| The JSE may be in for a better start to the shortened week after global markets were mostly higher yesterday as prospects of more stimulus for the US economy helping to balance concerns over the escalating tensions with China. It was the latter that weighed on the JSE on Friday after President Donald Trump decided to ban Chinese apps WeChat and TikTok. WeChat is owned by Tencent, which makes up most of the value of Prosus, and by extension Naspers. Both shares were down around 4%, reversing some of their recent gains. On a positive note, AngloGold Ashanti alluded to strong rise in its dividend this year after the buoyant gold price resulted in a big increase in its free cash flow, which it uses to determine its annual payout. Richemont has also unveiled its proposed new shareholder loyalty scheme, meant to reward investors after it trimmed its payout ratio due to Covid-19. Also today, updates from Curro and Lewis Group, while Orion Minerals says it had strong support for last week's capital raise. I hope you have a good week. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics How high can BHP go? It is already a shade below AUD40 on the Australian exchange whilst on the JSE the stock is up 20% year to date (and almost 100% since the low in March, assisted by rand weakness). In "Iron ore up, all else down" Ingham Analytics say that when BHP reports full year results on or around 18 August it'll have iron ore to thank for a strong result - they expect iron ore to contribute 64% of the total, up from 48% last year and 59% in H1. But are we at perfection pricing with iron ore at $118/ton? And with gold at over $2,000 per ounce,"Bedazzled" is worth a read to make sense of it all. | 