Show me the incentive, and… you know the rest

Design an incentive carelessly and people will follow it perfectly - straight off a cliff. Three centuries of history and an up-to-the-minute corporate mistake explain why. 

Ghost Stories #111: Global equities with 100% capital protection and geared upside (Japie Lubbe of Investec)

The award-winning Investec Structured Products team brings you the latest iteration of International Titans Basket Ltd. This product offers 100% capital protection and geared upside (with a cap), referencing a basket of underlying global equity indices. Bringing decades of experience and passion to this discussion, Japie Lubbe walks us through exactly how the structure works.
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Ghost Bites (Truworths | Rainbow Chicken)

The latest Truworths results show why I don't have a position in the stock. Rainbow Chicken's numbers are as volatile as ever, with HEPS more than doubling in the latest period!

Ghost Bites (Weaver Fintech deep dive)

Weaver Fintech's complicated result required a careful read. With management pulling back on lending, there's a lot to think about here in the context of SA consumers.

 

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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?