Tag:
Shoprite
Ghost Bites
Ghost Bites (Aspen | Capitec | City Lodge | Nampak | Pan African Resources | Trustco)
Capitec's excellent growth story continues. Pan African Resources made a fortune in 2025. Aspen's interims are predictably awful, but they are looking to the future. Nampak's business update is encouraging. City Lodge's growth was offset by currency moves. Trustco's Meya Mining raised debt for its diamond mining ambitions.
Ghost Bites
Ghost Bites (Anglo American | ArcelorMittal | Boxer | Glencore | Hudaco | KAL | Kumba | Lesaka | MTN | Prosus – Naspers...
Glencore has walked away from Rio Tinto discussions. MTN and Super Group are busy with acquisitions. Anglo American, Kumba Iron Ore and Valterra Platinum gave production updates. Sasol is suffering with weak oil prices. ArcelorMittal is just suffering with everything. Prosus released a shareholder letter. Lesaka Technologies reported its first positive net income. Boxer, Hudaco and KAL also gave important trading updates.
Ghost Bites
Ghost Bites (DRDGOLD | MC Mining | Pepkor | Shoprite | Vukile)
Pepkor and Shoprite have shown us what success in retail looks like. Vukile is acquiring a property in Spain. DRDGOLD agreed a multi-year wage deal, but it comes at a cost. MC Mining is suspending operations at Uitkomst Colliery to preserve cash.
Ghost Bites
Ghost Bites (Accelerate Property Fund | AVI | Lewis)
Lewis has bucked the retail trend and shown its quality. AVI's reputation for margin expansion has been earned once more. Accelerate Property Fund has sold another property at close to NAV.
Ghost Bites
Ghost Bites (BHP | British American Tobacco | Mahube Infrastructure | Merafe | Thungela)
Thungela updated the market on a tough year. British American Tobacco has reaffirmed 2026 guidance. BHP unlocked capital through a BlackRock infrastructure deal. Merafe is hoping for progress with Eskom. Mahube Infrastructure may be leaving our market.
DealMakers
South Africa’s retail revolution
Retailers are divesting non-core assets to fund complementary bets: fintech stacks, AI-driven personalisation, and last-mile tech.
Ghost Bites
Ghost Bites (Argent Industrial | City Lodge | Crookes Brothers | Delta Property | Kore Potash | Investec | Lewis | Mr Price |...
A busy day of news saw retail updates from Lewis and Mr Price, along with City Lodge and Netcare as strong growth stories. Investec is finding it harder to grow at the moment. Reunert has strong momentum, while Argent Industrial and Delta Property also have positive stories. Crookes Brothers shows how hard agri really is. Kore Potash and Supermarket Income REIT announced important corporate deals.
Ghost Bites
Ghost Bites (AngloGold | AVI | Barloworld | Copper 360 | Premier Group | Santam | Stor-Age)
AngloGold is cashing in while the gold price is high. AVI, Premier Group and Santam are enjoying strong results. Stor-Age is dependable, but needs to be careful of the UK. Barloworld's earnings continue to drop. Copper 360's capital raise is imminent.
