The Finance Ghost
Ghost Bites
Ghost Bites (AB InBev | Altron | Brimstone – Sea Harvest | British American Tobacco | South32 | Tongaat Hulett)
AB InBev's beer volumes are dropping, while British American Tobacco reminds us what an industry in decline looks like. South32 did well overall. Altron has flagged higher earnings. Brimstone has been boosted by Sea Harvest. The show is sadly over at Tongaat Hulett, with disastrous effects on the sugar value chain.
Ghost Bites
Ghost Bites (Aspen | Capitec | City Lodge | Nampak | Pan African Resources | Trustco)
Capitec's excellent growth story continues. Pan African Resources made a fortune in 2025. Aspen's interims are predictably awful, but they are looking to the future. Nampak's business update is encouraging. City Lodge's growth was offset by currency moves. Trustco's Meya Mining raised debt for its diamond mining ambitions.
Ghost Bites
Ghost Bites (Powerfleet | Trellidor | Standard Bank)
Powerfleet is closer to achieving a net profit. Shock and horror: Standard Bank is not actually trying to acquire other banks. Trellidor's earnings have collapsed - will the turnaround ever come?
Ghost Stories
Ghost Stories #92: Balancing global portfolios with Europe and Japan ETFs
The team at Satrix has clearly been busy. They've launched two brand new ETFs to help South Africans tweak their exposure to offshore markets. If you're ready to learn more about Europe and Japan, then you're in the right place. And since most offshore portfolios in SA are really just a proxy for Big Tech, this is diversification that is worth paying attention to. Siyabulela Nomoyi joined me to explain.
Ghost Bites
Ghost Bites (Bidvest | DRDGOLD | Hyprop | Metair | Northam Platinum | Orion | Pick n Pay | RMB Holdings | Vukile Property...
Pick n Pay looks more like a basket case by the day, with losses increasing rather than improving. RMB Holdings announced an offer by the Atterbury consortium. Vukile Property Fund's local festive numbers look good. Other updates came in from Bidvest, DRDGOLD, Hyprop, Metair, Northam Platinum and Orion Minerals.
Ghost Stories
Ghost Stories #91: Building sonar for navigating private credit
Ian Norden, CEO of Intengo Market, returns to Ghost Stories to talk about the sector of the market that he is passionate about: listed and private credit. In a world of shrinking public issuance and growing demand for yield, will private credit be able to fill the gap? Learn about themes like hedge funds and alternative assets, along with how Intengo Market is building the data systems needed for this evolution of credit.
Satrix
Satrix helps investors maximise yield with new Actively Managed Income ETF
The newly listed Satrix Income Actively Managed ETF is designed to offer investors a higher yield than traditional money market funds, along with all the benefits that come with ETF structures. Yusuf Wadee explains how to turn lazy cash into enhanced returns.
Ghost Bites
Ghost Bites (Gold Fields | Discovery – Growthpoint)
Gold Fields' HEPS more than doubled in 2025 as the gold sector continues to print cash. Discovery and Growthpoint have announced a deal for the Discovery head office - is it possible that they are both winners in the transaction?
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