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: Mr Price released results that I felt were rather poor, yet the market took the stock over 8% higher by the close on the day of release. Either I'm wrong, or the market is wrong. Listen to my reasoning and decide for yourself. Southern Sun and City Lodge are enjoying a resurgence in demand for hotel rooms, with the former doing as well as I expected and the latter surprising me to the upside. Sirius Real Estate executed a successful capital raise on the market, demonstrating that investors are highly supportive of the strategy. African Rainbow Capital has made sure once and for all that I'll never touch the company with my money, as the latest capital raise is highly painful for minority shareholders. Sibanye-Stillwater incurred the wrath of investors with the news of a convertible bond capital raise, but did the market overreact to this news?  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.