Ghost Wrap

Ghost Wrap #50 (PSG Financial Services | MiX Telematics | Karooooo | CMH | African Bank and Sasfin | Cashbuild | Calgro M3)

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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 recapped a week's worth of news across a variety of sectors:

  • PSG Financial Services is making a strong case for itself as an attractive option on the local market.
  • MiX Telematics has attracted an international suitor and the merged entity would be listed on the JSE, so that's exciting news.
  • Karooooo will be sticking to its knitting going forward and that's a good thing.
  • CMH is on the wrong side of a car market that is finally cracking, with the car hire business doing a lot better than automotive retail.
  • Sasfin has managed to offload two business units off to African Bank at a juicy price, leading to a major rally in the Sasfin share price.
  • Cashbuild continues to struggle, with revenue flat year-on-year.
  • Calgro M3 released solid results that also show the benefit of share buybacks when used properly.

    • 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.

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