Welcome to Ghost Wrap. It's fast. It's fun. It's informative. In this week's episode of Ghost Wrap, we cover: Nedbank's operational update, reflecting strong growth in headline earnings and a warning about further interest rate increases, along with the news of Mike Brown stepping down as CEO. An awful week for Spar shareholders, with the stock now trading at levels last seen in 2011. Hudaco's acquisition of the Brigit group of fire protection companies, featuring a surprisingly high valuation multiple. Tough results at Pepkor and more resilience in the share price than I expected. Sirius Real Estate refinancing debt and showing an increase in the cost of debt that will be a feature of offshore property funds going forward. A nasty sell-off in Tiger Brands despite a modest increase in HEPS under difficult circumstances. The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.