Metrofile's shares got a nice boost ahead of yesterday's holiday, rising 6% after it released a positive trading update and confirmed that a second company was interested in buying it. While a conditional offer made a year ago by a consortium of private equity investors has yet to materialise due to Covid-19 holdups, the new unsolicited approach could result in a higher price if the company is to be taken private. Delta Property Fund's shares also rose on Tuesday - ahead of its suspension by the JSE after it withdrew its 2020 annual financial statements and postponed the release of its interim results due to fraud and the misappropriation of funds in the latest accounting scandal to hit JSE-listed company. More on those stories to follow, along with news of York Timber's acquisition of an avocado and macadamia nut farm as it diversifies its business and an update from African Rainbow Capital Investments, which has seen strong growth in customer numbers at its TymeBank subsidiary. Finally, Jasco plans to sell more non-core businesses to strengthen its balance sheet after a tough year and AltX will welcome its 40th listing next week when Prosus joins the exchange. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
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