The JSE weakened along with European and American markets yesterday as trade concerns again gave investors the jitters after a quiet end to last week due to the Thanksgiving holiday in the US. According to Bloomberg, a report saying President Donald Trump would raise import tariffs on China if the two countries couldn't reach a trade agreement put the S&P 500 Index on track for its biggest drop in almost two months. At home, the JSE shed a percent, with MTN and Vodacom down sharply after the Competition Commission said the network operators could face prosecution if they don't cut data prices in the next couple of months. There were some winners though, including Vukile Property Fund after it said it remained on track to grow its full-year distribution by between three and five percent. Trencor also ended higher after outlining the details of the listing of US container group Textainer on the JSE next week. Its shareholders will receive Textainer shares when it unbundles its stake in the middle of the month. More on those stories to follow, along with annual results from Consolidated Infrastructure Group and Sirius Real Estate's latest acquisition. Also, Taste Holdings has wrapped up the sale of some of its food businesses as it shifts direction and UK property group Capital and Counties is growing its footprint in upmarket Covent Garden after the sale of its Earls Court property assets. And following Naspers's listing of Prosus on Euronext Amsterdam in September, Ingham Analytics' latest research report considers the discount it trades at relative to its holding in Chinese gaming and internet giant Tencent. Finally, Bridge Capital and Uprise.Africa have selected an investment opportunity that will give you the chance to own shares in Africa's very first eco-smart city. Blythesdale Coastal Estate in KwaZulu-Natal is a R16 billion development project that will make the most of the country's pristine subtropical coastline - without spoiling it. Bridge has a 20 year proven track record as a corporate advisory and M&A consultancy and its expertise has been brought into play in identifying the best opportunities with the highest chance of outperforming other investments. Click here if you'd like to find out more. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
Looking for finance for your small business? FundingHub helps all small businesses to apply in under six minutes for business finance, comparing multiple accredited finance providers and to make the most appropriate choice based on their business needs. Click here for more information. |