Ghost Wrap #48 (Rex Trueform | Barloworld | Spar | Capitec | Vukile + Attacq)
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Description
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. Rex Trueform has been rather dreary, but the latest acquisition is objectively exciting. Barloworld remains a great way to compare industrial business fundamentals to consumer-facing fundamentals, with a particularly shocking outcome when comparing profit trajectory in Russia vs. the local consumer business. Spar's latest results were boosted by the weak rand, with the group now deciding to exit Poland and focus on the core business. Capitec is under pressure on the HEPS line, with the efficiency ratio needing to be interpreted very carefully. After negative recent outlooks from major property companies, it's encouraging to see expectations of growth from Vukile and Attacq. 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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