Wednesday, June 24, 2026

Nico Katzke | What we get wrong about bubbles

There is growing talk in investment markets that the AI "bubble" may soon burst. Evidence suggests that those predictions are misplaced, although investors should remain cautious about risks. Nico Katzke gives us his take on the AI sector "bubble".

Ghost Stories #106: Load shedding to load sharing – South Africa’s energy market evolves

The Finance Ghost sits down with Tokollo Tau from Nedbank CIB to unpack how South Africa’s energy landscape is evolving beyond the dark days of load shedding. What once felt like a permanent crisis has receded into the background, but the real story now is what’s being built in its place (like power wheeling and aggregation). Against the backdrop of the Africa Energy Forum, the conversation explores the infrastructure and commercial models that are reshaping how electricity is generated, moved and sold across the country, unlocking new levels of flexibility and opportunity for businesses.

The Finance Ghost Plugged in with Capitec: Purpose and profit

What does it really take to build a business from nothing in South Africa? Founder of Universal Kitchens, Clinton Van Breda, shares the unfiltered story of how he dedicated two decades to turning a R500 000 loan into a business employing over 200 people.

Ghost Stories #105: Altron – a multi-platform, multi-decade moat

The Finance Ghost welcomes Altron CEO Werner Kapp fresh off a standout capital markets day that left a strong impression: this is a business whose growth story isn’t tightly tethered to South Africa’s traditional economic constraints. From FinTech and HealthTech to telematics and IT security, Altron operates a portfolio of platform businesses that quietly underpin everyday life, even if most consumers don’t realise it!  In this conversation, Werner unpacks how these platforms drive resilient, annuity-style revenues, while also leaning into powerful structural tailwinds like digitisation, mobile adoption and the evolution of the payments ecosystem.

Ghost Stories #104: Take a byte of growth – Investec Nasdaq 100 Geared Growth

In this episode of Ghost Stories, The Finance Ghost sits down with Investec’s Brian McMillan, fresh off collecting the “Best Issuer in Africa” award in Stockholm on behalf of the Investec Structured Products team. The team is launching the Investec Nasdaq 100 Geared Growth structure. With much debate around the market valuations in this tech-heavy index, this structure is designed to appeal to investors who are finding it difficult to balance the desire to get involved against the risk of being late to the party.

Ghost Stories #103: How Shari’ah-compliant investing can outperform (with Maahir Jakoet)

In this episode of the Ghost Stories podcast, we welcome Old Mutual Investment Group to the platform for the first time. Maahir Jakoet, lead manager of the Old Mutual Global Islamic Equity Fund, looks back on a decade of top quartile performance. This podcast lifts the lid on how Shari’ah-compliant investing can deliver unexpected outperformance vs. traditional funds.

The Foschini Group FY26 results

The Foschini Group's results for the year ended March 2026 reflect a weaker second half and deteriorated trading conditions across all operating regions. The group has identified important key focus areas to improve performance.

PODCAST: No Ordinary Wednesday Ep128 | The dragon’s new terms

China remains South Africa's largest trading partner, but the landscape of global trade is evolving. In this episode of No Ordinary Wednesday, Investec Treasury Economist Tertia Jacobs and Head of Supply Chain Dylan Govender look at the forces reshaping Sino-South Africa trade and explore what these changes mean for local businesses and the broader economy.

PODCAST: No Ordinary Wednesday Ep127 | The Everything Shock

What began as a geopolitical conflict is rapidly becoming something much larger. Oil is only one part of the story. Natural gas, fertilisers, chemicals, shipping routes, aluminium, aviation fuel and global supply chains are all now being affected by the fallout from the Iran war. In the latest episode of No Ordinary Wednesday, Jeremy Maggs speaks to Investec’s Osa Mazwai and Campbell Parry about why this is increasingly being described as an “everything shock.”

Ghost Stories #102: A market holding its breath

In this episode of Ghost Stories, I was joined by Satrix’s Nico Katzke to unpack a global market that feels eerily calm in the face of rising risk. From Middle East tensions and the growing threat of energy disruption to the curious resilience of equity markets, the conversation explores whether investors are underpricing just how fragile the current environment really is.

Ghost Stories #101: Under the hood – the data edge at WeBuyCars

In this episode of Ghost Stories, The Finance Ghost goes beyond the headline numbers and gets under the hood of WeBuyCars with Deputy CEO Wynand Beukes and CFO Chris Rein. Instead of rehashing the latest earnings, the conversation focuses on what really matters: how the business is adapting to a rapidly shifting automotive market, from the rise of Chinese brands to increasing pressure on pricing and margins. What sits at the heart of it all? Data - and how this informs pricing models, inventory strategies and expansion decisions.
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