Friday, September 12, 2025

The Finance Ghost

Ghost Bites (City Lodge | Discovery | FirstRand | Lesaka Technologies | Mantengu)

FirstRand remains an excellent business. The market didn't enjoy the Discovery numbers. City Lodge is showing signs of life. Lesaka Technologies is growing solidly. Mantengu announced a new acquisition.

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)

SA CEOs re-evaluate strategic plans and approach to investments

Complexities of today’s global landscape pose both significant risks and opportunities for CEOs investment and growth strategies.

How AI is revolutionising the M&A deal cycle

AI tools are designed to amplify human judgment, streamline decision-making, and unlock deeper strategic insights across every stage of a transaction.

Ghost Bites (Growthpoint | Metair | Old Mutual | Pan African Resources | Remgro)

Portfolio simplification at Growthpoint is a long slog. Old Mutual was boosted by short-term insurance. Pan African has given strong guidance. Metair is struggling, but surviving. Remgro released a trading statement.

Ghost Bites (Adcock Ingram | Anglo American | BHP | Newpark REIT | SPAR | Super Group | WBHO)

Anglo American's Teck deal is a "merger of equals" - except they aren't equal. SPAR is out of Switzerland, but it stings. Super Group had a tough period. WBHO shows that construction can work. Adcock Ingram released the deal circular. Newpark REIT is selling Crown Mines. BHP has removed one legal overhang.

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