| The JSE faces another delisting, with Anchor Group announcing its intention to buy out minorities and delist from the exchange, as well terminating its secondary listing on A2X Markets. Small Talk Daily analyst Anthony Clark says the Friday the 13th announcement was perhaps unlucky for some Anchor shareholders who might have been hoping for more than the R4.25 that the company has put on the table. After listing at R2 and reaching R18.50 five years ago, the share has dwindled since then due to the lack of support for small cap companies. He believes a fair buyout price would be about R5 per share. Still, it has the support of shareholders with a significant number of shares, which implies the deal is likely to go through. Its shares rose 5% on Friday. Invicta also closed higher after it received approval from the local competition authorities to sell a number of businesses that will help it cut debt and improve its capital structure. ISA Holdings, too, was up after it broke with tradition and declared an interim dividend due to its strong cash position. More on those in today's newsletter, as well as distribution guidance from Octodec Investments ahead of results this morning and results from Tsogo Sun Hotels. Finally, DealMakers reports that mergers and acquisitions in Africa outside SA reached $8.1 billion in the nine months ended September, with third-quarter deals totalling $1.7 billion. All the detail to follow. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Per the note "Buckle up?" did the seatbelts go to waste? Actually no, says top trader Andrew Kinsey in "Did your seatbelts go to waste?". Andrew had warned of volatile times to come and the markets did not disappoint. Where to now as we head to the end of the year? Andrew has the answers. "US bounce" also has further colour on this topic. Meanwhile, if you are keen on the China tech story, check out the new thematic analysis called China Tech with the first note entitled "Anti-Trusted". | 