Welcome to Ghost Wrap, your regular update on the most interesting company news in the South African market. In this episode of Ghost Wrap, I recapped five important stories on the local market: Santova is a reminder that even the best cyclical companies are still subject to big moves in these markets. Spear REIT is one of the most respected property funds on the local market, but debt costs are biting. Bytes Technology is an excellent example of how you can give your money a passport right here on the JSE. Super Group has had a really successful debt raise on the JSE, which is good news for shareholders as the cost of debt directly impacts equity returns. Clicks has put in a decent performance in this financial year, but I remain weary of paying top dollar for a business that can still be disrupted. 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.