Ghost Wrap #30 (Afrimat | AngloGold | Harmony Gold | Growthpoint | Mr Price | FirstRand | Standard Bank | Steinhoff)
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Description
Welcome to Ghost Wrap. It's fast. It's fun. It's informative. In this week's episode of Ghost Wrap, we cover: Afrimat is acquiring Lafarge South Africa, a deal announcement that came against a backdrop of disappointing recent performance across the local cement industry. AngloGold is a perfect example of why I think gold stocks are for trading rather than investing. Harmony Gold is trying to wave the flag for the sector, though the move into copper says something about gold mining in general. Growthpoint gave the market an honest assessment of near-term performance in this interest rate cycle and the share price took a knock as a result. Mr Price released a poor set of numbers, raising questions around whether they have lost focus on the core business in a busy period of M&A. FirstRand and Standard Bank are both rewarding shareholders, with surprisingly different pros and cons in the recent numbers. Steinhoff has released possibly its final report as a listed company. 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.
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