| Mr Price has been quick to dismiss speculation that it is preparing to buy Jet from ailing retail group Edcon, which went into business rescue a month ago after the Covid-19 lockdown halted a recovery plan. However, it's not clear whether Mr Price has another target in sight. When it announced a planned equity raise last week it said it wanted to have the cash ready so it could be quick to act once something came along. While the retailer is looking to expand, other companies are cutting back. Barloworld is preparing to retrench an unspecified number of workers due to the lasting impact the lockdown is likely to have on its operations. Meanwhile, the lockdown has hampered Old Mutual's sales force, with the result that policy sales - and earnings - will be down this year. And MiX Telematics, which usually gives clear guidance on its expected financial performance isn't even hazarding a guess at this stage. More on all these stories in your final newsletter of the week as well as all the latest mergers and acquisitions news courtesy of DealMakers. Finally, with sports grinding to a halt due to Covid-19 and lockdown restrictions across the globe, there's been a huge impact on the entire value chain affecting athletes, teams, leagues, stadiums, media broadcasters, and fans. Local legends Jean de Villiers and Schalk Burger have found a gap where they are merging technology with good old nostalgia (and a good dose of hero worship) to engage with consumers. They are launching a new sports show, Use It or Lose It, which will air bi-weekly online. The show will be launching soon and is currently free to fans who register online. If you are looking to get your sports fix and want to be among the first to experience Use It or Lose It register here. I hope you have a good weekend. Stephen Gunnion Managing Editor, InceConnect
Take a look at the latest Insights and sector reports From Ingham Analytics. Ingham Analytics issues a Trader note entitled "Illusory value" which tackles the topic of Prosus and by extension Naspers and Tencent. It gives its updated call on Prosus and Tencent as stocks and a revised forecast and valuation on Tencent. The updated values indicate that Prosus and Naspers are at significant discounts to their shareholdings (direct and indirect) in Tencent. Why is this? Is there an opportunity or not? As a trader what is the recommended way to play Prosus and if you're a long-term investor what do you do? Which is the better route to benefit from Tencent growth? And on the subject of interest rates, banking and Covid-19 fallout, Ingham Analytics' recent notes "Say buddy, can you spare a dime?" and "South African Reserve Bank monetary policy emasculated" will be of interest to those readers who have not yet seen them. | 