| Nedbank wraps up the reporting season for the big four banks tomorrow and investors will be keen to see whether it pays a dividend after Absa withheld a final payout for shareholders with the release of its results yesterday. That's after FirstRand and Standard Bank both went ahead with payouts for the period to end-December. It's likely to be a while longer before Sun International gets back to dividends. The hotel and casino group has swung to a full-year loss and says its hotels in particular continue to be impacted by the lack of demand from the business market - and the absence of international tourists. Meanwhile, private education groups Stadio and AdvTech appear to have weathered the pandemic pretty well. Stadio released results yesterday and AdvTech a trading statement, with both receiving a positive reception from investors. More on those stories to follow, along with Mr Price's latest acquisition as it targets higher LSM groups, and more details of Cartrack's pending delisting from the JSE and the listing of holding company Karooooo on the Nasdaq. If you missed it yesterday, The Finance Ghost and Mohammed Nalla (Moe-Knows) tackle SPACs (Special Purpose Acquisition Companies) in the latest episode of the Magic Markets. The concept of a SPAC has been around in South Africa for several years but only a few companies came to market in this way. In contrast, the US market is now crawling with SPACs. Follow this link to find out more. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics In a chunky Equity & Credit Markets Searchlight entitled "Rate accelerator" Ingham Analytics provide incisive analysis on the interconnection between equity and debt markets and how that is playing out, particularly in the US - which in turn has global implications. There are signs of disruptive repricing in financial markets. What are the risks? What about tech shares? Could they fall further? Are interest rates set to rise further? "Is there a TARGET(2) on my back?" also provides further colour in this regard as does "Now what do they want?" and "Booming along". | 
