Welcome to Ghost Wrap. It’s fast. It’s fun. It’s informative.

In this week’s episode of Ghost Wrap, we cover:

• Investec is combining its Wealth & Investment business in the UK with Rathbones, taking a substantial equity stake in what will be the UK’s leading discretionary wealth manager.
• Combined Motor Holdings has delivered an incredible year, managing to grow HEPS vs. a comparative year that was already a blowout performance.
• Northam Platinum has used the MAC clause to get out of its Royal Bafokeng Platinum offer, leaving Impala Platinum as the only bidder in town after such a long and painful process.
• Pick n Pay’s update for the 52 weeks ended 26 February doesn’t look good, especially compared to Shoprite’s recent numbers.
• In tales from the restructuring crypt, EOH has emerged from the darkness with a successful debt restructure and Nampak remains firmly in trouble, with a temporary reprieve on its debt provided a significant amount of equity is raised.
• Murray & Roberts has received resounding shareholder approve to sell Bombela Consortium, a critical step in reducing debt.
• Glencore made a opportunistic play for Teck, a Canadian copper, zinc and steelmaking coal group.
• Every single Rebosis property is officially for sale, with the business rescue plan approved by almost every creditor – except for one!

The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.

Listen to the podcast below: