Ghost Bites
Ghost Bites (Novus | Prosus | Spear REIT)
Spear REIT announced a meaty property acquisition in Mitchells Plain. Prosus is selling down the Delivery Hero stake. Novus is getting less money for its Print Letting Enterprise.
Ghost Bites
Ghost Bites (MTN – Optasia | Ninety One | Orion Minerals | PSG Financial Services)
PSG Financial Services is shooting the lights out. MTN Nigeria seems to be the source of Optasia's headache. Ninety One's assets were fairly resilient during a tough quarter. Orion Minerals is moving closer to production.
Ghost Bites
Ghost Bites (British American Tobacco | Mahube Infrastructure | Optasia | Southern Palladium)
British American Tobacco has flagged a potentially disappointing year in 2026. Optasia has suffered a setback in Nigeria. Mahube Infrastructure's scheme of arrangement price has been amended at the last minute. Southern Palladium released drilling results.
Ghost Bites
Ghost Bites (Aimia | Schroder European Real Estate | Tharisa)
Aimia's management letter is a great opportunity to learn about the JSE's new kid on the block. Schroder European Real Estate's valuation is still going the wrong way. Tharisa has begun the underground mining transition.
Ghost Bites
Ghost Bites (ASP Isotopes | Emira – Octodec | RMB Holdings | Sirius Real Estate)
ASP Isotopes has a make-or-break year ahead. Emira wants to acquire up to 34.9% in Octodec. The question marks around RMB Holdings continue. Sirius Real Estate had a strong year, mainly thanks to Germany.
Ghost Bites
Ghost Bites (Merafe | Optasia)
There's hope for Merafe, with Eskom agreeing to terms and conditions for the proposed special electricity tariff. Optasia has locked in significant debt funding to support its growth ambitions over the next few years.
Ghost Bites
Ghost Bites (Alphamin | Araxi | Nu-World)
Araxi has released the circular for the R1 billion Pay@ acquisition. Alphamin absolutely printed cash in the latest quarter. Nu-World did very well in Hong Kong of all places.
Ghost Bites
Ghost Bites (Purple Group | RMB Holdings)
Purple Group's flywheel is really spinning now. This is the J-curve in action! At RMB Holdings (RMH), there's a lesson to be learnt around why marketability discounts are practically necessary to take into account.
Ghost Bites
Ghost Bites (CMH | FirstRand | Purple Group)
FirstRand has suffered huge losses from the FCA's motor redress scheme in the UK. Combined Motor Holdings (CMH) continues to do well. Purple Group is also on a strong growth path.
Ghost Bites
Ghost Bites (BHP | Eastern Platinum | Exxaro | MTN | Nu-World | Orion Minerals)
A busy couple of days saw primarily mining sector updates, with important funding news at BHP and Orion Minerals. Exxaro has locked in a long-term supply contract with Eskom. Eastern Platinum hopes to break even in 2026. MTN Ghana has localised ownership of its fintech business. Nu-World's trading statement is encouraging.
Ghost Bites
Ghost Bites (African Rainbow Minerals | Datatec | Emira | Hyprop | Jubilee Metals | Master Drilling | RCL Foods | Remgro | Sephaku...
RCL Foods is betting on pets. Remgro is going ahead with the Mediclinic deal. Datatec is growing strongly. In property, we saw news from Emira and Hyprop. African Rainbow Minerals is investing further in copper, while Jubilee's copper EBITDA has at least swung positive. Master Drilling had a reasonable year. Sephaku Holdings needs more infrastructure spend to come through.
