Podcasts
Ghost Stories #118: The elephant, not the mouse – how strategic asset allocation underpins a balanced fund
Portfolio construction is clearly a passion point for Nico Katzke of Satrix. He's also a fan of analogies, so you can expect to learn about whether it's the elephant or the mouse that swings the bridge that they are crossing. But beneath the fun, there's a serious learning opportunity here about how asset allocation drives the returns in a multi-asset balanced fund. Identifying the elephant is a very important part of the process.
Podcasts
Ghost Stories #117: The next frontier – Satrix’s Africa expansion
For more than 25 years, Satrix has helped South Africans access local and global markets through ETFs. Now, the business is taking that expertise beyond the country's borders, with listings in Namibia, Botswana and Kenya as it works to bring simple, low-cost investment solutions to a new generation of African investors. Duma Mxenge of Satrix explains the strategy and the infrastructure needed to make this possible.
Satrix
How rules-based funds are changing SA’s savings landscape
Rules-based, or indexed, balanced funds still account for only about a tenth of assets in South Africa’s Multi-Asset High Equity segment, according to our analysis of industry assets under management (AUM) data. Yet this cohort is attracting a far larger share of new money, drawing around 23% of category flows over the past year and 53% over five years. Kingsley Williams of Satrix explains why.
Capitec
Podcast: Making the leap with Earned Africa (The Finance Ghost Plugged in with Capitec)
In this episode of The Finance Ghost Plugged in with Capitec, The Finance Ghost sits down with Lorraine Mekwa, founder of Earned Africa, to talk about her leap from corporate executive to entrepreneur. After two decades in financial services, Lorraine had worked her way up to a divisional executive role at a listed group. She then made the leap into entrepreneurship, driven by a desire to help businesses grow and create broader economic opportunities.
Ghost Stories
Ghost Stories #116: Burstone’s property platform play
Burstone has evolved from a traditional property company into something very different. Instead of relying on shareholders to fund growth, the company is increasingly using institutional partners and private capital to scale its platform. But can that model deliver the returns that investors are looking for? Andrew Wooler (CEO of Burstone Group) joined me to unpack the thinking behind the strategy.
Ghost Stories
Ghost Stories #115: Life after JIBAR – how Intengo simplifies the ZARONIA era
Debt has never been simple, but the shift from JIBAR to ZARONIA has added a whole new layer of complexity. Ian Norden of Intengo Market joined me to unpack what South Africa's new benchmark rate means for borrowers, lenders and treasury teams - and how Intengo can help.
Financial Results
Capitec firing on all cylinders as interim headline earnings rise 19% to R9.5 billion
Capitec Limited reported headline earnings growth of 19% to R9.5 billion for the six months ended 31 August 2026, a result underpinned by momentum across every one of its South African businesses.
Ghost Stories
Ghost Stories #114: The STADIO growth formula
STADIO CEO Chris Vorster and CFO Ishak Kula joined me to unpack how the group reached its 56,000-student target. Perhaps more importantly, we discussed how STADIO plans to grow to 80,000 students by 2030 while maintaining academic quality, affordability and attractive returns on capital.
Capitec
Podcast: The inside scoop on Gelato Mania (The Finance Ghost Plugged in with Capitec)
In this episode of The Finance Ghost Plugged in with Capitec, The Finance Ghost sits down with Gelato Mania Financial Director Kosta Kappatos to unpack the journey behind one of South Africa's favourite gelato brands.
Ghost Stories
Ghost Stories #113: What every CFO should know about changing auditors
Changing auditors is not something most CFOs do often, but when the moment arrives, the decision can have far-reaching implications for governance, stakeholder confidence and the effectiveness of the audit process.
In this episode of Ghost Stories, The Finance Ghost is joined by Yolandie Ferreira, Head of Audit Africa at Forvis Mazars, to explore what companies should consider when appointing a new auditor and why the process is about much more than compliance.
Financial Results
Super Group: Strong performance across the portfolio
Super Group, a leading logistics and mobility business, reported an exceptional financial performance for the 2026 financial year, with significant growth in earnings despite a backdrop of economic uncertainty and geopolitical disruption.
