Ghost Wrap #32 (Spear REIT | Attacq | AngloGold | Brikor | Mondi | Sappi | Telkom | RCL Foods)
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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: Spear REIT released encouraging first quarter metrics overall, but the company certainly isn't immune from the broader macroeconomic challenges despite being focused on the Western Cape. Attacq has agreed terms with the Government Employees' Pension Fund (GEPF) for the acquisition of a 30% stake in Attacq's Waterfall portfolio. AngloGold's restructure into a NYSE-listed group doesn't come cheap, with advisory fees of over R1.1 billion! Brikor has decided to focus on its core brickmaking business, with TCQ Mining taking responsibility for the coal operations and giving Brikor a more stable return on them. Mondi is a step closer to getting out of Russia, with the Gotek Group deal completed and the sale of Syktyvkar still needing to be achieved. Sappi is discussing the future of the Stockstadt Mill with various stakeholders in Germany, as the company doesn't believe that the facility can be sold as a going concern. Telkom's board has rejected the proposal from Afrifund, Axian and the PIC - the consortium led by ex-CEO Sipho Maseko. RCL Foods has suffered a R234 million knock from a special levy by the South African Sugar Association, a direct result of Tongaat Hulett not paying its levies anymore.  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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