In a country where the sun shines and the wind blows, renewable energy has been an important part of South Africa's story. These deals tend to require bespoke funding structures, as they are essentially infrastructure deals with long-dated cash flows. To dig into this space and get a flavour of the funding approaches out there, you can read this article by Johan Marais and Taona Kokera of Forvis Mazars.
Keen to learn more about trading and how traders (and investors) use charts to make better decisions? IG Markets South Africa has given us a great piece on moving averages and why they are a useful tool to add to your toolbox.
In company news, Altron seems to be executing quite the turnaround. Although the numbers are a bit complicated due to asset disposals and discontinued operations, the underlying story is one of growth in the annuity businesses - and that's exactly where you want to see an uptick.
Over at Redefine, I'm afraid that the property boom isn't really playing out for them. Interest costs and ongoing weakness in the office portfolio are leading to disappointing numbers, including expectations for the year ahead which show only modest growth.
Other news includes disposals by AECI and Anglo American, as well as numbers from Collins, enX, Exemplar, MTN Uganda and Oando. Discovery gave a presentation to debt investors that I think is worth a read.
For details on these stories plus director dealings and the other Nibbles, read Ghost Bites here>>>
In case you missed it recently, the latest Ghost Wrap episode needs just six minutes of your time to get you up to date on Clicks, Dis-Chem, The Foschini Group and Cashbuild. Find it here>>>
I highly recommend Investec's No Ordinary Wednesday podcast hosted by Jeremy Maggs, with the latest episode featuring Cumesh Moodliar and Ruth Leas of Investec. They shared their key insights from the recent IMF and World Bank meetings. You'll find it here>>>
Have a great day!
