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Ghost Biz - 23 April 2026
Today in Ghost Biz, Gary Stroebel and The Finance Ghost discuss:
• Labat Africa – A dramatic shift from cannabis to IT leaves the market confused, with a very low PE ratio and unclear strategy.
• Sappi – Looking at a joint venture with UPM to survive the structural decline in graphic paper.
• Afrimat – A “perfect storm” of a risky acquisition and ferrochrome sector issues pushed the second half into a loss. Still profitable overall, but risks are elevated.
The skinny
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