Welcome to Ghost Wrap. It’s fast. It’s fun. It’s informative.

In this week’s episode of Ghost Wrap, we cover these important stories on the local market:

• Afrimat is acquiring Lafarge South Africa, a deal announcement that came against a backdrop of disappointing recent performance across the local cement industry.
• AngloGold is a perfect example of why I think gold stocks are for trading rather than investing.
• Harmony Gold is trying to wave the flag for the sector, though the move into copper says something about gold mining in general.
• Growthpoint gave the market an honest assessment of near-term performance in this interest rate cycle and the share price took a knock as a result.
• Mr Price released a poor set of numbers, raising questions around whether they have lost focus on the core business in a busy period of M&A.
• FirstRand and Standard Bank are both rewarding shareholders, with surprisingly different pros and cons in the recent numbers.
• Steinhoff has released possibly its final report as a listed company.

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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