Kumba is a victim of the rand (and several other things). A big step forward for Nedbank in East Africa. Reinet's underperformance vs. British American Tobacco is incredible to witness. Sasol's business performance metrics for FY26 look encouraging.

Several SA banks have enjoyed a ratings upgrade from Fitch. A new bidder has emerged for Mantengu's Blue Ridge Platinum. PKMI's bid for MAS shares ended in a puff of smoke and not much else. Oando is a vertically integrated energy company that nobody talks about.

Prosus is generating much better free cash flow outside of Tencent. Fortress Real Estate is raising capital. Important numbers came in from Argent Industrial, Goldrush, Invicta, Lighthouse Properties and SA Corporate Real Estate. ACOF is also showing promising signs.

Growthpoint wants quality, not quantity. Nedbank's performance looks decent. Anglo American has unlocked important copper synergies. Optasia, Primary Health Properties and Schroder European Real Estate delivered important corporate updates.

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.

SPAR is now a catastrophe. Dis-Chem's valuation makes it a sitting duck. Mediclinic is enjoying the benefit of operating leverage. Nampak was dragged down by one local segment. Aspen is considering share buybacks. African Media Entertainment is growing in a tough market. Delta Property Fund is making progress.

Richemont has welcomed a return to growth in Asia Pacific. MAS is making big changes - and Hyprop is happy to be on the other side of a deal for a property in Bulgaria. Finbond, Gemfields and Reunert all have positives and negatives to consider. Orion Minerals raised capital, while Trematon might sell Generation Education.

AB InBev's beer volumes increased this quarter, giving the market a positive surprise and leading to a jump in the share price. MC Mining also had a good day, confirming that the final subscription amount by Kinetic Development Group is in the bank.