| Stefanutti Stocks' problems are escalating and its share price reflects the market's concern. While it recovered a sharp fall yesterday to end unchanged, its stock has taken a battering this year, reducing its market cap to just R22.6 billion. Scorpio, the investigative unit of Daily Maverick, reported this week that the construction group was one of the lead contractors at the Kusile power station that made substantial payments to an apparent slush fund that enriched Eskom officials. Its shares fell more than 40% the day the report was released. Last Thursday, they toppled 45% after it published a trading statement ahead of interim results yesterday. Read on for more on Stefanutti's battle to get money out of clients, as well as more upbeat reports from Kaap Agri and Murray and Roberts. Quantum Foods also released results yesterday and expects conditions to remain tough for the time being. Also today, Sanlam Investments' Todd Micklethwaite discusses the benefits of investing in Africa. And all the latest from DealMakers too. Finally, for many relatively wealthy South Africans the question has become not whether to invest offshore, but how. The need to diversify one's emerging market currency risks has become a burning one as South Africa's hoped-for political and economic recovery seems stuck in surreal slow motion. One of the asset classes many are looking at now is an investment in offshore real estate, which in some cases is made all the more attractive by the bonus of a 'Plan B' residency programme. Portugal's Golden Visa programme springs to mind here, in a country that has the additional advantages of a great climate, a well-run, business-friendly government, and one of Europe's top-performing property markets. Click here to find out more. I hope you have a good weekend. Stephen Gunnion Managing Editor, InceConnect
When the sun shines, not only will it be a new day, but more money for you. The Sun Exchange equity crowdfunding campaign has been live for the past few weeks and has already raised over 4 million rand in investment. This is a milestone worth celebrating! With the launch of their campaign, The Sun Exchange has given everyday investors the opportunity to invest in the future of renewable energy in South Africa. We are happy to announce that with the success of the crowdfunding raise so far, Uprise.Africa has decided to extend the campaign for a short while. This means, more investors like you and me you still have a chance to Invest today in a project that is changing the everyday lives of those in need of lower-cost energy. Don't miss out, if you still haven't invested, click here and start cashing on the sun. | 