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In this episode of Ghost Stories, The Finance Ghost is joined by Siyabulela Nomoyi from Satrix to unpack one of the most important, yet often misunderstood, concepts in investing: benchmarks. From retail portfolios to institutional mandates, we explore why returns only tell half the story and why every investment outcome needs a meaningful point of comparison.

Telkom's first quarter is a strong foundation for the rest of the year. Metair's restructuring efforts are taking hold. Datatec has expanded further in the US.

Accelerate Property Fund has a cleaner balance sheet, but will the market care? In the UK, Hammerson and Primary Health Properties offer two very different strategies. Hyprop has closed a deal in Eastern Europe, while Stor-Age has added Xtraspace to its portfolio.

In this mining and metals themed update, we find news from miners big and small. Giants AngloGold and Impala Platinum released important numbers. MC Mining and Orion Minerals are making great progress. Aluminium player Hulamin needs to learn how trading statements work.

The Chinese disruption playbook has been incredible to observe in the automotive industry. And if Japan isn't careful, the same thing is going to happen in matcha. Dominique Olivier shows how green powder has become a red ocean of competition.

Artificial intelligence is moving faster than almost anyone expected. After attending two of the world's biggest technology conferences in Boston and San Francisco, Investec global equity analysts David Smith and Zane Bezuidenhout unpack what they learned from the executives shaping AI's future. From surging demand and infrastructure bottlenecks to agentic AI and the companies best placed to benefit, they explore what investors should be watching next. This podcast is hosted by Jeremy Maggs.

In this update, we find the latest on De Beers and the other operations inside Anglo American. ArcelorMittal claims to be fundamentally different, but when will the profits come? Gemfields is being carried by emeralds. Mondi has suffered an ugly drop in margins.

AB InBev has been lucrative for investors this year, while British American Tobacco has met expectations. AVI had a tough second half, with only the fish to keep them sane. At Woolworths, even business class shoppers have taken a knock.