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Good Morning Voornaam,

Beehives. Lettuce stacks. Nursery saplings? These are investments too, though it takes a special platform to be able to access them. Fedgroup has built that platform and I must say, it strikes me as a stunning way to get more people interested in investing. To find out more, I welcomed Grant Field (CEO of Fedgroup) to the latest episode of Ghost Stories. He didn't disappoint. Give it a listen here>>>

Here are a couple of other great podcasts to enjoy:

Give me 8 minutes of your time to listen to Ghost Wrap, a whirlwind update on Spear REIT, Attacq, AngloGold, Brikor, Mondi, Sappi, Telkom and RCL Foods. Ghost Wrap is brought to you by Mazars. Find it here>>>
In 26 minutes, you can learn a great deal about (1) competition regulators in the tech industry and (2) why the Microsoft - Activision Blizzard deal is so sensitive, with the FTC in the US not giving up the fight. Justine Brophy of AnBro Capital Investments joined us for this discussion on Magic Markets. Find it here>>>

Looking abroad

It was an incredibly slow day of news on the JSE. So slow, in fact, that by 4pm I decided that I was gatvol o f waiting for something on SENS. Instead, I decided to dedicate Ghost Bites to some of the (far more interesting) international stories that were making headlines. This means that although Ghost Bites kept its signature style, today you'll be learning about excellent numbers at Delta Air Lines, PepsiCo and Swatch. It's refreshing to read about companies doing incredibly well.

Right at the death yesterday, Northam Platinum released production numbers and RMB Holdings released an embarrassing announcement that shows why you should always treat the microphone as hot...

You can get all these details in Ghost Bites>>>

For more insights with global companies as a cas e study, you can also read this article about bolt-on acquisitions and why companies do them. We used the examples of Salesforce and Home Depot, with these groups having taken very different approaches to acquisitions over the years. Read it here>>>

Fridays mean only one thing: DealMakers

As regular readers know, we are treated to the DealMakers summaries every Friday. This makes it incredibly easy to see what you may have missed on the market during the week. You can find summaries on local M&A, local corporate finance and African deals.

The rand is back below R18!

After the release of inflation data in the US, TreasuryONE notes that the rand staged a strong recovery below the R18.00 level for the first time since April 2023. It also moved below the 200-day moving average, which would suggest scope for further improvement. An important point to counter that enthusiasm is that the dollar is in the most oversold position it has been in for a year. This might be too much, too soon for the rand, leading to a period of consolidation ahead of the Fed decision on interest rates later this month.

Gold and Brent Crude had good days, with gold above $1,960 per ounce and oil at $81 a barrel.

Have a great weekend and enjoy the sport!

Ghost Bites - but with a passport (Delta | PepsiCo | Swatch)

With no news of any importance on the JSE by 4pm, I decided to look abroad to where things are actually happening. Here's the latest on Delta Air Lines, PepsiCo and Swatch.

Ghost Global: Go Big or Go Bolt-On

Used correctly, bolt-on acquisitions can be a wonderful way to grow. The deal prices make a huge difference to success, as does having a coherent strategy. Salesforce and Home Depot are useful examples.

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)

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.

Listen Now

Ghost Wrap #32 (Spear REIT | Attacq | AngloGold | Brikor | Mondi | Sappi | Telkom | RCL Foods)

Covering eight companies in fewer than eight minutes, this week's Ghost Wrap covers property, mining, paper and packaging and other industries.

Listen Now

Magic Markets Ep132: Activision Acquisition

With Microsoft's acquisition of Activision Blizzard hanging in the balance, Justine Brophy of AnBro Capital Investments joined us to discuss the role of competition regulators in this space and the broader gaming industry as well.

Listen Now

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