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26 November 2019
Hello Voornaam,

Rampant inflation in Zimbabwe has knocked the wind out of a few JSE-listed companies - and no doubt more will follow. Nampak and Pepkor are just the latest to feel the effect after the packing group suffered a large forex loss and Pepkor decided to close up shop in Zimbabwe following losses. While it may be small beer for Pepkor, Nampak's shares fell to their lowest in two decades yesterday and have now halved in value this year. Both companies have also been affected by a significant weakening in Angola's kwanza.

Meanwhile, Sasol has warned that it will report a decline in interim profit as it prepares for its Lake Charles project in the US to ramp up. Ahead of that, it's arranged more funding from its lenders and a relaxation of its debt covenants, just in case.

More on those stories in today's newsletter, along with results from Invicta, enX and Sirius Real Estate.

In The Week Ahead, Chris Gilmour looks back at some of the events that shaped the market over the past week and what you should watch out for over the next few days.

And Sanlam Investments' Guy Fletcher tells you why there's never been a better time to be an investor.

Finally, if you want to know how you can cash in on the certainty that the sun will come out tomorrow, The Sun Exchange gives everyday investors the opportunity to invest in the future of renewable energy in South Africa. You can invest through Uprise.Africa, South Africa's first and only regulated equity crowdfunding platform, providing an innovative space for capital raising and small business investment. The platform is disrupting the traditional funding landscape by providing an alternative, democratic method for businesses to raise capital, thus making the funding landscape more accessible to both entrepreneurs and investors. Follow this link to find out more.

I hope have a good day.

Stephen Gunnion

Managing Editor, InceConnect


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Todays Latest Headlines

Pepkor closes up shop in Zimbabwe
The mass-market retailer has impaired The Building Company and closed up shop in Zimbabwe after incurring a loss from its operations there.
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Zimbabwe weighs heavily on Nampak
The packaging group will report a loss from total operations due to foreign exchange losses in Zimbabwe and higher tax in Angola.
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Sasol ready to gear up as Lake Charles ramps up
The oil and chemicals group has also warned of a decline in first-half earnings.
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Invicta holds dividend as it reduces debt
Gearing at the engineering and capital equipment group has increased following a tax settlement with SARS in 2018.
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Nine investment elements your parents wish they had - there's never been a better time to be an investor
Investing is hard! Let no one ever tell you that simply putting money aside on a monthly basis will solve all your retirement problems without a...
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The Week Ahead of 25 November with Chris Gilmour
Global growth showing a mixed signal. SA’s growth prospects declining.
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