| It will be interesting to see how shareholders react when Tongaat Hulett resumes trade this morning, almost eight months after it asked for its shares to be suspended. Since then, a probe by PricewaterhouseCoopers Advisory Services has uncovered dubious accounting practices, forcing it to restate prior year results. It plans to pursue claims against former executives including former CEO Peter Staude, who may have inflated profit to boost their own financial incentives. Apart from interim results on Friday, other factors that are likely to influence its share price are the possibility of a rights issue to help reduce its debt to levels agreed with its bankers and a plan to lease some of its sugar-producing land to Black farmers. Sasol, which released a trading statement on Friday, knows only too well how disappointed shareholders react. Its shares sank as much as 12 percent after it warned of a big drop in first-half earnings, partly due to its Lake Charles Chemicals Project in the US. Its shares are down 21% so far this year and have toppled 44% since the beginning of 2019 due to the ongoing problems at Lake Charles and the weak macro environment. One company that continues to astound by growing earnings despite adversity is Hudaco. While Sasol was one of the biggest losers on Friday, it was one of the winners after reporting its full-year results. More on those to follow, along with the latest on Investec's plan to demerge its asset management business, now renamed Ninety One, and list it in London and Johannesburg. Also, Momentum Metropolitan has completed the acquisition of Alexander Forbes' short-term insurance business and MC Mining has announced the departure of CEO David Brown. Glencore releases its full-year production report tomorrow and you can expect more of those, as well as trading statements, ahead of the reporting season, which starts in earnest later this month. I hope you have a good week. Stephen Gunnion Managing Editor, InceConnect | 