The next webinar available for Ghost Mail readers will be presented by the team from TreasuryONE. Scheduled for next Wednesday, 7th December at 9:30am, the team will examine the likelihood of a recession in 2023. Don't miss it! Register for free here>>> Ghost BitesEmira released a pre-close update with negative reversions still in playHCI recorded a huge jump in profits - being in gaming, tourism and coal was a good story this year!Murray & Roberts says bye-bye, BombelaNampak is an example of when bad balance sheets happen to good peopleSasol dropped 4.5% after releasing a trading statement with worrying commentaryIt was an incredibly busy day of news on the JSE, with updates also coming in from the likes of Resilient REIT, Lighthouse, Ethos Capital, Fortress and many others. Catch up on all of it with Ghost Bites>>> And for a more global flavour, get the latest updates on Disney and Warner Music Group in this week's Ghost Global>>> One country, one rand, one painAn entire buck. That's how much the rand almost lost against the dollar yesterday, moving between R17.07 and R17.95 as rumours ran wild about a potential resignation by President Ramaphosa in the wake of the Phala Phala scandal. In the US, TreasuryONE highlights commentary from Jerome Powell that interest rate increases could be smaller going forward, which put the US dollar under pressure. The rand didn't get any of that benefit for the reasons mentioned above. The Fed comments gave gold a shot in the arm, taking it close to the $1,800 level. It's Friday - and that means DealMakers!In addition to the latest summaries on South African M&A, African M&A and South African corporate activity, the team has included some interesting articles for you to consider this morning: The Competition Commission has warned that it will be vigilant in identifying more notifiable mergersThe carbon conundrum of investing in energy in AfricaIs it time to have a Kenya-Mauritius double taxation agreement?Podcasts for the weekendThe news covered in Ghost Wrap this week is still relevant, with the six-minute show dealing with updates from RFG Holdings, Prosus, Quantum Foods, Fortress REIT, Mr Price, Telkom, Pepkor and Bidcorp. Listen to it here before the next edition is released on Monday. Ghost Wrap is brought to you by Mazars. In a fresh episode of Magic Markets, we used the opportunity to talk about some of the analysis we do in Magic Markets Premium. This includes concepts like the importance of a bear case and bull case, the relevance of insider selling, the approach taken in financial and technical analysis and our view on quarterly reporting in the US. Listen to Episode 104 here>>> Have a great weekend! |