TreasuryONE
Dominique Olivier
The man who would rule 7,000 robotic vacuums
A harmless side project resulted in an unexpected glimpse inside thousands of homes, exposing just how thin the line between ownership and access has become. What started as a geek’s experiment ended as a reminder that the devices we control may not be entirely ours to command.
Unlock the Stock
UNLOCK THE STOCK: Araxi
In the 66th edition of Unlock the Stock, Araxi returned to the platform to talk about the recent numbers and the strategic outlook for the business. The recorded presentation and Q&A session is available here.
Ghost Bites
Ghost Bites (Aspen | Exxaro | Investec | Momentum | Schroder European Real Estate)
Aspen has released the APAC deal circular. Exxaro's dividend is much higher. Investec's UK business is lagging. Momentum is largely positive. Schroder European Real Estate remains unappealing to me.
Podcasts
PODCAST: No Ordinary Wednesday Ep123 | Middle East conflict – counting the cost of disruption
Markets are sending a surprisingly calm signal in the face of escalating conflict with Iran. Oil prices are rising, supply chains are under pressure, and recession risks are quietly ticking higher, yet equities remain relatively steady.
In the latest episode of No Ordinary Wednesday, Jeremy Maggs is joined by Investec experts in SA and the UK - Callum Macpherson, Phil Shaw and Chris Holdsworth - to unpack what’s really at play. The conversation explores what happens if the conflict drags on for longer, what key indicators markets are watching and what risks to the global economy are already emerging.
Ghost Bites
Ghost Bites (Astral Foods | BHP | Ethos Capital | iOCO | Master Drilling | PPC | Sabvest | Vukile Property Fund)
BHP, the world's biggest mining house, has a new South African CEO. Astral Foods is printing money. iOCO, PPC and Sabvest are also doing well. Master Drilling had a somewhat flat year in earnings. Vukile is acquiring a property in Spain. Ethos Capital is in the final stages of unlocking value.
Ghost Bites
Ghost Bites (Libstar | Mr Price | Old Mutual | Primary Health Properties | SPAR | STADIO | Woolworths)
Libstar is doing much better than before. In related sector news, Woolworths is acquiring in2food from Old Mutual Private Equity. Separately, Old Mutual released results for 2025. Mr Price is still trying to convince the market that NKD is a good deal. STADIO is growing beautifully. SPAR has launched a voluntary severance programme. Primary Health Properties released results.
Ghost Bites
Ghost Bites (MTN | Optasia | South32 | Sun International)
MTN has over 300 million customers, a great growth story, and sadly a headache in Iran. Optasia's numbers are good, but what is this related party deal? Sun International has performed very well vs. the market. South32's Mozal Aluminium smelter is on care and maintenance.
Capitec
The Finance Ghost Plugged in with Capitec: Ep 9 (Innovation, engineered by the Van Greunens)
Any business owner knows that software can make or break a business. And when software is built by entrepreneurs, for entrepreneurs, the benefits are even clearer. Like many great businesses, Olympia Engage was created to solve the challenges its founders faced in their previous businesses. With hands-on experience managing large teams and running performance and incentivisation programmes, brothers Manie and George Van Greunen set out to build digital solutions that address these challenges.
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