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17 February 2020
Hello Voornaam,

If you'd invested in Sibanye-Stillwater in January last year when it was trading just above R10 you'd have quadrupled your money - its shares are now above R40 following a significant turnaround in its fortunes.

Back then its gold operations had all but ground to a halt due to a five-month strike that lasted until last April, after which it still had to ramp production back up at the affected mines. The strike also affected its ability to pay down debt, forcing it to issue new equity to create a safety net. With output back to normal and a decent rise in the prices for gold and platinum group metals, its position has improved considerably. It's now able to pay down debt faster than planned, which means it may soon be in a position to reward investors with a resumption in dividends.

Sibanye-Stillwater releases its annual results on Wednesday as the reporting seasons starts to pick up. In The Week Ahead, Chris Gilmour lists the other results you should watch out for in the days ahead. He also discusses some of the factors that drove US equity markets to new records last week.

Also today, Resilient REIT has managed to increase its interim dividend despite a number of headwinds for the property sector and AECI has guided investors to expect a big improvement in its second-half earnings. Adapt IT will report a decline when it releases its interims next week though. Meanwhile, Blue Label is starting to pocket some cash following the sale of a few of its smaller operations and Gemfields has been welcomed back to the London Stock Exchange.

Finally, balancing your retirement annuity with Section 12J investments can help you reduce your income tax or capital gains tax liabilities. Follow this link to find out more.

I hope you have a good week.

Stephen Gunnion

Managing Editor, InceConnect


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Todays Latest Headlines

Sibanye continues its heady rise
After a difficult first half, the gold and platinum producer has reported a strong turnaround for its second six months.
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The Week Ahead with Chris Gilmour 17 February 2020
The S&P 500 and Nasdaq keep on hitting record highs.
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AECI flags a rise in profit
After a weaker first-half, the group will report a rise in full-year earnings as the benefits of strategic realignment projects start to emerge.
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Resilient holds up as Edcon scales back
The real estate investment trust says distributable income was impacted by its renegotiated rental agreement with the retail group.
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Adapt IT warns of earnings decline
The IT solutions group has been affected by a difficult trading environment, rising finance costs and new accounting standards.
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Gemfields returns to the LSE
The precious stones miner and marketer has listed on the Alternative Investment Market as it tries to lure more investors.
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