Best of Bites: CMH | Calgro M3 | Fairvest | BHP | Anglo American | Kumba Iron Ore | DRDGOLD | Tharisa

Selected highlights from the week, as covered in the daily Ghost Mail newsletter.

Ghost Stories #117: The next frontier – Satrix’s Africa expansion

For more than 25 years, Satrix has helped South Africans access local and global markets through ETFs. Now, the business is taking that expertise beyond the country's borders, with listings in Namibia, Botswana and Kenya as it works to bring simple, low-cost investment solutions to a new generation of African investors. Duma Mxenge of Satrix explains the strategy and the infrastructure needed to make this possible.
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Best of Bites: CMH | Calgro M3 | Fairvest | BHP | Anglo American | Kumba Iron Ore | DRDGOLD | Tharisa

Selected highlights from the week, as covered in the daily Ghost Mail newsletter.

BHP vs. DRDGOLD: broader into copper; deeper into gold

In this deep dive, I contrast BHP and DRDGOLD as mining houses at the opposite end of the size and capex spectrum. Where BHP has diversified into copper, DRDGOLD has stuck to its knitting. But will that continue?

 

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

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 – The JSE Winners’ Club in 2025

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?