After a mostly good week for stocks, the JSE ended well in the red on Friday with a number of large cap shares dragging the market lower. Apart from some company-specific news, the semi-annual review of the components included in the MSCI Emerging Markets index saw a number of JSE counters excluded. Following sharp drops in their share prices this year, Netcare, Sappi and Truworths are out of the much-watched index. This weighed on their share prices as fund managers replicating the index will now become sellers of those stocks. Included in the index in its November review were Sibanye-Stillwater, Impala Platinum and Northam Platinum due to a rally in their shares this year. Richemont also fell sharply on Friday after half-year results fell short of expectations, while Gold Fields came under pressure too. However, Tiger Brands jumped after it said it had received a number of offers for its processed meats division, which includes the businesses implicated in last year's listeriosis outbreak. More on all those stories to follow in today's newsletter, as well as a bleak trading update from Wescoal and another potential asset sale by Aspen Pharmacare. Don't forget, if you want to invest in any of the companies covered in our reporting, our partners at EasyEquities are ready to help with one of the lowest-cost trading platforms available in South Africa. Simply click on the button at the end of the story with the relevant company's logo to find more information about the company and easy steps to open an EasyEquities account and get trading. Finally, if you're looking for a deal with the potential for big returns, Ince, Uprise.Africa and Bridge Capital have combined strengths to carefully identify and select the most promising new investment opportunities in exciting high-growth small companies. One opportunity they have identified in this intriguing space is My-iMali Mobile Money. Bridge Capital has a 20 year proven track record as a corporate advisory and M&A consultancy and arrange funding, and their 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 week. Stephen Gunnion Managing Editor, InceConnect
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