Yesterday was a massive day on the JSE, both in terms of news and trading activity. The JSE All Share closed a whopping 3.27% higher, which is a serious daily move. The Resource 10 Index jumped 5.2%, which is more than the average money market fund will pay you to hold your money for a year.

Before you get too carried away with a champagne breakfast this morning, I must point out that the Resource 10 Index is down around 16.7% over the past 30 days. It needs several more excellent days before investors finish licking their wounds. If the resources sector interests you, make time to watch the Unlock the Stock presentation and Q&A session with the management team from Tharisa pl c, a JSE-listed co-producer of PGMs and chrome concentrates.

Moving on to company news, we saw another French kiss come through for MultiChoice. Groupe Canal+ now holds over 20% in the group that owns DSTV, which continues to raise questions about what the intention is here. You don't build a 20% stake without a plan!

In another spectacular example of how the British simply have no filter (which perhaps explains Boris), we saw a "put up or shut up" announcement from Mediclinic (which is incorporated in the UK). This rude-sounding announcement relates to the need for a potential acquirer to get on with it and either make a firm offer or go away, a concept enshrined in UK company law.

Remgro and the wealthy Swiss family behind MSC Mediterranean Shipping Company made an offer for Mediclinic in early June that the board rejected. If at first you don't succeed, try another four times! A potential offer price for the shares that is satisfa ctory has finally been put forward to the Mediclinic board. Now we just need to wait and see if the billionaires actually "put up" and make a firm offer.

In other corporate finance news, Bidvest acquired a facilities management business in Australia, Prudential Financial looks set to go ahead with a partial offer for Alexander Forbes and Sirius Real Estate has sold a business park in London for an impressive profit.

You can get all these details and more in Ghost Bites today. Seriously, if you are opening Ghost Mail every morning and not clicking through to Ghost Bites, you are doing yourself a great disservice by not getting the full fat version of my work.

As is always the case on a Friday, you'll also find the excellent work from the DealMakers team. This summarises the week's activity on the JSE and in Africa and also features an interesting article by Paul Miller on how to stem the tide of delistings on the JSE.

The team from TreasuryONE shared the below chart with me yesterday and I found it really interesting, as they do independent analysis of various cash management solutions in the market. Managing excess funds properly is such an important way to boost profits and maximise the potential of your balance sheet. Visit this link to find out more.

Moving on to the daily currency and commodity updates, TreasuryONE reiterates my point that resources haven't done well in the past month, with the Bloomberg commodity index in a bear market. The index is back to December 2021 levels, bringing some relief to inflationary pressures. Oil rose by over 5% yesterday, which isn't great news unless you're a Sasol shareholder. Copper also jumped over 5% and palladium had a great day too.

Gold was flat (obviously). Sigh.

The dollar wrecking ball took a breather yesterday, with most currency pairs trading in a range. The rand traded between R16.71 and R16.81 and even the GBP managed to improve despite the leadership crisis in the UK. The big data release today is the US non-farm payroll print, with a stronger number likely to give further support to the dollar.

Remem ber, we have an awesome webinar to look forward to next Thursday at 9am with Andre Cilliers, Currency Strategist at TreasuryONE. The topic is "Recession, depression and the insane petrol price: what does this mean for the rand?" and attendance is absolutely free. SIGN UP HERE TO ATTEND >>>

Finally, to keep you warm this weekend and remind you that there are many ways to make money, we have a brand new episode of Magic Markets featuring Harry Scherzer from Future Forex. Crypto arbitrage is a way to lock in a return without taking any directional exposure to crypto itself. This trade simply uses c rypto as a means to an end, potentially delivering an 80% annual return on your money. This is achieved by cycling through your annual foreign investment allowance. To find out more, be sure to listen to this episode of Magic Markets.

Have a lovely weekend and enjoy all the sport!