Cartrack says Covid-19 restrictions have applied the brakes to its growth trajectory. Despite that, it has continued to increase subscriber numbers to deliver a performance that may be enticing to global investors if its plan to list in the US goes ahead.

The vehicle telematics group's shares rose on the back of a nine-month update yesterday - and remain well above the price it's offering minority investors as it prepares to delist from the JSE. Shareholders do, however, have the option of reinvesting in the company that will list on the Nasdaq and it appears that this is the route many of them plan to take.

Merafe Resources also released an update. Unfortunately, it has not been as resilient during the pandemic, with production declining sharply last year.

Also in your newsletter today, antenna specialist Alaris says it's in talks to acquire a business in the UK. While it gave no additional detail, it's on the record saying that it wants to further strengthen its radio frequency and microwave electronic design and manufacturing capabilities - ideally through an acquisition.

Read on for more.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect

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