Saturday, December 6, 2025
Tag:

WeBuyCars

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.

Ghost Bites (Blu Label – Cell C | Hammerson | Sea Harvest | Sirius Real Estate | SPAR)

Cell C's IPO fell short on pricing. SPAR's difficult turnaround continues. Sea Harvest is selling Ladismith Cheese. Hammerson bought a UK property and Sirius Real Estate closed an acquisition in Germany.

Ghost Bites (Astral Foods | MTN | Ninety One | Pick n Pay | Prosus – Naspers | Sirius Real Estate | WeBuyCars)

Prosus/Naspers and Ninety One are flying. So is MTN, but only thanks to Africa. Astral Foods posted encouraging numbers. WeBuyCars had to adapt to significant disruption in the car market. The Ackermans are reducing their stake in Pick n Pay. Sirius looks ahead to the benefit of new acquisitions coming through.

Ghost Stories #82: WeBuyCars – from dealer revolution to digital evolution

WeBuyCars is an excellent example of a disruptor in the South African market, having completely changed the way people buy and especially sell their vehicles. As a sign of just how valuable the data and technology systems are, WeBuyCars has announced that Chief Digital Officer Wynand Beukes will also take the role of Deputy CEO as part of succession planning at the group. CEO Faan van der Walt isn't going anywhere just yet though - he still has plenty of energy to give the group. Both Faan and Wynand joined me to discuss the business and the road ahead.

Ghost Bites (Lesaka Technologies | Motus | Purple Group | SA Corporate Real Estate | Sappi | Sibanye-Stillwater | Transpaco | Truworths | Vodacom)

Lesaka Technologies off to a good start in FY26. Sappi is suffering great pain, but at least they acknowledge it - unlike Truworths. Purple Group is charging up the J-curve. Sibanye-Stillwater is loving life, while Motus is also adapting well. Vodacom Please Call Me looks to be around R540 million. We saw deal news at Transpaco and SA Corporate Real Estate as well.

Ghost Bites (Anglo American | Ascendis | Balwin | Kumba Iron Ore | Old Mutual | Santova | Valterra Platinum | WeBuyCars)

WeBuyCars was punished by the market. Old Mutual hosted a capital markets day. Ascendis wants to go private - again. Anglo, Kumba and Valterra Platinum released production updates. Balwin and Santova released results.

Ghost Bites (Capital Appreciation | Greencoat Renewables | Naspers | Oceana | OUTsurance | Sirius Real Estate | Southern Sun)

OUTsurance released blockbuster results. Capital Appreciation, Oceana and Southern Sun gave helpful business updates. Naspers has decided to do a stock split. Greencoat Renewables needs more wind. Sirius Real Estate raised further debt.

Ghost Bites (ArcelorMittal | Mantengu Mining | South32 | Supermarket Income REIT | Tharisa)

ArcelorMittal's longs business is still likely to close. South32's Mozal Aluminium smelter is also at risk. Supermarket Income REIT's latest deal is a fascinating data point for property pricing in the UK. Tharisa corrected a financial error. Mantengu Mining is changing its name.
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