Tag:
Mahube Infrastructure
Ghost Bites
Ghost Bites (African Media Entertainment | Aspen | Delta Property Fund | Dis-Chem | Nampak | Remgro | SPAR)
SPAR is now a catastrophe. Dis-Chem's valuation makes it a sitting duck. Mediclinic is enjoying the benefit of operating leverage. Nampak was dragged down by one local segment. Aspen is considering share buybacks. African Media Entertainment is growing in a tough market. Delta Property Fund is making progress.
Ghost Bites
Ghost Bites (Altron | Exemplar REITail | Netcare | Omnia | Pick n Pay | PPC | RMB Holdings)
Pick n Pay's core business is still going backwards. Altron's numbers look spectacular, with positive news also coming in from Exemplar REITail, Netcare, Omnia and PPC. RMB Holdings has heavily impaired its NAV.
DealMakers
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies.
Ghost Bites
Ghost Bites (Bytes | Canal+ | MAS | MTN | Octodec | Prosus | Spear REIT)
The market has gone cold on Prosus. MTN is the beneficiary of much better macroeconomics in Africa. Canal+ is inward listing on the JSE in June, but will they find support? Bytes Technology has a lot of work to do. In property, MAS is looking to offload some malls, while Spear REIT showed us how profitable buy-and-flip can be. Octodec's interim growth needs to be considered carefully.
DealMakers
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies.
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 (Mahube Infrastructure | MC Mining | MTN Uganda | Remgro | SA Corporate Real Estate | Texton | York Timber)
Mahube Infrastructure has released the offer circular - and the price is below the fair value range. MTN Uganda keeps doing well. Remgro's trading statement is encouraging. Other updates came in from MC Mining, SA Corporate Real Estate, Texton and York Timber.
DealMakers
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies.
