The JSE followed global markets weaker yesterday as the second wave of the Covid-19 pandemic continued to make itself felt across Europe and the US. With next week's presidential elections looming and US earnings season also underway, volatility is on the rise.

The local market fell 1.5%, led by a decline in Sasol's share price which tumbled 10% for no apparent reason. Resources companies Exxaro and Glencore were also much weaker.

Santova bucked the trend, jumping 14% after the trade and logistics group reported strong first-half results thanks to its global operations outside SA. Value Group has also done well after adding more customers in spite of the current weak environment. But DRDGOLD's shares fell even after it reported a strong first-quarter and alluded to an interim dividend.

Also today, with US stocks already under pressure, Rand Swiss wealth manager Viv Govender poses the question: Will big tech stocks sink under s tsunami of new regulation?

Finally, FundingHub looks at the finance challenges for small and medium enterprises - and how it can help address them.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect

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The latest from Ingham Analytics

Ahead of the Medium-Term Budget Policy Speech today top trader has sobering analysis to digest in "Sink or swim?" concluding with the message if you wish to have exposure to fixed-income, South Africa is the last place you would want to park your money.

This follows on from "Irish eyes aren't smiling" which draws on latest international data to underscore why you'd also not want to be exposed to the big four SA banks. There is plenty more recent analysis and other topics for interest too.