View in web browser

Good Morning Voornaam,

The next webinar available for Ghost Mail readers will be presented by the team from TreasuryONE. Scheduled for next Wednesday, 7th December at 9:30am, the team will examine the likelihood of a recession in 2023. Don't miss it! Register for free here>>>

Ghost Bites

Emira released a pre-close update with negative reversions still in play
HCI recorded a huge jump in profits - being in gaming, tourism and coal was a good story this year!
Murray & Roberts says bye-bye, Bombela
Nampak is an example of when bad balance sheets happen to good people
Sasol dropped 4.5% after releasing a trading statement with worrying commentary

It was an incredibly busy day of news on the JSE, with updates also coming in from the likes of Resilient REIT, Lighthouse, Ethos Capital, Fortress and many others. Catch up on all of it with Ghost Bites>>>

And for a more global flavour, get the latest updates on Disney and Warner Music Group in this week's Ghost Global>>>

One country, one rand, one pain

An entire buck. That's how much the rand almost lost against the dollar yesterday, moving between R17.07 and R17.95 as rumours ran wild about a potential resignation by President Ramaphosa in the wake of the Phala Phala scandal.

In the US, TreasuryONE highlights commentary from Jerome Powell that interest rate increases could be smaller going forward, which put the US dollar under pressure. The rand didn't get any of that benefit for the reasons mentioned above. The Fed comments gave gold a shot in the arm, taking it close to the $1,800 level.

It's Friday - and that means DealMakers!

In addition to the latest summaries on South African M&A, African M&A and South African corporate activity, the team has included some interesting articles for you to consider this morning:

The Competition Commission has warned that it will be vigilant in identifying more notifiable mergers
The carbon conundrum of investing in energy in Africa
Is it time to have a Kenya-Mauritius double taxation agreement?

Podcasts for the weekend

The news covered in Ghost Wrap this week is still relevant, with the six-minute show dealing with updates from RFG Holdings, Prosus, Quantum Foods, Fortress REIT, Mr Price, Telkom, Pepkor and Bidcorp. Listen to it here before the next edition is released on Monday. Ghost Wrap is brought to you by Mazars.

In a fresh episode of Magic Markets, we used the opportunity to talk about some of the analysis we do in Magic Markets Premium. This includes concepts like the importance of a bear case and bull case, the relevance of insider selling, the approach taken in financial and technical analysis and our view on quarterly reporting in the US. Listen to Episode 104 here>>>

Have a great weekend!

Ghost Bites (Emira | HCI | Murray & Roberts | Nampak | Sasol)

Emira gave a pre-close update. HCI records a huge jump in profits. Murray & Roberts to sell stake in Bombela. Nampak: when bad balance sheets happen to good people. Sasol drops after releasing a trading statement.

Ghost Global (Disney | Warner Music Group)

In updates from two of the biggest media companies in the world, we take a look at the change of management at Disney and the solid growth in music revenue that is powering Warner Music.

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

Weekly summary of corporate finance activity by South African exchange listed companies

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

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

Competition Commission aims to capture more notifiable mergers

The Commission has warned that it will remain vigilant in identifying small mergers that require notification.

Investing in Africa energy - the carbon conundrum

Just as Europe doesn't "un-develop" itself by switching off gas, Africa cannot keep itself under-developed by forgoing all carbon-based fuel investment opportunities.

Thorts Africa: Is it time to have a Kenya-Mauritius double taxation agreement in force?

Double taxation agreements (DTAs) are an important consideration for investors.

Ghost Wrap Ep 3 (RFG Holdings | Prosus | Quantum | Fortress | Mr Price | Telkom | Pepkor | Bidcorp)

It takes just six minutes to get up to speed on eight of the most important stories on the JSE last week, brought to you by Mazars.

Listen Now

Ep104: What's going on inside Premium?

We discuss some of the critical analysis we do in Magic Markets Premium, ranging from the bear case vs. bull case to fundamental and technical analysis. Come learn how to analyse companies.

Listen Now

You should expect us in your inbox Monday – Friday. If you don’t receive an email, please check your spam, or junk folder and “move us” into your primary inbox to ensure you get it each morning.

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.

Whilst every care is taken, we accept no responsibility or liability for any errors or omissions in any of our content.

The views, thoughts and opinions expressed in our content belong solely to the author or quoted individuals and/or entities, and not necessarily to the author's employer, organisation, committee or other group or individual, or any of our affiliates or brand partners.