| Shareholders voted with their feet when Tongaat Hulett resumed trading yesterday, sending its shares two-thirds lower at their worst. Its decision to suspend trade last June in order to protect investors while it sifted through its accounts identifying irregularities appears to not have worked. With debt of about R13 billion and a market capitalisation of well below R1 billion, it finds itself in a bind, particularly if it's forced to issue more equity to reduce its debt. No such problem at Barloworld, which is taking advantage of a strong balance sheet to acquire Mongolian Caterpillar distributor Wagner Asia Equipment. It will combine the business with Barloworld Russia to strengthen its position in the region. Meanwhile, Royal Bafokeng Platinum has settled the acquisition of Anglo American Platinum's stake in the BRPM joint venture early thanks to the forward sale of the gold it digs up while its mining platinum. Also in your newsletter today, Merafe has blamed load shedding in part for lower ferrochrome production last year and Orion Minerals says it's encouraged by diamond drilling results as it explores for minerals in Western Australia. In The Week Ahead, Chris Gilmour takes a look back at how the markets reacted to the news of the past week and what you should look out for in the days ahead. Finally, with the end of the tax year approaching, if you received Prosus shares after they were unbundled by Naspers, we look at how you can minimise your capital gains tax liability using Section 12J investments. Have a good day. Stephen Gunnion Managing Editor, InceConnect | 