Thursday, December 12, 2024

Ghost Wrap #30 (Afrimat | AngloGold | Harmony Gold | Growthpoint | Mr Price | FirstRand | Standard Bank | Steinhoff)

Share

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

In this week’s episode of Ghost Wrap, we cover these important stories on the local market:

  • Afrimat is acquiring Lafarge South Africa, a deal announcement that came against a backdrop of disappointing recent performance across the local cement industry.
  • AngloGold is a perfect example of why I think gold stocks are for trading rather than investing.
  • Harmony Gold is trying to wave the flag for the sector, though the move into copper says something about gold mining in general.
  • Growthpoint gave the market an honest assessment of near-term performance in this interest rate cycle and the share price took a knock as a result.
  • Mr Price released a poor set of numbers, raising questions around whether they have lost focus on the core business in a busy period of M&A.
  • FirstRand and Standard Bank are both rewarding shareholders, with surprisingly different pros and cons in the recent numbers.
  • Steinhoff has released possibly its final report as a listed company.

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:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles

Ghost Wrap

Verified by MonsterInsights