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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 Africa, but does that thesis hold these days?
- Octodec has growth its distribution per share despite a drop in distributable income – what does this tell us about REITs at the moment?
- AB InBev must be cheering on the Springbok celebrations, as beer volumes have been under pressure this year.