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 covered these important stories on the local market: Tharisa has PGM and chrome operations, which means the company has two levers to pull in response to commodity prices. enX is selling Eqstra to Nedbank, which has interesting financial and strategic considerations for investors in both those groups. Thungela can't do much about local infrastructure...

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: British American Tobacco is seen as a defensive stock, but I have a different view on it. Absa and Nedbank released updates this week and although Absa's return on equity is likely still ahead of Nedbank, the share price performance this year shows what happens when expectations aren't...

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...

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...

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: NEPI Rockcastle is seen as one of the better REITs on the local market and a recent update shows why. MultiChoice is in for a long journey with Showmax, at a time when the rest of the business is facing substantial other challenges. Santam is focused on repricing risk, which means upward pressure...

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: Bell Equipment can take a bow, with a trading statement showing very strong earnings growth and a few weeks left this year to still achieve a further positive earnings surprise. MTN is a casualty of African currency weakness, which makes it vulnerable to further dollar strength and a slow Chinese...

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: MTN's African subsidiaries are causing headaches right now, with Uganda as the silver lining but too small to make up for the concerns in the others. Woolworths is acquiring Absolute Pets and it's a deal that makes a lot of strategic sense to me. Pepkor is seen as a defensive retailer in South...

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...

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 a week's worth of news across a variety of sectors: PSG Financial Services is making a strong case for itself as an attractive option on the local market. MiX Telematics has attracted an international suitor and the merged entity would be listed on the JSE, so that's exciting news. Karooooo will be sticking to its knitting going forward and...

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 a week's worth of news across a variety of sectors: Famous Brands vs. Spur is becoming a very interesting battle indeed, with the latter as my pick. Sibanye-Stillwater has given the green light to the next phase of the Keliber lithium project. De Beers is really struggling with demand for diamonds at the moment. Mondi has managed to exit...

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...

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. Capital Appreciation's share price has done anything but appreciate this year, with sector peer PBT Group also under pressure. Mustek is proof of how low expectations can help in this environment. Bidvest is executing a bolt-on acquisition in Australia, a traditionally...

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. Libstar is a great reminder of why I'm bearish on SA consumer stocks. Gemfields has reminded the market that the risks extend beyond just the rubies. FirstRand isn't aiming for heroics in this environment, but the share price is demanding more growth. Metair could well be...

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. Bell Equipment has released really strong results, but watch the cash. Transaction Capital's nightmares continue, with news of the departure of David Hurwitz and underlying earnings in a tough spot, sending the share price back below R6. Capitec found some love in the...

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...

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. Cher once asked us if we believe in life after love. I'm not sure about that, but we can believe in life after REIT based on the latest numbers from Fortress. The recent results from Truworths need a careful read based on important and justifiable adjustments, with the...

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, we cover only good news on the local market - isn't that refreshing? An entire podcast of good news! Super Group is living up to its name and with growth in profit in every segment, there's much for shareholders to feel good about here. Grindrod is in a different part of the logistics industry, yet the growth numbers are remarkably similar to...

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, we recap: Strong results at Spur that gave the share price another boost on top of the strong positive response to the trading statement. Earnings growth at Adcock Ingram that benefitted from a "normal" flu season, although other segments were perhaps disappointing for investors. An excellent year thus far for Bidvest, supported by strong earnings...

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, we recap: Aveng's poor recent results and the volatility in the share price around the time of the earnings release. Curro's solid year-on-year growth, driven mainly by pricing increases in tuition fees. Libstar's substantial drop in HEPS, with mushroom production as the biggest problem after the Shongweni facility was destroyed. Transpaco's...

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, we recap a busy couple of days: It's hard to find companies doing well in this environment, but Grindrod is one of them - if only the share price would notice! As expected, there's a further trading statement from Impala Platinum about just how bad things are. Merafe is doing very well, bucking the trend in the mining industry and continuing to...

Welcome to Ghost Wrap, your twice-weekly update on the most interesting company news in the South African market. In this week's episode of Ghost Wrap, we catch up on the public holiday week and the start of the new week across various sectors: In banking, Nedbank and Absa both released earnings that reflect a deteriorating credit outlook, particularly in retail banking in portfolios like home loans. In mining, the cycle has turned ugly for most players, with Exxaro, Northam Platinum,...

Welcome to Ghost Wrap, your twice-weekly update on the most interesting company news in the South African market. In this week's episode of Ghost Wrap, we play rock paper scissors (well, almost): Rock: AngloGold, Pan African Resources and Impala Platinum showing us that times are tough in mining. Paper: Mondi and Sappi reflecting highly cyclical numbers, with Mpact delivering really strong results in this period. Scissors: a sharp set of numbers came in from Spur and Standard Bank. The...

Welcome to Ghost Wrap, your twice-weekly update on the most interesting company news in the South African market. In this week's episode of Ghost Wrap, we cover: Challenges in the gold sector, with AngloGold, Sibanye-Stillwater and even Gold Fields releasing tough announcements. At least Pan African Resources had a good news story this week. The telecoms sector and difficulties in that space, with MTN and Telkom facing different but equally serious issues. The critical importance of the...

Welcome to Ghost Wrap. It's fast. It's fun. It's informative. In this week's episode of Ghost Wrap, we cover: Woolworths reported solid numbers that seemed to be in line with market expectations. Shoprite has blown competitors away with exceptional growth across the LSM curve. Liberty Two Degrees is only a happy story if you're a recent investor, giving us another excellent example of why buying the "hype" sector (in this case property on the JSE in 2015 - 2017) is so dangerous. Spur is...

Welcome to Ghost Wrap. It's fast. It's fun. It's informative. In this week's episode of Ghost Wrap, we cover: Richemont suffered a significant sell-off after releasing numbers that showed negative growth in the Americas. ArcelorMittal experienced incredible volatility after releasing a trading update that anticipates a substantial headline loss per share. Pick n Pay also had a volatile week and is also expecting an interim loss, with pressure on sales in the core business and large...