Sunday, August 3, 2025

DealMakers

Artificial intelligence isn’t emotional intelligence: you have (not) been warned

We’ve slapped warning labels on everything from cigarettes to vodka to energy drinks. But when it comes to one of today’s biggest threats to mental health, the packaging is spotless. No disclaimers, no alerts -  just a friendly blinking cursor and a "therapist" that wants you to keep talking. Dominique Olivier unpacks a worrying use case for AI.

Ghost Bites (AB InBev | Anglo American | ArcelorMittal | British American Tobacco | Gemfields | Hammerson | Mondi | MTN Nigeria | Woolworths)

AB InBev got dumped, while the market celebrates British American Tobacco - but why? Anglo American is in the doldrums and ArcelorMittal is losing money at pace, while auction revenues have halved at Gemfields. Woolworths, MTN Nigeria and Hammerson are good-news stories, with positive trends at Mondi as well.

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 and debt financing space?

Weekly summary of all M&A, financial and debt market activity from across Africa (excluding South Africa)

Gearing up towards China’s red-letter day?

By balancing risk with risk mitigation tools and capital protection, structured products linked to a broad index like the CSI 300 could offer both a protected pathway into the Chinese opportunity and strategic portfolio diversification. Investec takes you through their latest offering.

Ghost Bites (Accelerate Property Fund | AECI | Astoria | Brimstone | Glencore | Orion Minerals)

Glencore's production update shows a nasty drop in own sourced copper. AECI's turnaround is making good progress. Brimstone has been boosted by Sea Harvest. Accelerate Property Fund remains highly speculative. Orion Minerals released a quarterly report. Astoria is reducing its stake in OIH.

Ghost Bites (Boxer | Greencoat | Kumba Iron Ore | Shaftesbury)

Boxer's performance has accelerated despite negative food inflation. Kumba Iron Ore's self-help strategies are paying off. Shaftesbury is partying it up in London's West End. Greencoat wishes there was more wind.

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