Tuesday, February 17, 2026
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PODCAST: No Ordinary Wednesday Ep121 | Budget Speech 2026: What’s at stake?

Investec Focus Radio -
South Africa’s 2026 Budget arrives at a pivotal moment. Debt is hovering near 78% of GDP. Growth is forecast at just 1.5%. Debt-servicing costs absorb around 5% of GDP. And yet, bond yields have fallen, sentiment has improved and S&P maintains a positive outlook. Is this genuine fiscal stabilisation or simply a window of opportunity? Jeremy Maggs sits down with Investec’s Chief Economist Annabel Bishop and Treasury Economist Tertia Jacobs.
Dominique Olivier

The problem with obedience

Dominique Olivier -
One of history's most unsettling experiments shows us that ethics tend to fall by the wayside when people are "following orders". Is this inherent flaw in humanity an area where AI might have the moral upper hand? Dominique Olivier explores this concept by taking us through Stanley Milgram's famous experiment from the 1960s. As always, the history books teach us a valuable lesson.
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Ghost Bites
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Ghost Bites

Ghost Bites (AECI | Stefanutti Stocks | Telkom)

The Finance Ghost -
Telkom is telling a positive story in prepaid - and the market likes it. AECI's margins are jumping around, but earnings are up overall. Stefanutti Stocks has achieved a further increase in the order book.
Ghost Bites

Ghost Bites (Cell C | Ethos Capital | Mustek | KAP)

The Finance Ghost -
Cell C's maiden results as a listed company show us their growth engines, but also expense pressures. KAP is looking much better than before, and so is Mustek. Ethos Capital is repurchasing 41.5% of its shares in issue.

 

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Ghost Wrap

GHOST WRAP – Earnings season brings out the bulls and the bears

The Finance Ghost -
With the August / September earnings season behind us, it's helpful to look at share price moves over the past 30 days on the JSE to see how sentiment has shifted. The PGMs have driven the Top40 higher, while insurance has taken a breather.
Ghost Wrap

GHOST WRAP – The JSE Winners’ Club in 2025

The Finance Ghost -
At the halfway mark in 2025, we've lived through some huge geopolitical shifts. The world's gaze has shifted beyond just the US market. Many investors choose to stick with what they know in times like these. This means homegrown favourites on the JSE. But which stocks have been the big winners thus far this year, and what do they have in common?

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