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.
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.
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.
Satrix
Why AI may not be the next big bubble
The talk in investment markets is that the AI "bubble" may soon burst. Nico Katzke, Head of Portfolio Solutions at Satrix, disagrees with these predictions, though he does caution investors about potential risks. What can we learn from the historical valuations of tech stocks?
Capitec
The Finance Ghost Plugged in with Capitec: Ep 8 (Business Banking, but better)
Capitec understands the challenges faced by entrepreneurs. Throughout this season of The Finance Ghost Plugged in with Capitec, we’ve explored how affordable transactional banking and access to finance can help business owners grow.
But how does it all come together? And how did Capitec make such a strong impact on the business banking scene so quickly?
This is The Finance Ghost in conversation with Karl Kumbier (Executive for Business Bank), Amrei Botha (Executive of Client Experience Delivery) and Sicelo Mkhize (Head of Distribution).
Podcasts
PODCAST: No Ordinary Wednesday Ep121 | Budget Speech 2026: What’s at stake?
South Africa’s 2026 Budget arrives at a pivotal moment. Debt is hovering near 78% of GDP. Growth is forecast at just 1.5%. Debt-servicing costs absorb around 5% of GDP. And yet, bond yields have fallen, sentiment has improved and S&P maintains a positive outlook.
Is this genuine fiscal stabilisation or simply a window of opportunity? Jeremy Maggs sits down with Investec’s Chief Economist Annabel Bishop and Treasury Economist Tertia Jacobs.
