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In this episode of Ghost Wrap, I covered these important stories on the local market:
- Transaction Capital didn’t get quite as much as it hoped for the WeBuyCars shares, but still raised over R900 million at what seems like a good price. The group has also announced the sale of Nutun Australia.
- Sun International had some bright spots in 2023 and could really do with reduced load shedding as it gears up for the Peermont acquisition.
- Thungela is as cyclical as can be and has expanded into the Australian market – yet the capex split still tells a story of a predominantly South African group.
- OUTsurance reported a mixed bag of numbers and decent dividend growth overall, with significant attention on whether the push into Ireland will work.