Ghost Wrap #28 (Bidcorp | Bidvest | MultiChoice | Argent Industrial | Renergen | Capital Appreciation | The Foschini Group)

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

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

• Bidcorp is achieving record numbers, but the regional split isn't what you might expect.
• Bidvest continues to demonstrate the value of pricing power and strong cost management.
• MultiChoice is on the wrong side of consumer spending and load shedding, with forex issues in Nigeria as an additional huge headache.
• Argent Industrial is a small cap with a big heart, performing well in this environment.
• Renergen has secured conditional approval for debt funding, with all eyes now on meeting the conditions.
• Capital Appreciation has grown its non-SA revenue strongly, but operating profits have dipped due to heavy investment in headcount.
• The Foschini Group rallied after releasing results but not because of good news in the numbers, with a particularly concerning recent trend.

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.