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Good Morning Voornaam,

It's Friday and we are the letting the music play in Magic Markets Premium with our latest show: Warner Music Group. Operating in a fast-growing industry that speaks to the core of humanity, the company's relationship with artists is the crux of the business. Does this make it a good investment? Find out by subscribing to our research here>>>

Ghost Bites:

British American Tobacco is reliant on pushing price increases through to a shrinking base of smokers - what happens if they can't anymore?
Re bosis released a business rescue update and reminder us how ugly things are in the portfolio (especially in Office)
Transnet keeps letting Thungela (and all of us) down - and the latest HEPS number is a reminder of just how laughable the valuation was when the company was unbundled by Anglo

For these updates and more, read Ghost Bites here>>>

Also, if you fancy another view on Disney, Chuck Saletta from EasyEquities has written on Disney's recent mess and the change of management. Read his opinion here>>>

TreasuryONE webinar recording: is a recession coming next year?

We had such a great time earlier this week on the final TreasuryONE webinar for the year. We looked at the likelihood of a recession next year and answered some excellent questions from the audience. Make sure you watch the recording here>>>

All eyes are on data releases next week, including US Retail Sales and the CPI print. Positive news from China is giving emerging market currencies and commodities a boost this week, but anything is possible next week, The market is expecting US retail sales to have declined by 0.1% in November.

DealMakers

As always on a Friday, the team at DealMakers takes us into the weekend with summaries on local M&A, African M&A and local corporate finance activity. There are two articles on energy in Africa (on focused purely on energy investing and the other looking at both energy and tech), along with a piece on legal considerations when purchasing a business.

A gift from bizval to entrepreneurs this December

To give you an opportunity to reflect on such a tough year and to celebrate our first few months of operations, we are making bizval live valuations absolutely free to Ghost Mail readers this month.

You just need to use the coupon REFLECT on checkout.

Use the opportunity to value your business and test out our new scenario tool that lets you play around with assumptions t o see the impact on the valuation. If you are an entrepreneur, it would be very silly not to take advantage of this offer!

Find bizval live on this page with our services and go have fun!

Podcasts to get you to the weekend

Ghost Wrap is proving to be hugely popular. Brought to you by Mazars, this is a whirlwind update on JSE stories and my opinions on them, delivered once a week in a 7 - 8 minute podcast. Listen to the latest one here and add it to your podcast playlist>>>

A new ep isode of Magic Markets has also been released, with Petri Redelinghuys of Herenya as our guest for the final time this year. We reflected on 2022 in the markets, including the major themes that played out like energy, inflation and banking. Give it a listen here>>>

And before you go - wouldn't a Takealot voucher do wonders for your Christmas shopping? Stand a chance of winning and have your say in the Alternative Investments Survey presented by Jaltech. You'll also get a free copy of their Alternative Investments and Cryptocurrency Report. Click here to participate>>>

With that, I wish you a terrific weekend. If you'll be at the Cape Town Sevens , keep your eyes peeled for a ghost...

Ghost Bites (British American Tobacco | Rebosis | Thungela)

British American Tobacco needs to keep increasing prices because volumes are falling. Rebosis issued a business rescue and operational update. Transnet keeps letting Thungela down.

Is the Disney Magic Gone?

Chuck Saletta from EasyEquities looks at the change in management and Disney's investment case.

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)

Thorts: Common issues to consider when purchasing a business

The sale and purchase of a business is usually more complex and comprehensive to implement than a sale and transfer of shares and can take longer to complete.

Africa Thorts: Trends in African energy and tech investments

Investors wish to place their money in 'Africa', rather than in any one single market

Africa's Energy Transition - seismic shifts create new opportunities

It is important to note that there are many positives to the energy transition and the development of the new associated technologies for African economies.

Magic Markets Ep105: 2022 Recap with Herenya

Energy. Inflation. China. It's been quite a year! In this podcast, we recap the big themes and talk about next year.

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Ghost Wrap #4 (Sasol | HCI | City Lodge | Nampak | Standard Bank | Property (Vukile / Attacq / Fairvest / Emira / Resilient) | Premier)

With highlights from 11 companies in less than eight minutes, it can only be Ghost Wrap. This podcast is brought to you by Mazars.

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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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