Ghost Wrap #24 (Karooooo | Quantum Foods | RFG Holdings | Sappi | MTN | Southern Sun | Richemont | Transaction Capital)

Welcome to Ghost Wrap. It's fast. It's fun. It's informative.

In this week's episode of Ghost Wrap, we cover:

• Karooooo's latest quarter, which makes it even clearer that management should be focusing on the core Cartrack business.
• The ongoing bad luck at Quantum Foods, where the macroeconomic and load shedding issues have now been compounded by the horrors of avian influenza.
• RFG Holdings as a good news story in a sea of pain on the JSE, with the business really performing well.
• Sappi's cyclical nature and ongoing debt reduction despite a sharp drop in profits.
• MTN's margin compression in South Africa and almost all the African subsidiaries, with market concerns over the balance sheet trajectory clear to see in the share price.
• Southern Sun riding the wave of a post-COVID travel and tourism recovery, except in Sandton.
• Richemont's exceptional results in the core business this year, along with the strength of its direct-to-consumer strategy.
• Transaction Capital's latest capitulation in the share price off the back of results.

The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.