| News from mining companies dominated SENS yesterday - and also resulted in some big share price gains. Impala Platinum was the biggest winner, surging 11%, after announcing an early redemption for some of its convertible bonds. With strong rand prices for platinum group metals, it has cash. By buying the bonds back rather than converting them to equity when they mature, it means shareholders won't be diluted. Anglo American Platinum was also up strongly after it revised its production guidance for the year - but upwards this time. That's after it managed to fix a faulty unit at its processing operations in Rustenburg quicker than expected. Not such good news from MC Mining, however, which announced that acting CEO Brenda Berlin will step down next February. Miningmx wrote that the news was a bit of a surprise as Berlin told the specialist mining site in September that she hoped to go permanent. Staying with the resources sector, Ingham Analytics' latest Mining Monitor looks at the strong run copper has enjoyed. In the fourth Magic Markets podcast, Pension Tension, The Finance Ghost and Mohammed Nalla are joined by exchange-traded fund expert Nerina Visser to discuss the rules around retirement savings and the recent noise around Regulation 28, which limits offshore investments for pension funds. It's a slightly more technical podcast than normal - but an important one if you care about how your retirement savings are invested. And Rand Swiss wealth manager Viv Govender poses the question: Is it time to buy South African property? And, if so, how should you do it? All that and more in today's newsletter. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics In their latest Mining Monitor entitled "Dr Copper gives a diagnosis" Ingham Analytics say that copper, along with other industrial and agricultural commodity prices, has been on a strong run. How to play this? What about BHP or Rio Tinto? Are pure plays or even an ETF worth a look at? For those investors interested in the local banking sector then "Froth back?" (on Capitec) and "Neither a borrower nor a lender be" (a macro note that also suggests how to trade the sector) are timely. | 