The Finance Ghost

An ex-director of EOH who was fined R500k for lying about a qualification comes up on a Google search as being involved in developing ESG rating tools. Another lol for the credibility of the ESG industry in general.

Core to my thesis on property prices in the Cape Town 'burbs...which are gently rolling over. At last. Remote working is over, schools here are hard to get into and property prices are far past laughable. The bubble is popping, thankfully.

Looking for a podcast this weekend? If you're keen to learn more about banks and have 22 minutes to spare, then you'll enjoy the latest Magic Markets episode in which @MohammedNalla and I talked about how banks manage their balance sheets: magic-markets.com/magic-markets-…

Magic: The Gathering is one of the very best strategy games you could possibly play. And it's an absolute gold mine for Hasbro! cnbc.com/2025/07/23/has…

"Rough diamond production decreased by 36% to 4.1 million carats, reflecting the continued production response to the prolonged period of lower demand." NGMI.

Hyprop bid terminated! So that's it? They sit on R808 million in equity that they raised because they couldn't get access to a specific doc during an offer with a one week offer period? That whole situation has been pretty odd. Interested to see what happens next!

Based on my peer group stats, SA isn't far behind among middle and higher income families. Super bearish for Curro, I can't see how they will ever fill their schools.

Almost time for another Unlock the Stock! Hope you're joining us at 12 to dig into Capital Appreciation - definitely one of the more interesting companies on the JSE.

Week by week, companies / instos / movers and shakers are seeing more value in the Ghost Mail audience. The beauty of this is that insights that were previously only behind closed doors will be more widely available. All you have to do is share and engage with the content!

As always, give this a listen with an open mind and decide for yourself re: MAS. I love being able to bring you such deep insights into dealmaking. This is the sharp end of corporate finance, with competing bids and literally billions at stake: ghostmail.co.za/ghost-stories-…

The numerous lovely messages I received today were a strong reminder of why I love what I do. Be the change you want to see - and the change I wanted to see was in the quality of financial insights (not just the news) available to retail investors who want a fair chance.

Hella different tone to the email I received this morning. Been quoted multiple times by them as The Finance Ghost, the platform through which I make the comments on investing. So any random use of another name would be somewhat at odds with this post, no?

So @DailyInvestorSA is upset about my comments re: their article on Altvest (the one that I called clickbait) and they are threatening to quote me "in my personal capacity" today. That's exciting. Free publicity from a competing publication! Looking forward to their insights.

Good morning! Here are your Ghost Bites: ghostmail.co.za/ghost-bites-ad…

Here it is - the one you've been waiting for, my no-holds-barred conversation with @Waza1501 of @CapitalAltvest Over an hour of hard-hitting discussion on everything from the underlying assets to remuneration and related parties. Get it here: ghostmail.co.za/ghost-stories-…

That's a juicy day of news alright... The MAS board vs. Hyprop is definitely the most interesting story, with plenty of other M&A and company updates as well: ghostmail.co.za/ghost-bites-ac…

The NAV of a listed property fund is basically a completely useless number. Here we have a fair value calc for Castleview that points out the 27.8% discount to NAV as market related. And yet Castleview's dividend reinvestment alternative was at NAV...