group reported record new business volumes.
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Aspen Pharmacare is in better shape after restructuring its business and disposing of assets that were no longer core. That's helped it reduce debt - and its interest bill - resulting in a stronger first-half performance as it prepares to start manufacturing the Janssen Covid-19 vaccine at its Gqeberha (Port Elizabeth) facility.

Brait must wish that members of its Virgin Active gym chain in the UK could also get back in shape. Instead, its health clubs there remain closed, as they have been for most of past year. Along with other stakeholders and creditors, it has come up with a new restructuring plan to keep the chain afloat until restrictions ease.

Famous Brands says the impact of Covid-19 on its operations here and in the UK has also been severe, resulting in a big decline in full-year sales.

Don't miss the latest results from Standard Bank and Sanlam in Share360 as we turn the spotlight on the financial services sector.

And we wrap up the week with the latest mergers and acquisition news from our partners at DealMakers.

Have a good weekend.

Stephen Gunnion

Managing Editor, InceConnect


The latest from Ingham Analytics

If you're in for a horror story then we've got one up on Netflix - a note entitled "Is there a TARGET(2) on my back?" This examines so-called Target2 imbalances in the Eurozone and follows on from the recent central banking note "Now what do they want?" Andrew Kinsey examines the uncomfortable truth of what is at the heart of a fundamentally unstable euro. Could the euro crack? What are the implications? On Sasol, the story also isn't pleasant, as a "A fifteen-year gulf" assesses.


Todays Latest Headlines
Aspen in robust shape as it tackles debt
The specialty pharmaceuticals debt says it remains committed to the reintroduction of dividend payments.
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Brait provides Virgin Active with more financial muscle
The investment firm says Virgin Active Europe has lost a quarter of its membership base as a result of Covid-19 lockdowns.
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Covid-19 devours Famous Brands' sales
The restaurant group says its operations have been impacted to varying degrees by national lockdowns.
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Is there a TARGET(2) on my back?
If you're in for a horror story then we've got one up on Netflix - a note entitled "Is there a TARGET(2) on my back?"
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Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
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Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
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Company Notices and Announcements
CORPORATE ANNOUNCEMENT BY: NORTHAM PLATINUM LIMITED
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CORPORATE ANNOUNCEMENT BY: NORTHAM PLATINUM LIMITED - Shares
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View All Company Notices And Announcements

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