Ghost Wrap #58 (Tharisa | enX - Nedbank | Thungela | Italtile | Grindrod)

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

In this episode of Ghost Wrap, I covered these important stories on the local market:

• Tharisa has PGM and chrome operations, which means the company has two levers to pull in response to commodity prices.
• enX is selling Eqstra to Nedbank, which has interesting financial and strategic considerations for investors in both those groups.
• Thungela can't do much about local infrastructure at Transnet and the negative effect it has, but some clever dealmaking in the Aussie acquisition has paid off.
• Italtile is still suffering in an environment where consumers are buying holidays and experiences, not new bathrooms.
• Grindrod has a partially mitigating factor when it comes to local infrastructure, holding an indirect stake in the company operating the Maputo port - and that concession is being extended by the Mozambican government. 

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