Welcome to Ghost Wrap, your twice-weekly update on the most interesting company news in the South African market. In this episode of Ghost Wrap, I looked at some of the more interesting stories in a busy few days of news. Bowler Metcalf is evidence of how share buybacks can turn financial water into wine. City Lodge was permanently damaged by the pandemic, but at least the company is profitable again. Shoprite's astonishing performance was blunted by Eskom, which means share price performance is also well off where it should be. The Foschini Group's trading update reflects the impact of pressure on like-for-like sales, a drop in gross margin and debt on the recent acquisition. Bidvest's second half of the financial year was all about generating cash, which was helpful for the dividend payout ratio. AVI's results look good provided you exclude I&J, which tells us something about the different segments in the group. 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.