The JSE kicked off 2021 with a 1.8% gain - putting it back within reach of the all-time high of 61,685 it hit three years ago. Reuters credited last week's landmark Brexit trade deal and coronavirus vaccination campaigns for a rally in European shares on the first trading day of the year - although it will take longer for the vaccines to reach South Africa. Still, the sentiment was positive yesterday.

While Sasol's shares rose in early trade after it announced the completion of the sale of its stake in the Gemini high-density polyethylene joint venture in the US, they declined later in the day as the price of Brent crude oil fell. Santam, on the other hand, rose after saying it was going ahead and processing claims for some customers whose businesses were affected by the Covid-19 lockdown.

More on those stories to follow, along with news of Sirius Real Estate's latest purchases as it kicks off the new year on an acquisitive note. Also, Labat Africa's full-year results, which have been well telegraphed to the market.

Finally, Conduit Capital Sean Riskowitz says he won't take any pay until shareholder value in the company has been restored. Perhaps something other CEOs should consider?

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect