Poor old Massmart's troubles have been well documented in Ghost Mail and in the broader market. Game has been a huge headache and the group just hasn't achieved the turnaround that was hoped for. Wholesale changes are on the horizon (see what I did there?), with a change in CEO and a potential offer from Walmart of R62 per share. This is a get-out-of-jail for Massmart shareholders in my opinion, as the group has been deteriorating further and the share price has reflected that reality. For the official announcement from the companies, refer to this article in Ghost Mail.

Although some saw Grindrod Shipping as a potential takeover candid ate and perhaps weren't shocked by the announcement, it really wasn't a great day for the JSE investment universe to see news of this company potentially leaving the JSE harbour. Taylor Maritime Investment Limited has made a non-binding proposal based on $26 per share, driving the share price nearly 20% higher on the day.

In addition to these significant potential delistings, Ghost Bites covers earnings releases from Steinhoff, MAS plc, ADvTECH, Sea Harvest Group, Hulamin and Sun International. Such is the recovery in tourism that Sun International has declared its first dividend since 2016!

Learn with Ghost Mail

• Episode 90 of Magic Markets was a fun discussion with Petri Redelinghuys of Herenya Capital Advisors about some of the stocks in the offshore and local portfolios that they manage on behalf of clients.

• Episode 3 of Ghost Stories was an insightful chat with Carel Nolte of EasyEquities about the insights from the data they have on investor behaviour, including things like popular stocks and the way investors use offshore accounts.

• TreasuryONE's service offering extends well beyond market risk services. In this article, they introduce you to their cash flow forecasting solution.

• DealMakers has released the all-important M&A analysis for the first half of 2022, delivering incredible insights into the deal climate in Africa and where the action is.

Daily Market Wrap with TreasuryONE

Bullish sentiment on the dollar eased during the day, with the rand trading on the front foot yesterday afternoon. We still expect the dollar to remain upbea t as we head further into the week, with European CPI and US non-farm payroll numbers likely to be the highlights.

Brent Crude traded above the $103 mark again as possible OPEC+ production cuts acted as the main driving force. Treasury yields were higher and equities were under pressure across the board.

Enjoy today's content!