Ghost Wrap #43 (Fortress | Truworths | Woolworths | Bidcorp | Cashbuild | KAP | Motus)

Welcome to Ghost Wrap, your twice-weekly update on the most interesting company news in the South African market.

In this episode of Ghost Wrap, I looked at some of the more interesting stories in a busy few days of news.

• Cher once asked us if we believe in life after love. I'm not sure about that, but we can believe in life after REIT based on the latest numbers from Fortress.
• The recent results from Truworths need a careful read based on important and justifiable adjustments, with the core results revealing a decent period for the company.
• Load shedding really hurts food retail, as evidenced by comparing Woolworths' Food business to its Fashion, Beauty and Home business.
• Bidcorp's numbers for the year ended June are practically faultless.
• Cashbuild is in a perfect storm right now, with ongoing difficulties in this trading environment.
• KAP may need to rebrand to KLAP, because that's exactly what the company got given in the latest period by Safripol and Unitrans.
• Motus is a reminder that you always need to read to the bottom of the income statement, with finance costs eating up growth in operating profit.

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.