| Renergen's prospects have improved significantly after it hit a rich deposit during exploration drilling at its Virginia Gas Project in the Karoo Basin. The gas strike is a big boost to the company's resource in the area. And the market loved the news, sending its shares higher in decent volumes yesterday. The gas find is just the latest positive development contributing to a 60% increase in its share price so far this year. It has also developed a working vacuum prototype that will use its gases to store and transport Covid-19 vaccinations at ultra cold temperatures for periods of up to 25 days or longer. Read on for more on Renergen's wild-card discovery, as well as Motus's latest acquisition as the automotive group targets online sales in the pre-owned vehicle market. Meanwhile, Royal Bafokeng has marked its 10th anniversary on the JSE with a maiden dividend after a strong year for the platinum group metals mining company. Adapt IT also reported positive earnings after reducing its interest bill as it paid of debt. And Afrocentric says its diversification has helped it through a tough period. It's been a rough time for Capital & Regional too, with most of the retailers at its shopping centres around London closed for business due to ongoing lockdowns in the UK. Still, its shares rose 13% yesterday, giving parent company Growthpoint Properties a lift. Finally, Ingham Analytics' latest report touches on one of the JSE's most-watched stocks, Sasol. Follow this link for access or look for it in today's newsletter. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Ingham Analytics has released their latest note on Sasol - always a popular topic - entitled "A fifteen-year gulf". In updating their earnings view they also point to financial challenges but also take a fifteen-year perspective, it isn't pretty. And despite Brent oil nudging $70/bbl and the rand above R15/$, the old the traditional relationships have become disconnected meaning a share price way below where it would otherwise be. On central banking "Now what do they want?" is a timely read. | 