Anglo American may get a bargain if it's successful with its bid for Sirius Minerals due to the tight spot the UK fertiliser exploration group finds itself in. However, Anglo's gains will come at the expense of Sirius shareholders, a great many of whom are small retail investors and won't realise their investment with Anglo's 5.5p per share offer. The alternative is the possible liquidation of the company, which would leave shareholders with nothing. Chairman Russell Scrimshaw was very apologetic as he urged shareholders to back the offer in yesterday's announcement. Meanwhile, intu Properties plans to ask shareholders for more cash when it releases its annual results next month. The value of its shopping centres has diminished due to pressure on the UK retail sector, rentals are under pressure and its debt is unmanageable as a result. More on those stories to follow, along with the Merafe joining the list of SA companies embarking on retrenchment programmes. Better news from Equites Property Fund, however, after it was appointed by Pepkor to build a big warehouse in a growing transport hub in KwaZulu-Natal. In The Week Ahead, Chris Gilmour looks back at some of the news that have driven market action over the past week and what lies ahead in the days to come. And we also take a closer look at Section 12J investments, which provide a means for SMEs to access equity investments and offer investors tax incentives. If you're interested in investing in Section 12J funds, click here. Ingham Analytics' latest research note on Sasol explains why it's likely to muddle along for the short term as it gets its Lake Charles project in the US up and running. You can get access to the report by following this link. Finally, if you're considering property crowdfunding, we've included five stats that may help you make up your mind. Click here to find out how you can participate in Uprise Africa's crowdfunding opportunity. Have a good day. Stephen Gunnion Managing Editor, InceConnect |