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Good Morning Voornaam,

For many of you, things slow down after today. Take the opportunity to learn about the global companies you've always been interested in, along with a few you haven't thought of. Get ready to trade and invest with confidence in 2023 by learning from your favourite ghost and Mohammed Nalla on the Magic Markets Premium podcast, with around 60 reports now available in the library. For just R99/month or R990/year, it also makes a great Christmas gift! Subscribe here>>>

Ghost Bites:

Adcorp is giving up on allaboutXpert Australia, placing the busin ess into voluntary administration
There's finally a firm intention announcement to acquire and delist Alviva, with the consortium offering R28 per share
In Brimstone's voluntary NAV update, we see an 11.7% decrease in the intrinsic NAV per share over nine months
Ellies is a group in transition, and they really don't have any time to waste, with losses mounting
Mpact is investing R1.2 billion in Mpumalanga, a direct benefit of our fruit export sector

With an interesting mix of news this morning, Ghost Bites is a great read>>>

If you haven't gotten around to it yet this week, remember that the Ghost Wrap podcast brings you a whirlwind upda te on the likes of Spar, Equites, Absa, Italtile, Fortress, Thungela, Kumba and Gemfields in under eight minutes. Brought to you by Mazars, this podcast is a favourite for busy people>>>

Never a dull moment

Let's start with the Fed, which raised the benchmark rate by 50 basis points in line with expectations. The median year-end 2023 prediction for the federal funds rate has increased to 5.1% and the estimate for the end of 2024 is 4.1% inflation.

TreasuryONE also h ighlights that locally, the rand spiralled on the news that Andre de Ruyter has resigned as CEO of Eskom. This reversed much of the benefit of the softer CPI number in the US and a positive outcome in President Ramaphosa's battles, with the rand trading at around R17.25 to the dollar.

DealMakers

With a public holiday tomorrow, DealMakers is a day early this week. Aside from the usual summaries of local M&A, African M&A and local corporate finance action, there are three other pieces to enjoy:

Appropriate regulation is needed to help address SA's power crisis
A technical legal look at corporate governance considerations for boards overseeing offshore entities
Regulatory aspects related to simple agreements for future equity (SAFEs), which have become common in the venture capital space

Magic Markets - you don't want to miss this

We are thrilled to release a very special episode of Magic Markets with an excellent international guest. Marko Papic is well known in the geopolitical space and with good reason, having written Geopolitical Alpha and travelled the world as part of advising large pension funds and institutions.

In this fantastic episode, we talked about his (often unorthodox) views on the likes of China, oil prices, Russia-Ukraine, European energy and the multi-polarity of modern geopolitics.

You cannot miss this show. Listen to it here>>>

Going direct

Finally, make some time today to watch the recent bizval webinar on building a direct-to-consumer business. Together with the founders of Desray and Silvery, we unpacked many of the challenges facing online retail businesses.

Learn from the people who have the scars to prove their experience by watching this recording>>>

With that, I wish you a safe long weekend!

PS: everyone has heard the Jenna Ruyter joke, please refrain from using it around the braai this weekend...

Ghost Mail (Adcorp | Alviva | Brimstone | Ellies | Mpact)

Adcorp to shut down allaboutXpert Australia. There's a firm offer for Alviva. Brimstone releases its NAV update. Ellies is a group in transition. Mpact to invest R1.2 billion in Mpumalanga.

Going direct: building a direct-to-consumer retail business

In the busiest season for retailers, we were grateful to host two successful entrepreneurs who gave us their time to share insights into building a direct-to-consumer business.

Who's doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies

Weekly corporate finance activity by SA exchange-listed companies

Mantengu Mining has completed a rights offer raising R15 million. Of the 15 million offer shares, shareholders subscribed for 22.31% with the remaining 77.69% of the rights offer shares allocated to the underwriters. As part of its capital optimisation st

Who's doing what in the African M&A space?

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

Appropriate regulation is needed to help address SA's power crisis

Action is urgently needed to create enabling policies and regulations to liberalise South Africa's energy market and kickstart major investment.

Thorts: Corporate governance considerations for Boards of Directors overseeing entities outside of South Africa

Financial assistance resolutions remain the cause of many sleepless nights for attorneys and their clients.

Food for thought: SAFEs and regulatory aspects

Entering into a SAFE, while relatively simple on the face of it, requires long-term thinking to ensure that both founder and investor are protected.

Magic Markets Ep106: Global View with Marko Papic

This is an absolute must-listen, featuring international geopolitical analyst Marko Papic and his (often unorthodox) views on China, energy, Europe and so much more.

Listen Now

Ghost Wrap #5 (Spar | Equites | Absa | Italtile | Fortress | Sanlam | Transnet and Thungela / Kumba | Gemfields)

This whirlwind update on 10 companies is the best way to spend your coffee break. Learn about retail, property, banking, mining and more.

Listen Now

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Disclaimer

Our content is intended to be used and must be used for informational purposes only. You must do your own analysis before executing any investments or strategic decisions, based on your own circumstances. We do not provide personalised recommendations or views as to whether an investment approach or corporate strategy is suited to the needs of a specific individual or entity. You should take independent financial advice from a suitably qualified individual who gives due regard to your personal circumstances.

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