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Good Morning Voornaam,

Get your new week off to the right start by making sure you're up to speed with the most interesting stories on the JSE. Ghost Wrap needs just 8 minutes of your time to update you on Woolworths, Shoprite, Liberty Two Degrees, Spur, AVI, British American Tobacco, Anglo American and ArcelorMittal. Brought to you by Mazars, you'll find it here>>>

Did you miss out on bizval's webinar last week? If you're an entrepreneur and you want to understand exactly how (1) sales and (2) other important layers add to the value of a business, then be sure to watch this recording>>>

Episode 135 of Magic Markets is a review of the latest trades made in our portfolios. Focusing on global stocks, we talked about all kinds of stocks ranging from the likes of Apple and Microsoft through to TripAdvisor and Carnival Corporation. Find it here>>>

A solid set of numbers at Woolworths

Adding its voice to the recent updates in the retail sector, Woolworths came out with a decent set of numbers that showed an interesting acceleration in the local Woolworths Food business in the second half despite load shedding. Fashion, Beauty and Home couldn't pull off a second half acceleration, though it still grew during the tough months. With David Jones now a discontinued operation, the Australia and New Zealand numbers are all about Country Road Group.

In other retail news, there's a new management team at Spar. This includes an internal appointment to the CEO role and a particularly interesting COO appointment that demonstrates the "turnaround" nature of Spar at the moment. In other management news, Netcare's long-standing CEO has indicated that he will be retiring next year.

Other news in Ghost Bites this morning includes the AYO circular for the GEPF repurchase, a potential acquisition by Clientele, tou gh news from Delta Property Fund, ship transactions and some numbers from Grindrod Shipping, a strategic update at Old Mutual and the timing of financial results at Salungano. Get all of it with a single click in Ghost Bites here>>>

Volatility in the rand

TreasuryONE notes that we saw a yo-yo day for the local currency on Friday with a 40-cent range. The rand came close to reaching R18.00 to the dollar after a week that included interest rate increases by the Fed and ECB, as well as the Bank of Japan adjusting its yield curve control policy and promising more flexibility. But after the release of the Core PCE index in the US, the Fed's key inflation indicator, the dollar weakened based on the index printing below expectations and the rand strengthened to R17.58.

We have another busy week of data ahead, including US payroll figures on Friday and Manufacturing and Service PMI data. The RBA and BoE are both expected to hike rates. First up, we have Q2 GDP data for the Eurozone and manufacturing data out of China. With the rand currently in a range of R17.50 to R18.00, there is potential for significant volatility this week.

Have a great Monday!

Ghost Bites (AYO | Clientele | Delta Property Fund | Grindrod Shipping | Netcare | Old Mutual | Salungano | Spar | Woolworths)

Woolworths was the biggest story of the day with a trading update for the financial year. Spar has new management and Netcare needs need management. Clientele is looking at an acquisition. All this and more in Ghost Bites.

Ghost Global: Hunting for Green Flags

Red flags are tricky to spot. So are green flags, or reasons to invest in a company and believe in the long-term future. Here are two examples of green flags, using global case studies.

Ghost Wrap #35 (Woolworths | Shoprite | Liberty Two Degrees | Spur | AVI | British American Tobacco | Anglo American | ArcelorMittal)

Ghost Wrap is your weekly update of the most interesting stories on the JSE, brought to you by Mazars. I cover eight companies in as many minutes!

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Magic Markets Ep135: Our Recent Trades

We used Episode 135 as an opportunity to talk through some of the trades we've each made in our portfolios recently. We focused on global stocks in this show, with reference to Magic Markets Premium research where applicable.

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Ghost Stories #17: Investing with Impact (with Grant Field, CEO Fedgroup)

Grant Field, CEO of Fedgroup, joined me to talk about their impact investing platform and how this offers and exciting and accessible entry point into alternative assets. I highly recommend giving this a listen.

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