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Good Morning Voornaam,

Today is a bit like those weird days between Christmas and New Years when you aren't sure what day it is, who you are or even why you are. Well done for including some routine in your day and opening Ghost Mail.

Here's a suggestion: kick off your day with this excellent article from Trive South Africa on the luxury goods industry, including technical and fundamental analysis on the major global players.

Podcasts and videos

Let's get straight into the multimedia list today, with a few options to keep you busy:

Listen to the latest episode of Magic Markets, featur ing Dino Zuccollo of Westbrooke as well as Matthew Norwood-Young and Peter Little of Anchor Capital as our guests. We had a well-rounded discussion on the use of alternative assets in portfolios.
Watch TreasuryONE's latest video on macroeconomic drivers in the market, including local CPI and US data.
Listen to my interview of Purple Group CEO Charles Savage in this Ghost Stories podcast, as we dis cussed the latest results and unpacked the key drivers of the EasyEquities business.
If you've never listened to Ghost Wrap, today is a great day to start. This weekly podcast is 7 - 9 minutes long and covers the most interesting stories of the week. Brought to you by Mazars, you'll find the latest episode here.

Remember, you can subscribe to these podcasts on your podcast player of choice to ensure that you don't miss any updates!

20% of nothing is still...wait for it...nothing

I'm not sure how much more the Steinhoff board can really do here to get the point across. They keep telling the market that the shares are worthless. In response, people keep speculating in the shares. It's a game of musical chairs really, with the music being bids in the market. When that music stops, whoever holds the shares is in trouble.

The latest announcement gives shareholders a decent overview of the process, along with a note that once again confirms that there is no equity value in the company.

In other news, Life Healthcare is still weighing up a potential sale of the offshore unit and the share price volatility over the past year has been enough to send anyone to the ER. We also saw updates from Grindrod Shipping, Kibo Energy, Kore Potash, MC Mining, Orion Minerals, Renergen and Royal Bafokeng Platinum.

You can get all of this and more in Ghost Bites this morning>>>

DealMakers

Weird Friday or normal Friday - it makes no difference to DealMakers. Aside from the usual summaries of local M&A and corporate activity, as well as deal activity in Africa, there's a piece on competition law developments in Africa. If you're interested in corporate finance, these articles are always worth a look.

Mixed signals and uncertainty

With renewed questions around the banking sector in the US, TreasuryONE notes that trade has been erratic. Gold and the US dollar didn't move in tandem, which is unusual. The rand came under pressure, possibly due to position squaring ahead of the long weekend. Risk sentiment is against the rand at the moment, so volatility is to be expected.

With that, I wish you an excellent long weekend!

Ghost Bites (Grindrod Shipping | Kibo Energy | Kore Potash | Life Healthcare | MC Mining | Orion Minerals | Renergen | Royal Bafokeng Platinum | Steinhoff)

Aside from a number of mining updates, there was news of Grindrod Shipping selling ships and paying down debt, Life Healthcare still mulling over a deal and Steinhoff reminding us that there's no value.

Who's who in the bling industry?

With luxury goods firmly in vogue, Trive South Africa takes a look at the fundamental and technical drivers of the world's most important luxury goods companies.

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 did what this week across the African continent?

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

Competition law developments in Africa

2022 was another busy year for competition regulators across Africa.

Magic Markets Ep122: Anchoring Alternative Assets

Dino Zuccollo from Westbrooke is joined by Matthew Norwood-Young and Peter Little of Anchor Capital, bringing the number of guests on this show to three! We had a well-rounded discussion on alternative assets and their place in portfolios.

Listen Now

Ghost Wrap #21 (Clicks | Nu-World | Purple Group | Cashbuild | Oceana | Raubex | Mining Production (BHP + Glencore + Merafe + Sasol + Royal Bafokeng) | Standard Bank)

This week's Ghost Wrap lays bare the impact of load shedding and inflation on a number of businesses, both good and bad. Look out for major retail, mining and financial services news in this episode.

Listen Now

Ghost Stories #12: A Market Thriller with a Future in Manila (with Charles Savage)

Purple Group CEO Charles Savage joined me to unpack the interim results that set Twitter on fire with commentary. Elevate yourself from the noise and form an objective view through this podcast.

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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