The JSE eked out small gains on Friday after a volatile week for equity markets due to inflation concerns in the US.

The JSE's gains were supported by a rise in Richmond's share price to a new high after it proposed doubling its annual dividend due to solid cash flow and the attractive long-term prospects for the industry. Meanwhile, Dis-Chem and Investec reported improved second-half earnings as their operations recovered from the impact of Covid-19

Pan African Resources has increased its full-year production guidance despite the impact of the pandemic on its operations. And Afrimat is expanding its portfolio of bulk commodities with a foray into manganese mining.

In Episode 26 of Magic Markets, Mohammed Nalla (Moe-Knows.com) and The Finance Ghost explain how inflation affects valuations and some of the techniques available to help mitigate the impact.

Finally, in The Week Ahead, Chris Gilmour looks back at what drove equity markets last week, including those inflation concerns in the US, and what to watch out for in the days ahead.

Have a good week.

Stephen Gunnion

Managing Editor, InceConnect