TreasuryONE
Ghost Stories
Ghost Stories #94: Shoprite’s secret sauce: value retail culture meets omnichannel
Get ready for a masterclass in retail from Pieter Engelbrecht, CEO of South Africa's largest employer. If you're ready to learn about the secrets to Shoprite's success, you're in the right place. With the South African retail sector having to navigate tremendous challenges, Shoprite keeps coming out on top. But how do they do it?
Podcasts
PODCAST: No Ordinary Wednesday Ep122 | A new cycle for private equity
Private equity is shifting gears. As rates turn and investor confidence improves, funds are deploying again, and South Africa is firmly back on the radar. But this isn’t a return to excess, it’s a shift toward smarter leverage, disciplined execution and sharper capital structuring. In the latest episode of No Ordinary Wednesday, Jeremy Maggs speaks to Rishanth Pillay, Head of Sponsor Leveraged Finance at Investec Corporate & Investment Banking, about what’s driving the renewed momentum – and what could derail it.
Ghost Bites
Ghost Bites (AfroCentric | Cashbuild | Labat Africa | Libstar | Lighthouse Properties | Quilter | Sanlam | Woolworths)
Woolworths is putting up a good fight in the retail market. Quilter is extracting growth from the UK market, while Cashbuild has found a way to improve margins. Lighthouse is delivering decent returns. Sanlam is investing billions in ARC. Look out for AfroCentric numbers, a Libstar Capital Markets Day announcement and a deal at Labat Africa.
Ghost Bites
Ghost Bites (Aspen | Brimstone | Caxton | Discovery | iOCO | Nedbank | Optasia | Sea Harvest | Shoprite | WBHO | Weaver)
Sea Harvest just had the year of their lives. Nedbank has taken major transformative steps. Shoprite is still growing despite the low-inflation environment. Aspen, Brimstone, Caxton, Discovery, iOCO, Optasia, WBHO and Weaver rounded out a busy day on the market.
Financial Results
Sea Harvest FY25 results: a catch for all seasons
Sea Harvest Group has delivered the strongest performance in its history for the year ended 31 December 2025, driven by improved hake fishing conditions and firm global and domestic demand for sustainable wild-caught seafood, disciplined execution of its strategy, and improved operational efficiencies across the Group.
Financial Results
Nedbank FY25 results: a “transformative year” for the bank
Nedbank made a number of bold and swift strategic decisions in 2025. This included a strategic organisation, the sale of the ETI financial investment, the acquisition of iKhokha and the offer for a controlling stake in NCBA.
Ghost Bites
Ghost Bites (Bidvest | Clientèle | Italtile | JSE | Libstar | Merafe | MTN | RCL Foods | Thungela)
RCL Foods is navigating a bitter situation in sugar. Bidvest is building a hygiene giant. Italtile and Thungela are struggling, while the JSE and MTN are flying. Clientèle's business is showing encouraging signs. Merafe is kicking the can down the road.
Financial Results
RCL Foods interim 2026 results: continuous improvement initiatives support profitability
RCL Foods released results for the six months ended December 2025. Although dynamics in the sugar market weighed on overall group results, the balance of the business saw an improved underlying performance.
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