Ghost Wrap #56 (Purple Group | Spar | Pepkor | Bidvest | Attacq)
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Description
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: Purple Group may be loss-making, but the revenue resilience in a near-impossible year is a strong tick in the box for this story. Spar has hopefully signed off on the worst year that the company will ever experience, with several own goals and the suspension of dividends. Pepkor has a reputation as a defensive retailer, but that doesn't seem appropriate based on the underlying businesses. Bidvest gave the market a fright with its recent commentary about pricing pressure, leading to a sharp correction in the share price. Attacq is an excellent reminder that the old adage of "location, location, location" applies to REITs as well.  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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