Ghost Wrap #34 (Richemont | ArcelorMittal | Pick n Pay | Truworths | Mr Price | Super Group | Northam Platinum | Vodacom)

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

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

• Richemont suffered a significant sell-off after releasing numbers that showed negative growth in the Americas.
• ArcelorMittal experienced incredible volatility after releasing a trading update that anticipates a substantial headline loss per share.
• Pick n Pay also had a volatile week and is also expecting an interim loss, with pressure on sales in the core business and large once-off costs in this period.
• Truworths experienced a slowdown in sales in the second half of the financial year in the Africa business, with the UK making up for it with a strong second half.
• Mr Price is having a tough time, with slow sales growth excluding Studio 88 and clear pressure on margins.
• Super Group is investing in the UK, with the acquisition of a 78.82% stake in the Amco business.
• Northam Platinum is throwing in the towel on the Royal Bafokeng Platinum stake, accepting the offer from Impala Platinum and locking in roughly a R4 billion loss in the process.
• Vodacom is growing revenue at mid-single digits, yet capital expenditure is growing at a much higher rate.

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.