Posts by: The Finance Ghost
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Fireside chat with TreasuryONE and The Finance Ghost
Wichard Cilliers and Andre Botha of TreasuryONE made themselves available for this excellent fireside chat, answering questions about everything from forex to interest rates. Watch the recording here.
Ghost Bites (Emira + Transcend | Libstar | Sibanye | Transpaco)
Emira wants to take Transcend private and won’t be paying a premium to the current price. Libstar and Sibanye have both suffered significant earnings drops, while Transpaco is headed in the right direction.
Ghost Bites (Attacq | Castleview + Collins | Curro | Jubilee Metals | Kore Potash | RMB Holdings | Salungano | Thungela)
Property and mining updates dominated the day, with Curro as the only major story outside of those sectors.
Knowledge is power when it comes to using structured products
From a specialised, exotic investment tool, they are now mainstream, and financial advisers are now more comfortable about investing in them on behalf of clients.
Ghost Bites (Aveng | BHP | Bidvest | Murray & Roberts | NEPI Rockcastle | Spur | WBHO | Wesizwe | Woolworths)
On a busy day of news, we saw construction come through strongly alongside property, industrials, retail and of course the joy of hamburgers and waffles.
Ghost Bites (Accelerate | Adcock Ingram | Bidcorp | DRDGOLD | Harmony Gold | RCL Foods | Rebosis | RMB Holdings | Sasol)
It was a good day for gold miners and companies like Bidcorp and Adcock Ingram with solid numbers. RCL Foods cannot say the same. Look out for results from Sasol as well. Accelerate Property Fund, Rebosis and RMB Holdings all announced disposals.
Sasol delivers on guidance despite ongoing headwinds
Sasol has released financial results for the year ended June 2023, delivering on guidance despite ongoing headwinds.
Ghost Bites (African Rainbow Minerals | Blue Label Telecoms | Momentum Metropolitan | South32 | Workforce)
Look out for mining updates from African Rainbow Minerals and South32, along with earnings from Blue Label Telecoms, Momentum Metropolitan and Workforce.
Ghost Bites (AngloGold | Capital & Regional | Grindrod | Northam Platinum | STADIO)
Grindrod and STADIO released really good numbers. Northam Platinum gave full details on impairments. AngloGold put a mine on care and maintenance. Growthpoint took a big piece of the Capital & Regional equity raise.