Ghost Wrap #25 (Dis-Chem | Grindrod Shipping | NEPI Rockcastle | Telkom | Nampak | Purple Group | Investec )

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

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

• Dis-Chem's latest numbers, including a very concerning second half of the financial year.
• The cyclicality of the shipping industry, with the most recent quarterly performance of Grindrod Shipping as a perfect example.
• The appeal of property in Eastern Europe, with NEPI Rockcastle generating strong income growth in a country far away from load shedding.
• Telkom's gigantic impairments as this technological dinosaur tries hard to avoid an asteroid.
• The broken balance sheet at Nampak as the company moves towards what will surely be a very painful rights offer.
• At the other end of the rights offer spectrum, the growth story at Purple Group and Sanlam's underwriting of the rights offer.
• Investec's powerful performance in the year ended March 2023, particularly in the UK.

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.