A busy week on the JSE, with big retail struggles, fresh fintech optimism, and another delisting on the cards.
Gary and the Finance Ghost discuss:
Pick n Pay as turnaround troubles deepen while5 65 stores close. Losses persist while Shoprite strengthens its hold on market share.
Astoria – Joins the exodus from the JSE as investment holding companies continue to face steep NAV discounts and low investor appetite.
Optasia – New fintech listing shows promise, with FirstRand taking a 20% stake — a rare bright spot for the market.
Canal+ & MultiChoice – The squeeze-out is underway, clearing the path for MultiChoice’s delisting and a future inward listing of the merged group.
