Tag:
Brait
Ghost Bites
Ghost Bites (BHP | Brait | enX | Libstar | Reinet | Sephaku | STADIO)
Brait is stretching the definition of "value unlock" to breaking point. Libstar is having a rough interim period. BHP's Jansen Project is neither on time nor on budget. In happier news, STADIO's growth strategy is working and Sephaku grew earnings despite pressure at its associate. Reinet is starting to return cash to shareholders. enX found an international buyer for New Way Power.
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies.
Ghost Bites
Ghost Bites (Coronation | Labat Africa | Sappi | Sibanye-Stillwater)
Coronation's AUM dipped this quarter. Sappi is still negotiating detailed terms on the graphic paper JV. Sibanye-Stillwater held a useful capital markets day for the international and recycling operations. Labat Africa's numbers look fantastic, but the market is ignoring the stock.
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies.
Ghost Bites
Ghost Bites (Brait | Merafe | MTN Nigeria | Northam Platinum | Vukile Property Fund)
MTN Nigeria had a great year in 2025, but nothing comes close to the positive swing at Northam Platinum. Vukile is acquiring its first property in Madrid. Brait has sold R1 billion worth of shares in Premier. Merafe's 2025 numbers were horrible, as is to be expected when smelters were gathering dust.
Ghost Bites
Ghost Bites (Glencore | Grindrod | Northam Platinum | Primary Health Properties | Shuka Minerals | Tharisa)
With SENS kicking into life, normal daily programming should resume soon. In the meantime, this catch-up edition deals with mining news from Glencore, Northam Platinum, Tharisa and junior house Shuka Minerals. Grindrod is enjoying strong port volumes in Mozambique. Primary Health Properties is off to a good start in life-after-Assura.
Ghost Bites
Ghost Bites (Fairvest | Mantengu | Premier Group – RFG Holdings)
Premier and RFG Holdings shareholders gave a resounding approval to the deal that will combine the groups. Fairvest is investing deeper in township fibre. Mantengu has commissioned the second chrome processing plant.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Alexforbes | Equites Property Fund | Fairvest | Hyprop | Lighthouse Properties | Nutun | Remgro | Standard...
A very busy day of property news saw updates from Accelerate, Equites, Fairvest, Hyprop and Lighthouse, with tailwinds visible across the sector. Alexforbes and Standard Bank gave important financial sector updates. Remgro wants to increase its exposure to Mediclinic SA. Tharisa's SARS victory saved their numbers. Nutun desperately needs to swing to profitability.
